latimes.com— Brothers Ozzie and Dan Silna, co-owners of the long-forgotten ABA team, the Spirits of St. Louis make $24 million a year and haven't had a team in 30 years.
Aug 1, 2006View in Crawl 4
Ya these guys have it set for life......and their kids life and their kids life and their kids life......and so on and so forth.........till people stop watching overpaid kids play basketball.
Sounds like these guys better watch their backs.. if I were them I'd be scared NBA would be trying to put a hit on me. Seriously. Wouldn't be the first time. Wouldn't be the last.
I wonder if the NBA could just rename itself or otherwise, turn into 'some other business' to get ouf of the deal... but $25m is just a drop in the bucket when the TV Deal alone is worth $5b
It said, the contract goes for as long as the NBA exists - so yeah, if they can somehow pass the contract on I don't see why not.The deal may be easier to break then, but who cares. They will already have made hundreds of millions of dollars.
"the nba is doing just fine"Not really... The NBA has become a joke over the last decade or so. It isn't about basketball any more, it's about the sponsors. It's about whoring the referees to stretch the series to seven games whenever possible, all for those glorious advertising dollars and ticket sales.
bluedayAug 2, 2006
I think that was $8 million spread out over 5 years compared to $5 million spread out over 8 years, not $x million per year for that length.
chrispikulaAug 2, 2006
So one person getting lucky and having money while the rest live in squalor is better?
pkulakAug 2, 2006
Im pretty sure they've thought of that. Seems like it may be a tad more complicated then that, though.
Closed AccountAug 2, 2006
Ya these guys have it set for life......and their kids life and their kids life and their kids life......and so on and so forth.........till people stop watching overpaid kids play basketball.
Closed AccountAug 2, 2006
Sounds like these guys better watch their backs.. if I were them I'd be scared NBA would be trying to put a hit on me. Seriously. Wouldn't be the first time. Wouldn't be the last.
xenlabAug 2, 2006
I wonder if the NBA could just rename itself or otherwise, turn into 'some other business' to get ouf of the deal... but $25m is just a drop in the bucket when the TV Deal alone is worth $5b
zclipAug 2, 2006
It said, the contract goes for as long as the NBA exists - so yeah, if they can somehow pass the contract on I don't see why not.The deal may be easier to break then, but who cares. They will already have made hundreds of millions of dollars.
3denAug 27, 2006
Plus, the contract says clearly "as long as the NBA or it's *successors* continue to exist"
lespaul75May 1, 2007
"the nba is doing just fine"Not really... The NBA has become a joke over the last decade or so. It isn't about basketball any more, it's about the sponsors. It's about whoring the referees to stretch the series to seven games whenever possible, all for those glorious advertising dollars and ticket sales.