How much did the silna Brothers offer to end their deal?
Back in 1976, Ozzie and Daniel Silna were given the unfortunate news that they needed to fold their ABA team, the Spirits of St. Louis, for a sum of $3 million.
What happened to the St Louis Spirits?
The Spirits of St. Louis, an ABA franchise that played only 2 seasons from 1974-76. Their owners, Ozzie and Daniel Silna, were forced to dissolve the franchise in exchange for a deal that would prove to be an unexpected financial bonanza. Louis basketball team when they were shut out from the 1976 ABA-NBA merger.
What deal did the Silna brothers decline?
Along with his surviving younger brother, Daniel, Silna negotiated a share of the NBA’s television rights for perpetuity, as a payoff for the league declining to fold his ABA squad, the St. Louis Spirits, in 1976.
What 3 ABA teams were not part of the merger with the NBA?
The NBA imposed the following terms on the four ABA refugees—the Denver Nuggets, Indiana Pacers, New York Nets and San Antonio Spurs: The new teams’ arrival was treated as an expansion, not a merger. Each of the four remaining ABA teams had to pay a $3.2 million expansion fee to the NBA by September 15, 1976.
How much did ABA players make?
Salaries. The ABA imposes a salary cap of $120,000 and players are often paid $30-$50 per game. Some teams, like the Richmond Elite, pay their players more – offering them as much as $300 per game. There has been some criticism hovering around the fact that most players are not paid salaries for playing a game.
Did Flint have an ABA team?
The Flint Fuze were a professional basketball team located in Flint, Michigan, United States, in 2001. They were a part of the Continental Basketball Association and played their home games at the IMA Sports Arena….
| Flint Fuze | |
|---|---|
| Team colors | blue, light blue, white |
What is NBA TNT salary?
In 2014, the NBA signed a nine-year television deal with ABC/ESPN and TNT that generates annual league television revenues of $2.66 billion beginning with the 2016–17 season, while the NHL earns $625 million annually from seven-year contracts signed in 2021 with ESPN and Turner Sports to last until the 2027-28 season.
Who are the owners of the spirits of St Louis?
NBA Merger. But 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 franchise (or nearly 2% of the entire NBA’s TV money), in perpetuity. With network TV deals becoming more and more lucrative,…
When did the spirits of St Louis leave the NBA?
The Spirits of St. Louis were a basketball franchise in the American Basketball Association that existed 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.
Where did the St.Louis spirits play their home games?
The new owners promptly moved the team to St. Louis. The new logo (pictured above) was clever, and the Spirits’ uniforms were classy. The Spirits played their home games in the 18,000 seat St. Louis Arena (also known as the “Checkerdome”).
Who was the coach of the St Louis Spirits in 1975?
One of the coaches in 1975 was former NBA player Rod Thorn, who became the NBA’s vice president of basketball operations (in essence, the league’s chief disciplinarian and the number-two man behind commissioner David Stern) for a number of years. On radio, the team featured Bob Costas as its play-by-play announcer on KMOX.