Sunday, June 01, 2003

TALK ABOUT GETTING IN ON THE GROUND FLOOR: Read the story of the Silva brothers, former ABA owners who will be getting paid by the NBA for the rest of their lives. See, they signed a deal when they folded their franchise during the merger (the Spirits of St. Louis) that they'd the combined television revenues of the four ABA teams in perpetuity--which of course amounts to millions today. And so: "In other words, the Silna brothers will make more money than the vast majority of NBA teams every year -- without expenses, overhead or headaches. Of course, had they kept their franchise, it probably would have appreciated to more than the $100 million they have made since 1976."

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