The Pacers made a major move for the 2005–06 season by signing Šarūnas Jasikevičius, the floor leader of two-time defending Euroleague champions Maccabi Tel Aviv.
On December 12, the Pacers placed Artest on their inactive list and began seeking a trade for the troubled star.
On December 16, the NBA fined Ron Artest $10,000 for publicly demanding a trade, which is similar to "degrading the league".
In Game 6 Anthony Johnson scored 40 points but the Pacers' season came to an end as the Nets won 96–90.
On March 30, during a game against the Phoenix Suns, the Pacers organization honored Reggie Miller by retiring his #31 jersey, and presenting him with a Bentley Continental GT.