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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 ...
In June 1976, the remaining ABA owners agreed to a merger with the National Basketball Association, in return for the Spirits of St. Louis folding, to pay the St. Louis owners $2.2 million in cash up front in addition to a 1/7 share of the four remaining teams' television revenues in perpetuity. As the NBA's popularity exploded in the 1980s and ...
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.
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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.
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A smothering defense was the team's trademark, as they held opponents to less than 100 points in an ABA-record 49 games. The early Spurs were led by ABA veteran James Silas, and the team grew stronger by acquiring Swen Nater (who would go on to win the Rookie of the Year award) and George Gervin from the Virginia Squires in January. The ABA ...
Three years later, the Spurs were one of four ABA franchises that joined the NBA as a result of the ABA–NBA merger. In 45 seasons since joining the NBA, the Spurs have achieved a winning record 36 times, have appeared in the NBA playoffs 38 times, and have won five NBA championships. The team won its most recent NBA championship in 2014. [2]