ABA–NBA merger television revenue agreement
E627351
The ABA–NBA merger television revenue agreement was a landmark deal in which the Silna brothers secured a long-term share of NBA television revenues in exchange for folding their ABA franchise, ultimately becoming one of the most lucrative sports business agreements in history.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
contract
ⓘ
legal settlement ⓘ sports business agreement ⓘ television revenue sharing agreement ⓘ |
| associatedWith |
NBA broadcast contracts
ⓘ
Spirits of St. Louis owners ⓘ |
| beneficiaries |
Daniel Silna
NERFINISHED
ⓘ
Ozzie Silna NERFINISHED ⓘ Silna brothers NERFINISHED ⓘ |
| category |
ABA–NBA merger
NERFINISHED
ⓘ
sports economics ⓘ sports law ⓘ television in the United States ⓘ |
| characterizedAs |
landmark sports business agreement
ⓘ
unusually favorable to the Silna brothers ⓘ |
| comparedTo | other franchise indemnification deals in professional sports ⓘ |
| compensationFor | agreement not to join the NBA as an active franchise ⓘ |
| compensationStructure | percentage of gross NBA television revenues ⓘ |
| compensationStructure | perpetual share of NBA television revenues ⓘ |
| compensationType | share of NBA national television revenues ⓘ |
| context | ABA–NBA merger NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateSigned | 1976 ⓘ |
| economicImpact | tens of millions of dollars paid to Silna brothers over time ⓘ |
| hasParties |
Daniel Silna
NERFINISHED
ⓘ
National Basketball Association NERFINISHED ⓘ Ozzie Silna NERFINISHED ⓘ former American Basketball Association owners ⓘ |
| hasSubjectMatter |
franchise indemnification
ⓘ
media revenue sharing ⓘ television rights ⓘ |
| industry |
professional basketball
ⓘ
sports media rights ⓘ |
| involvesFranchise | Spirits of St. Louis NERFINISHED ⓘ |
| involvesTeamOutcome | folding of Spirits of St. Louis franchise ⓘ |
| jurisdiction |
United States of America
ⓘ
surface form:
United States
|
| longTermEffect |
legal disputes over scope of television and media revenues
ⓘ
ongoing payments to Silna brothers for decades ⓘ |
| notableFor |
being one of the most lucrative deals in sports history for a defunct franchise
ⓘ
extraordinary long-term profitability for the Silna brothers ⓘ long-term impact on NBA television revenue distribution ⓘ |
| purpose | compensation for exclusion of Spirits of St. Louis from NBA ⓘ |
| relatedEvent | 1976 ABA–NBA merger ⓘ |
| resultedFrom | exclusion of Spirits of St. Louis from NBA expansion ⓘ |
| revenueShareScope |
NBA international television revenues
ⓘ
NBA national television broadcast revenues ⓘ |
| revenueShareScope | NBA national cable television revenues ⓘ |
| timePeriod |
early 21st century
ⓘ
late 20th century ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.