Entities reach conditional settlement
Over the course of the past 37 years, Ozzie and Dan Silna collected approximately $300 million from the NBA and four of its teams thanks to an agreement the brothers forged as part of the 1976 ABA-NBA merger.
As owners of the Spirits of St. Louis, the Silnas agreed to give up their dream of bringing their team into the NBA in exchange for one-seventh of the television revenues of the four teams -- the Nuggets, Nets, Spurs and Pacers -- that joined the league.
An announcement was ...
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