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.

Syracuse coach Jim Boeheim keeps fabricating NBA draft stats

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Sophomore forward Tyler Lydon declared for the NBA draft, which Syracuse coach Jim Boeheim seized as an opportunity to spew more nonsense.

Connor Grossman of The Daily Orange:

Boeheim cautioned Lydon about jumping into the NBA Draft now, knowing he lacked the “monster year” it would’ve taken for him to get lottery pick consideration.

“He didn’t demonstrate this year that he can be a lottery pick,” Boeheim said, “but next year I know he can be. That’s what I told him. I think he can come back here and demonstrate that he can be a lottery pick.

“I think it’s a better way to go to the NBA. You make money, they draft you high, they play you. Half the picks between 20-30 are out of the league within three years.”

We don’t yet know whether anyone drafted in 2014 or later will last more than three years in the NBA. So, let’s examine the prior 10-year period: 2004-2013. I exempted Nikola Mirotic, who jumped late to the NBA and is in his third season right now (even though I’d be shocked if he’s not in the NBA next season).

In that span, 22% of players picked between 20-30 were out of the league within in three years.

That’s not even half of Boeheim’s stated figure.

A third of those picks who washed out so quickly were international players. NBA teams are pretty good at scouting and developing college players, who face fewer hurdles in translating to the to the league. So, Lydon being projected to go in the first round means something.

The most recent college player picked in this range to fall out of the league, Perry Jones, got paid for a fourth season. Even the cases that count for Boeheim are poor examples.

And who’s to say Lydon would develop into a lottery pick if he stayed another year at Syracuse? The only guarantee would be missing an opportunity at a year of NBA earnings. Lydon’s stock could fall, a precarious possibility for someone who doesn’t excel at creating shots. Lydon can develop with an NBA team, maybe even spending time in the D-League – while earning far more than the college-sports cartel allows.

Boeheim’s self-serving approach is painfully evident. He enriches himself on the backs of young college players, and when the most talented among them leave early, that hurts his stature. So, he makes up bogus figures in attempt to get what he wants.

It’s shameful.

Heat’s James Johnson says he can roundhouse kick a ball wedgied between backboard and rim

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James Johnson is having a career year for the surging Heat. The forward is doing a bit of everything – scoring, distributing, defending.

But we apparently haven’t seen all he can do.

Johnson, in a Q&A with Anthony Chiang of PalmBeachPost.com

Q: Can you really roundhouse kick a ball that’s stuck between the backboard and the rim?

James: “That’s a fact.”

Q: When was the last time you did it?

James: “The summer before last season.”

Q: So the last time you did it, you were with Toronto?

James: “And I was heavier. I still have everything I can do. It’s not like I lost anything. If anything, I’ve gained [more ability]. I lost weight. I’m stronger, more flexible. I might be able to get it easier now.”

Q: How old were you when you realized you could do this?

James: “Probably like 15, 16. That’s when I first knew I could do it. Then it was just something I could always do.”

Video or it never happened.

LeBron James, making career-low 67%, pledges to shoot at least 80% on free throws in playoffs

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LeBron James is making a career-low 67% of his free throws this season.

LeBron, via Joe Vardon of Cleveland.com:

“Yeah it’s killing me, it’s killing me,” James said

But I’ll be fine for the playoffs. For the rest of the regular season I’m going to end up shooting in the 60s, which is a career-low for me, but the postseason I’ll be up there in the 80s.

LeBron has never shot better than 78% in any regular season. He has only once eclipsed 78% in a postseason, shooting 81% in 2014.

If he could simply decide to shoot better from the line, why hasn’t he done it already?

That said, the Cavaliers look like they’re just biding their time until the playoffs. Their focus should increase, and LeBron’s free-throw percentage should rise with it.

But to 80%? Though I’ve learned never to count out LeBron, I’m skeptical.

Dwight Howard ate equivalent of 24 candy bars daily for about a decade

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Dwight Howard‘s love for candy is infamous, though in recent years he has talked more about healthy habits.

Just how much candy did he consume at his peak?

Baxter Holmes of ESPN:

By February’s All-Star break, it was time for a full-blown intervention, and Dr. Cate Shanahan, the Lakers’ nutritionist, led the charge, speaking to Howard by phone from her office in Napa, California. Howard’s legs tingled, he complained, but she noticed he was having trouble catching passes too, as if his hands were wrapped in oven mitts. Well, he quietly admitted, his fingers also tingled. Shanahan, with two decades of experience in the field, knew Howard possessed a legendary sweet tooth, and she suspected his consumption of sugar was causing a nerve dysfunction called dysesthesia, which she’d seen in patients with prediabetes. She urged him to cut back on sugar for two weeks. If that didn’t help, she said, she vowed to resign.

To alter Howard’s diet, though, Shanahan first had to understand it. After calls with his bodyguard, chef and a personal assistant, she uncovered a startling fact: Howard had been scarfing down about two dozen chocolate bars’ worth of sugar every single day for years, possibly as long as a decade. “You name it, he ate it,” she says. Skittles, Starbursts, Rolos, Snickers, Mars bars, Twizzlers, Almond Joys, Kit Kats and oh, how he loved Reese’s Pieces. He’d eat them before lunch, after lunch, before dinner, after dinner, and like any junkie, he had stashes all over — in his kitchen, his bedroom, his car, a fix always within reach. She told his assistants to empty his house, and they hauled out his monstrous candy stash in boxes — yes, boxes, plural.

Howard is 6-foot-11 and muscular, and he does strenuous workouts daily. He can handle far more food than the average person.

Still, dear lord, that’s a lot of candy.

This anecdote was part of Holmes’ fantastic story on peanut butter-and-jelly sandwiches’ place in the NBA. I suggest reading it in full.