Thanks to a provision in the merger of the N.B.A. and the A.B.A. in 1976, former A.B.A. team owners Ozzie and Daniel Silna have earned $255 million from the N.B.A.’s television contracts.

Topics:  n.b.a    a.b.a    ozzie   daniel silna    n.b.a    n.b.a    earn   
BING NEWS:
  • The NBA is buying its way out of the losing end of ‘the greatest sports business deal of all time’
    After all, the Silna brothers — who secured a fraction of the NBA’s television rights in perpetuity after effectively being bought out of merging their team with the NBA in 1976 — were being handed millions ... advantage. Ozzie and Daniel’s deal ...
    01/7/2014 - 11:20 am | View Link
  • The NBA is buying its way out of the losing end of ‘the greatest sports business deal of all time’
    After all, the Silna brothers — who secured a fraction of the NBA’s television rights in perpetuity after effectively being bought out of merging their team with the NBA in 1976 — were being handed millions ... advantage. Ozzie and Daniel’s deal ...
    01/7/2014 - 8:20 am | View Link
  • No Team, No Ticket Sales, but Plenty of Cash
    But if the share was small then, one particular term of the arrangement was attractive: the owners, Ozzie and Daniel Silna, would be paid ... and moved them to St. Louis in 1974. Formed to challenge the N.B.A., the A.B.A. wanted nothing more than to ...
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