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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 ...
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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Moses Malone was selected by the Portland Trail Blazers from the Spirits of St. Louis.. On August 5, 1976, as a result of the ABA–NBA merger, the NBA hosted a dispersal draft to select players from the Kentucky Colonels and Spirits of St. Louis, the two American Basketball Association (ABA) franchises that were not included in the ABA–NBA merger.
Drafted fifth overall by Sacramento in 2017, the 27-year-old Fox averaged 21.5 points (on 47/33/74 shooting splits), 6.1 assists, 3.9 rebounds and 1.4 steals in 33.2 minutes per game over his ...
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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