- Dec 3, 2007
- 8,180
- 5,405
This made the news early in the year because the NBA finally reached a buyout with them, but the owners of an old ABA team, St. Louis Spirits, get 1/7 of the television revenue that the Spurs, Nets, Nuggets, & Pacers (4 ABA teams) get every year for the rest of eternity. They received 19 million last season and have gotten 300 million total since 1973. It's one of the, if not, the greatest business deal ever. And word is David Stern has low-key loathed this deal and has been trying to reach a buy-out since day 1 of his tenure.
They actually reached a buyout some time last year; although, i can't quite remember the specifics of the settlement.
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