Report: NBA finally reaches buyout deal with former ABA owners still getting TV revenues

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It’s one of the great legends of the ABA:

When the NBA and ABA merged in 1976 four teams came in the league — the Nets, Pacers, Spurs and Nuggets — while the Spirits of St. Louis were left out (sort of like the Flint Michigan Tropics). The owners of the Spirit, Ozzie and Daniel Silna, wanted some compensation for missing out and they worked out a deal with the league to get one-seventh of the national television revenue that each of the four teams coming in was to get — in perpetuity. Forever.

Back in 1976 the sum was laughably small, but in the years since the NBA’s broadcast rights exploded and the Silnas got a piece of it every year, an estimated $300 million in the nearly 40 years since the merger. As you might imagine, the NBA has tried to get out from that agreement but to no avail, in fact a judge recently ruled that the Silnas should get a slice of international and league pass broadband rights, too.

However, finally the two sides have worked out a buyout, reports the New York Times.

On Tuesday, the Silnas, the league and the four former A.B.A. teams will announce a conditional deal that will end the Silnas’ golden annuity. Almost.

The Silnas are to receive a $500 million upfront payment, financed through a private placement of notes by JPMorgan Chase and Merrill Lynch, according to three people with direct knowledge of the agreement. The deal would end the enormous perpetual payments and settle a lawsuit filed in federal court by the Silnas that demanded additional compensation from sources of television revenue that did not exist in 1976, including NBA TV, foreign broadcasting of games and League Pass, the service that lets fans watch out-of-market games.

Still, the league is not getting rid of the Silnas altogether. They will continue to get some television revenue, some of it from the disputed sources named in their lawsuit, through a new partnership that is to be formed with the Nets, the Pacers, the Nuggets and the Spurs, according to the people with knowledge of the agreement. But at some point, the Silnas can be bought out of their interest in the partnership.

Why the Silnas chose to settle is the interesting question — while they had to fight the league for years and pay a lot of attorneys a lot of money, which deal was like a huge, never-ending annuity. The Times answered that as well.

But there is a reluctance, more by Daniel, 69, than Ozzie, 80, to keep fighting the league, said one of the people who discussed the agreement.

What does this mean to you the fan? Nada. It really means long term more money in the owners’ pockets.

And my guess is the Silna families will be able to live pretty darn comfortably on that sum for a few years.

Remembering Notre Dame, Laker legend Tommy “the hawk” Hawkins

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Tommy Hawkins passed away recently at the age of 80.

The former NBA player was the first black athlete to earn All-America honors in basketball at Notre Dame (he still holds the school’s total rebounds record), was drafted in the first round, and went on to have a 10-year NBA career playing for the Minneapolis/Los Angeles Lakers as well as the Cincinnati Royals. Los Angeles fans may also remember him as the long time director of communications for the Los Angeles Dodgers after his playing days ended.

The NBA put together this well done video look back at Hawkins’ career.

Celtics’ Brad Stevens said early September tests will show if Thomas ready for camp

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Isaiah Thomas said he expects to be ready for the Celtics’ training camp next month. The guard’s All-NBA season came to an early end in the playoffs when he aggravated a labral tear in his right hip initially suffered back in March. At least the injury did not require surgery.

Players are also about the worst judges of when they will recover from an injury. They pretty much all think they are invincible and will be healthy faster than doctors predict.

Coaches tend to be more pragmatic. Take Boston’s Brad Stevens, who told Chris Mannix on The Vertical Podcast that tests in a couple of weeks will show if Thomas is ready for camp.

“He has another follow-up and another scan in the early part of September. Obviously, it’s been a lot of appropriate rest, a lot of rehab. There have been some good strides here certainly in the last month or few weeks, but we’re not going to know that until after that early September timeframe.”

The Celtics are understandably going to be cautious with Thomas, while Thomas wants to prove he is healthy and has no ill effects from the injury as he enters a contract year (one where he expects to get PAID). Also, the Celtics could use him in camp as they start to figure out how he and Gordon Hayward can share playmaking duties.

Still, from the outset, the timelines have suggested he should be ready for camp in late September. Coaches are just cautious on these things by nature.

Allen Iverson predicts LeBron James will win MVP

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LeBron James has four NBA MVP trophies in his case. (Does he keep that case in his home in Akron or the one in Los Angeles… that’s a question for another day.) Only Kareem Abdul-Jabbar (six) and Michael Jordan (five) have more.

Could LeBron James add a fifth to his case this season?

Allen Iverson said yes at last weekend’s Big3 playoffs in Seattle.

LeBron was fourth in preseason odds to win the MVP at 15/2, behind Russell Westbrook, Kevin Durant, and Kawhi Leonard.

To me, LeBron could be a good bet. If/when Kyrie Irving is traded, the chances of LeBron getting the MVP go up. If LeBron puts up impressive numbers (again) and leads a depleted Cavaliers team to a top two seed in the East, he is certainly going to be in consideration. And should be.

It’s a long season, and personally, I think you need to get midway through the season before seriously considering the year-end awards. But history says LeBron will be in the mix, and Allen Iverson could be proven prophetic.

Phoenix Suns with quality solar eclipse joke on Twitter

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With the cooler-than-I-expected solar eclipse on Monday came a lot of bad solar eclipse jokes on Twitter. Because that’s what Twitter does. Especially the NBA Twitterverse. We knew a lot of “where on the flat earth will Kyrie Irving watch the eclipse?” jokes were coming.

There were a couple of good ones, however.

Appropriately, the Phoenix Suns won the day.

One personal favorite here, an old meme that never goes out of style.