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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 first major instance of permanent bans being used throughout the NBA revolved around the case of the CCNY point-shaving scandal that primarily happened in 1951. As a result of this incident, 36 different collegiate players (including a few that were either already in the NBA or were drafted into the NBA by this time) and one NBA referee were reported to have been involved with this case at ...
While the ABA's nightly scoring average was a tad lower than the NBA's—117.4 to 108.9—it felt as if the upstart league was putting more points on the board, thanks primarily to what would ...
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 ...
That's a massive jump compared to the upcoming 2024-25 season, the last in the current media rights deal, in which the NBA is keeping just 0.5%, or $15 million.
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 ...
Brian Steinberg. July 24, 2024 at 5:58 PM. Warner Bros. Discovery thinks it’s entitled to keep some of its hoop dreams. The company pushed back on the notion that the NBA could keep it out of ...