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 AMonline - #2
timdog 271 heat pts271

  d 
space
$15,711 | 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
$36,446 | POWERFUL
Posted about this a couple of years ago.



Stern lost
 09-07-2012, 10:32 AMonline - #4
timdog 271 heat pts271

  d 
space
$15,711 | 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  Aug 19 - Breaking: Another Suspect Dead In St. Louis ..
55 comments
Image inside  Aug 19 - Jesse Jackson Asking Protesters For Donation..
58 comments
Image inside  Aug 19 - REPORT: ISIS Beheads U.S. Journalist
128 comments
 Image(s) inside Hoodlums And Their Cars
New reply 14 seconds ago - 127 comments - by BlackBreesus
 NBA Magic Johnson: "no Team In The East Will Want To ...
New reply 10 minutes ago - 236 comments - by Motion
 Article inside Earl Sweatshirt: Taylor Swift Is "perpetuating Bl...
New reply 2 minutes ago - 276 comments - by andrewspaceship
 Image(s) inside Wait A Minute.... Mind Fu-ked!!!
New reply 11 minutes ago - 65 comments - by tokinjohn
 Video inside Dr Dre Ice Bucket Challenge (challenges Eminem, Kendri...
New reply 7 minutes ago - 119 comments - by mdemaz
  Aug 18 - Mike Brown Paid For Rillos , And Store Owners...
New reply 13 minutes ago - 141 comments - by Trolling
  If You Could Bring Back One Cancelled Tv Show And/or A...
New reply 9 minutes ago - 99 comments - by thirsty91
 Image(s) inside Aug 17 - Michael Brown Autopsy Results Revealed. Shot ...
New reply 17 minutes ago - 421 comments - by Kadillac87

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.