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Entities reach conditional settlement

Updated: January 7, 2014, 2:27 PM ET
By Darren Rovell | ESPN.com

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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