Basketball Deal Really Pays Off

August 2nd, 2006

Basketball

When the American Basketball Association (ABA) was folded into the NBA, the co-owners of one team opted to take a portion of the NBA’s television income, which at the time wasn’t that much. They are still receiving monthly payments, even though they haven’t owned a team since 1976, and it’s been worth about $168 million so far.

http://www.latimes.com/…
(via digg)

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