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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 ...
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 following is a timeline of the organizational changes in the National Basketball Association (NBA), including contractions, expansions, relocations, and divisional realignment. The league was formed as the Basketball Association of America (BAA) in 1946 and took its current name in 1949, when it merged with the National Basketball League (NBL).
The American Basketball Association (ABA) was a men's professional basketball major league from 1967 to 1976. The ABA merged into the National Basketball Association (NBA) in 1976, resulting in four ABA teams joining the NBA and the introduction of the NBA 3-point shot in 1979.
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The ABA was formed in the fall of 1967, and the first ABA Finals were played at the end of the league's first season in the spring of 1968. [1] [2] The league ceased operations in 1976 with the ABA–NBA merger and four teams from the ABA continued play in the National Basketball Association. [3]
Using the red, white and blue ball at this year's All-Star Game would honor it. ... "In the 70s, when the (ABA and NBA) merger occurred, basketball was not a healthy sport. It was struggling.
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 ...