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The remaining ABA teams, marked in orange, folded. The ABA–NBA merger was a major pro sports business maneuver in 1976 when the American Basketball Association (ABA) combined with the National Basketball Association (NBA), after multiple attempts over several years. The NBA and ABA had entered merger talks as early as 1970, but an antitrust ...
Ozzie (December 27, 1932 – April 26, 2016 [1]) and Daniel (born August 26, 1944 [citation needed]) Silna are American businessmen of Latvian descent [2] [3] best known for their success in the textile industry, as well as being co-owners of the American Basketball Association's Spirits of St. Louis and the lucrative deal cut to fold that team during the ABA-NBA merger.
The owners of the Spirits, the brothers Ozzie and Daniel Silna, struck a prescient deal to acquire future television money from the teams that joined the NBA, a 1/7 share from each surviving ABA franchise (or nearly 2% of the entire NBA's TV money), in perpetuity. (The deal allocated 45% for each of the Silnas and 10% for their lawyer Donald ...
Donald Schupak. Donald Schupak is a New York business executive, investor, philanthropist, and attorney who is best known for his involvement with the Spirits of St. Louis during the 1976 ABA-NBA merger. The purchase of the Spirits by the NBA including Schupak's resulting ownership interest was called the best sports deal of the century by ...
1975–76 ABA season. The 1975–76 ABA season was the ninth and final season of the American Basketball Association. The shot clock was changed from 30 to 24 seconds to match the NBA. Dave DeBusschere was the league's new commissioner, its seventh and last. This was also the only season that did not use the East-West division setup.
Following the 1975–76 season, the NBA merged with the American Basketball Association, a competing league that had operated for nine seasons beginning in 1967. With the ABA–NBA merger, four ABA teams became members of the NBA: the Denver Nuggets, Indiana Pacers, New York Nets (became New Jersey Nets, now Brooklyn Nets) and the San Antonio ...
Indiana Pacers (3 titles) The American Basketball Association (ABA) was a men's professional basketball major league from 1967 to 1976. The ABA merged into the National Basketball Association (NBA) in 1976, resulting in four ABA teams joining the NBA and the introduction of the NBA 3-point shot in 1979.
It was the ABA's first win against the NBA, as the ABA's Dallas Chaparrals had lost to the NBA's Milwaukee Bucks 106–103 the night before in the first ever matchup between the two leagues. On October 8, 1971, the Colonels hosted the Milwaukee Bucks and Kareem Abdul-Jabbar at Freedom Hall in front of over 18,000 fans.