Search results
Results From The WOW.Com Content Network
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 suit filed by the head of the NBA players union ...
The ABA–NBA merger terms included the St. Louis (and Kentucky) players being put into a special dispersal draft. Marvin Barnes went to the Detroit Pistons for $500,000, Moses Malone went to the Portland Trail Blazers for $300,000, Ron Boone went to the Kansas City Kings for $250,000, Randy Denton went to the New York Knicks for $50,000 and ...
The Spirits of St. Louis were a basketball franchise based in St. Louis that played in the American Basketball Association (ABA) from 1974 to 1976. This was the third and last city of a franchise that had begun as a charter member in 1967 as the Houston Mavericks before a shift to the Carolinas in 1969 to play as the Cougars.
The league succeeded in forcing a merger with the NBA in the 1976 offseason. Four ABA teams were absorbed into the older league: the New York Nets, Denver Nuggets, Indiana Pacers, and San Antonio Spurs. As part of the merger agreement, the four teams were not permitted to participate in the 1976 NBA draft.
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 NBA welcomed the four ABA teams whose rabid fan bases made them legitimate NBA cities: the Denver Nuggets, the Indiana Pacers, the New Jersey Nets and the San Antonio Spurs.
The Spurs moved to San Antonio for the 1973 ABA season after McCombs and a group of local investors purchased the then-Dallas Chaparrals of the ABA. McCombs sold his share of the franchise to ...
Four ABA franchises joined the NBA: the New York Nets, the Indiana Pacers, the San Antonio Spurs, and the Denver Nuggets. The other ABA teams had folded prior to the merger, except for the Kentucky Colonels and Spirits of St. Louis, both of whose players were picked up by NBA teams in the ABA dispersal draft. The league adopts a balanced schedule.