In 1976 four ABA teams joined the NBA.
January 24, 2002 12:28 PM Subscribe
In 1976 four ABA teams joined the NBA. This left 2 teams to be compensated. One team accepted a $3 million buyout. The other team, as per an agreement made 6 months earlier and thought up by the owner of the team, got 1/7 of the other 4 teams television money forever. Has there ever been a better business deal/gamble?
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