Thatbone of the greatest money maker ever came from a folding "other" league team.
The Salinas brothers bought the ABA team Carolina Cougars for 1 million dollars moved them to,St Louis and then the NBA took 4 ABA teams for the NBA.
Then there were 2 ABA teams,left. The Kentucky Colonels and the St Louis Spirits. The NBA paid the Colonels 3 million to fold. The Spirits and the Salinas fought and the NBA made a deal by giving them a little piece of the NBA TV rights.
For the next 40 years or so, they just collected a check....no BS....just checks for the rights...to a tune of close to 800 million.
One of the greatest deals in sports history without actually kwning a team for nearly 40 years!!
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The Salinas brothers bought the ABA team Carolina Cougars for 1 million dollars moved them to,St Louis and then the NBA took 4 ABA teams for the NBA.
Then there were 2 ABA teams,left. The Kentucky Colonels and the St Louis Spirits. The NBA paid the Colonels 3 million to fold. The Spirits and the Salinas fought and the NBA made a deal by giving them a little piece of the NBA TV rights.
For the next 40 years or so, they just collected a check....no BS....just checks for the rights...to a tune of close to 800 million.
One of the greatest deals in sports history without actually kwning a team for nearly 40 years!!
The NBA Finally Puts An End To The Greatest Sports Deal Of All Time
The New York Times is reporting that the National Basketball Association has finally reached an agreement with Ozzie and Daniel Silna, two brothers who owned the Spirits of St. Louis, a former American Basketball Association franchise through which they had negotiated what became known as “the...
www.forbes.com
