The End of the ABA

The American Basketball Association, that is.  The NBA has finally negotiated a buyout of their crazy contract with the Silna brothers (which I’ve posted about before) that gave these former owners of the St. Louis Spirits a share of the league’s TV revenue in perpetuity.  How much will the buyout cost?  At least $500 million (on top of the money the NBA has shelled out since 1976).

Read those contracts carefully folks.

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