This is BX @ Boxden.com


Owners of St. Louis ABA team want more NBA TV money


 Owners of St. Louis ABA team want more NBA TV money
topic by timdog - 09-07-2012, 10:09 AM - Boxden > BX SportsCenter


Each year, the NBA pays part of the television revenue from the four former ABA teams — the Spurs, Pacers, Nets and Nuggets — to the owners of the now defunct Spirit of St. Louis. Seriously. It’s a budget line item for those teams. Nobody talks about the actual amount over the past 36 years but estimates have it at around $240 million.

It was part of a settlement of a lawsuit filed before the 1976 merger of the old ABA and NBA, one where name players like Oscar Robertson, John Havlicek and Bill Bradley challenge the anti-trust status of the NBA. The case was settled before the merger.

As part of the deal owners of the ABA team the Spirit of St. Louis, Ozzie and Dan Silna, agreed to fold their team if they were paid 1/7th of the NBA’s television revenue for four merged teams. Forever. As in a portion of the national television revenue that would go to the Spurs, Pacers, Nets and Nuggets next season will instead go to the Silna family. Not bad for doing nothing but waiting for the checks to roll in.

But it wasn’t enough.

Last year the NBA asked the courts to re-open the settlement, so the Silna brothers countered they were being shortchanged by not getting a piece of international and cable broadcast rights, reports the a$sociated Press.

Thursday a judge listened to arguments from both sides then told them to try and settle the case out of court, according to the AP.

To which I say yes — courts are already backlogged with actual cases that are of import to people’s lives, this is frivolous crap. The Silna’s are getting rich (well, richer, they were already rich) sitting on their behind, with their payments getting larger as the national television deals for the NBA have grown.

The Silna’s made a savvy business move a few decades back, when nobody predicted the NBA’s popularity surge. Good for them. I get why the NBA wants to revisit it, but they signed on to it. However, for the brothers to ask for more now just seems greedy. But welcome to America.

Owners of St. Louis ABA team want more NBA TV money | ProBasketballTalk

> Owners of St. Louis ABA team want more NBA TV money - Photo posted in BX SportsCenter | Sign in and leave a comment below!

stern lost


Latest Sports Hot Topics »   share this topic »   Share this on Twitter Share this on Facebook

3 comments for "Owners of St. Louis ABA team want more NBA TV money"


 09-07-2012, 10:11 AMaway - #2
timdog 283 heat pts283

  d 
space
$16,003 | POWERFUL
stern did this deal in 1979 he was the head lawyer for the nba

he didnt think to much of them 4 teams i see
 09-07-2012, 10:24 AMaway - #3
A.G 27 heat pts27

  d 
space
$36,549 | POWERFUL
Posted about this a couple of years ago.



Stern lost
 09-07-2012, 10:32 AMaway - #4
timdog 283 heat pts283

  d 
space
$16,003 | POWERFUL
Originally Posted by A.G
Posted about this a couple of years ago.



Stern lost


i bet the salinas bros. love the nets move to brooklyn
 
 


Go Back   Boxden.Com - Stay First. Follow BX. > BX Table Of Contents > BX SportsCenter
    
         

 



Latest hot topics on fire the past 48 hrs
Image inside  Chris Paul - NBA Live 15 Vs 2K15
53 comments
BOX Floyd "Money" Mayweather stiffs waitress on 25k bill..
114 comments
NBA Dennis Rodman leaving USA to visit with leaders of ISIS..
50 comments
  Iggy Tape Coming After All? Signed Her Rights Away
New reply 19 seconds ago - 56 comments - by kushbleezy412
 NFL Report: Multiple Teams Interested In Signing Ray Rice
New reply 22 minutes ago - 53 comments - by Steve
 Video inside 50 Cent's Grandmother Has Passed Away (rip)
New reply 10 minutes ago - 108 comments - by PyrexVisionary
 NFL Bxsc Nfl Pick 'em Challenge Week 3 Picks!!!!!!
New reply 30 minutes ago - 83 comments - by UrbanEnterprise
 NFL What Did We Learn In Nfl Week 2?
New reply 16 minutes ago - 51 comments - by Sivraj
 Image(s) inside I'm Just Going To Leave This Here...
New reply 42 minutes ago - 78 comments - by jeehtoven
 Video inside Homeless Guy Survives By Picking Up Women Every Night
New reply 20 minutes ago - 55 comments - by LowaEastSide5
  Gucci Mane Sentenced To Additional Three Years In Prison
New reply 51 minutes ago - 90 comments - by youngige

Like BX on Facebook Follow BX on Twitter
5,766 fans of BX | none new today 4,746 following | none new today

hot topic blog   »    hip-hop   |   sports   |   movies   |   games   |   news   |   wild'ish   |   gear   |   rides   |   tech

contact us   |   mobile   |   privacy statement

© Boxden.com. 1998 - end of time.