Greatest Sports Contract of All-Time

Question 1

greatest sports contract of all-time (8)

Answer 1

• 1976
• aba competing with nba
• silna bros bought nc cougars and moved to st. louis (spirit)
• aba and nba merge, but dont take spirit
• silna bros want portion of “visual media”, 1/7th of 4 aba teams’ tv rev “forever” (impurpituity: existence of franchises)
• silnas bros made $0 first 2 years
• attorney gets 10% of what bros get “forever”
• ‘79 - new era of nba with tv (bros get 1st rev check)

Question 2

all-time, pt. 2 (money) (6)

Answer 2

• ‘97, nba cuts $2.7b tv deal
• 5 yrs later, nba cuts $5.7b tv deal
• 2010: silna bros make $18.5m
• 2012: silna bros make $19m
• since ‘76, bros have made $300m off deal
• expect to receive $90m in next 5 years

Question 3

all-time, pt. 3 (back to court) (7)

Answer 3

• silna’s take nba back to court for anything “visual media” (internet, international broadcast, and nba tv network)
• courts agree with bros
• 1982: offered bros to payout $5m; bros counter offer with $8m
  
  • nba says no
• in process of selling with bros today
  
  • $500m one-time lump sum from nba
  • still get portion of 4 aba tv rev