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Reload this Page Best Sports Deal Ever
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The Sandbox - Upstate New York The Sandbox is a collection of off-topic discussions. Humorous threads, Sports talk, and a wide variety of other topics can be found here. If it's NOT an adult-themed topic, then it belongs here

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Old 09-15-2012, 08:05 AM   #1
jackfengshui
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Default Best Sports Deal Ever
When the upstart and struggling American Basketball Association merged with the NBA in 1976, only 4 of the 7 teams in the ABA were invited to join the expanded NBA. One of the teams that were left out, the Spirits of St. Louis, negotiated a "small" concession to go away - 1/7 of the TV revenue of the 4 former ABA teams that did join the NBA (the Nets, the Spurs, the Pacers, and the Nuggets). Back in 1976, NBA TV revenue was modest, but it has increased tremendously since. Daniel and Ozzie Silna, the former owners of the Spirits, have already received $255 million thus far, and they (or their heirs) can count on more future fortunes for doing nothing in perpetuity! Now the Silnas want even more, and are suing to grab their share of not just NBA network TV revenue, but also international and premium cable broadcasts.

The NY Times has a nice report on this deal of the century.
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Old 09-15-2012, 10:30 AM   #2
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Quote:
Originally Posted by jackfengshui View Post
have already received $255 million thus far, and they (or their heirs) can count on more future fortunes for doing nothing in perpetuity!
Wasn't that the platform for the DNC?








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Old 09-15-2012, 10:48 AM   #3
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Thought that was Ralph Wilson's deal too, 25 grand down payment in 1960 and do nothing more in perpetuity.
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Old 09-15-2012, 10:51 AM   #4
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I thought for sure we were gonna get rid of that old coot last week. SOOOOO CLOSE LOL. Soon I predict.... very soon! <fingers crossed>
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Old 09-15-2012, 02:42 PM   #5
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bring back the ABA
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Old 09-15-2012, 05:17 PM   #6
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thanck Tebow for the one percenters
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Old 09-15-2012, 05:37 PM   #7
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these spots teams are pikers

haliburton prolly pulls that in monthly.............. big pharma weekly........................ .....and BIG OIL? fawgettabout it!!!..............ijs
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Old 09-15-2012, 08:10 PM   #8
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Oilers owner Bud Adams loaned Ralph Wilson money to keep the Bills afloat in the 60s. I wonder if Wilson ever paid it back ...
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Old 09-16-2012, 01:21 AM   #9
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Bain capital?...................... .............................. BASTARDS!!!
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Old 09-16-2012, 08:32 PM   #10
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what limit should be set on an individuals income in America that would make you more satisfied jack?
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Old 09-16-2012, 10:47 PM   #11
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JB,

My personal Cap is 1 Billion/year. I'm really not greedy! Now if I made that kid of loot there are MANY MANY things I would do with it and I guarantee a significant portion would go to the purchase of services ...

DD
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Old 09-17-2012, 05:52 AM   #12
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id could blow through that in a week in Texas


would stop in arKansas on my way though
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