How much did the Silna Brothers offer to end their deal?

Louis of the ABA disappear. The Silna brothers pocketed $300 million over a span of nearly four decades and then cashed out for an additional half a billion when exasperated NBA owners finally gave up.

What deal did the Silna brothers accept?

With 4 of the 7 ABA teams being accepted, the Silna brothers negotiated a deal that included $2 million in cash upfront, plus yearly TV broadcast revenue equal to 1/7 of the amount received by those 4 ABA teams.

What team did the Silna brothers own?

Carolina Cougars
After an attempt to buy the Detroit Pistons fell short, the Silnas purchased the ABA’s Carolina Cougars franchise with the expectation of moving it into the NBA with the impending merger of the two leagues. On April 26, 2016, Ozzie died of cancer at the age of 83.

What happened to the St Louis Spirits?

The Spirits of St. Louis were a basketball franchise in the American Basketball Association that existed from 1974 to 1976. They were one of two teams still in existence at the end of the American Basketball Association (ABA) that did not survive the ABA–NBA merger.

Can a person Sue a company for silica exposure?

Depending on the nature and conditions of silica exposure, individuals may be able to sue one or more of the following: Individuals suffering from silicosis as a result of faulty tools, materials or safety equipment may be able to file a product liability claim.

How much did the Silnas get from the NBA?

With the NBA expanding to 30 teams, each of the former ABA teams was required to pay the Silnas a 1/196 share (1/7 of 1/28) of total league TV revenue, instead of 1/210 (1/7 of 1/30), giving the Silnas a 1/49 share.

Are there any lawsuits from people with silicosis?

Silicosis patients and families of employees who died of silicosis filed suit and received large settlements from suppliers and employers in dusty trades. During this time period, insurers covering silica-using companies found themselves inundated with lawsuits and claims.

Why did the Silna brothers move to St.Louis?

The Silna brothers moved the Cougars to St. Louis, Missouri, because it was then the largest city in the United States without a professional basketball team and they thought this would make their team more likely to join the NBA. In 1974, the Cougars, roster and all, were overhauled and became the ABA’s Spirits of St. Louis from 1974 through 1976.