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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 ...
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.
The Virginia Squires folded in May following the end of the regular season, but before the conclusion of the 1976 ABA Playoffs, [5] due to them being unable to make a $75,000 league assessment one month before league merger talks with the NBA began. The 1976 ABA All-Star Game saw the first place Denver Nuggets come from behind to defeat the ABA ...
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 following are seasons of teams in the American Basketball Association from 1967 until the ABA–NBA merger in 1976. ... was last edited on 5 December 2024, ...
The 1976 ABA Playoffs was the postseason tournament of the American Basketball Association's 1975–76 season. The tournament concluded with the New York Nets defeating the Denver Nuggets four games to two in the ABA Finals. This was the final year of the ABA. The ABA-NBA merger took place on June 17, 1976.
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]
With the conclusion of the 1975–76 ABA season, negotiations to finalize the ABA-NBA merger began. On June 17, 1976, Colonels owner John Y. Brown Jr. agreed to fold the Colonels in exchange for $3 million from the ABA teams entering the NBA. The Colonels' players were put into a dispersal draft along with the players from the Spirits of St. Louis.