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Old 01-07-2014, 03:49 PM   #1
eliteballer
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Default NBA Will Pay $500 Million to Get Out of ABA Deal

http://www.nytimes.com/2014/01/07/sp...iR3H0OdLNL7vQ&

http://finance.yahoo.com/news/nba-pa...165704100.html

Last edited by eliteballer : 01-07-2014 at 03:53 PM.
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Old 01-07-2014, 03:51 PM   #2
SpecialQue
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Default Re: NBA Will Pay $500 Million to Get Out of ABA Deal

What a deal! That's like Lucas getting the merchandise rights for Star Wars because the studio didn't see the value in it.
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Old 01-07-2014, 03:52 PM   #3
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Default Re: NBA Will Pay $500 Million to Get Out of ABA Deal

That's incredible
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Old 01-07-2014, 05:39 PM   #4
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Default Re: NBA Will Pay $500 Million to Get Out of ABA Deal

I kinda just glanced through it, would anyone wanna fill me in to why it'd be beneficial for them to settle for the $500 mil when their family could just keep their current deal and keep cashing checks as long as the NBA exists?
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Old 01-07-2014, 05:43 PM   #5
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Default Re: NBA Will Pay $500 Million to Get Out of ABA Deal

isn't the NBA going to start negotiations on new TV deals soon?

Bird in the hand, I guess
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Old 01-07-2014, 05:45 PM   #6
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Default Re: NBA Will Pay $500 Million to Get Out of ABA Deal

Quote:
Originally Posted by RagingBull33
I kinda just glanced through it, would anyone wanna fill me in to why it'd be beneficial for them to settle for the $500 mil when their family could just keep their current deal and keep cashing checks as long as the NBA exists?
makes me wonder as well? They had a goldmine, although I think a new deal gives them profit from League pass the other media.

lolz so similar to Jon Peters earning money of the superman franchise even though he hasnt put money in the franchise in a long time.
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Old 01-07-2014, 06:04 PM   #7
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Default Re: NBA Will Pay $500 Million to Get Out of ABA Deal

I'm not great with financial disputes and history so bear that in mind when I ask these questions and type these thoughts:

1) Do only the 4 ex-ABA teams pay the Silnas or does the league itself pay them?

2) Did the teams that agreed to the merger break some kind of clause that forbade them from separation from the ABA?

3)
Quote:
But Michael Goldberg, the A.B.A.’s former general counsel, recalled in a recent interview that the four teams were desperate to get into the N.B.A. and willing to satisfy the Silnas.

“Schupak said they’d take TV rights in perpetuity as a kind of Hail Mary to get money down the road,” he said. “What was missing was someone saying, ‘Thirty years, 50 years, or until something happens, and it’s over.’ ”
Wait, so the 4 team owners never specified a date when the payments would end? Even Isiah Thomas wouldn't make a move like that.

4) Are the Silnas family the reason why none of those four teams is popular? I'd like to see the average games aired nationally for each team. I bet Stern purposely left these teams out as much as possible to avoid paying the Silnas even more.

5) Why are the Silnas still so butthurt? (Ok that's not a serious question)
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Old 01-07-2014, 07:31 PM   #8
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Default Re: NBA Will Pay $500 Million to Get Out of ABA Deal

Quote:
Originally Posted by RagingBull33
I kinda just glanced through it, would anyone wanna fill me in to why it'd be beneficial for them to settle for the $500 mil when their family could just keep their current deal and keep cashing checks as long as the NBA exists?

It said that they are like 70+ years old and don't want to deal with any more legal battles. It took 30 years to make 300mil. I guess they figure it'll take another 30 to make 500mil. It's easier to just take the money and invest it somewhere else I guess.

They only get 1/7th of 4 teams TV right. They were fighting to get league pass revenue and other newer stuff but settled instead.

And they didn't give up everything. They still get monthly checks. It didn't say what the new terms were though
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