An announcement was made Tuesday that the NBA and the teams have come to an agreement that will allow them to minimize future financial exposure with a new TV deal on the horizon. The four teams will invest in the Spirits’ entity in exchange for an accelerated up-front payment(1). Read Darren’s article in the link here – Entities reach conditional settlement

—–
Rovell, Darren. “Entities Reach Conditional Settlement.” ESPN. ESPN|NBA, 07 Jan. 2014. Web. 10 Nov. 2014. <http%3A%2F%2Fespn.go.com%2Fnba%2Fstory%2F_%2Fid%2F10258313%2Fformer-aba-owners-get-millions-nba>.

Dno12’s Channel. “ABA Dunk Ontest.” Youtube. Youtube, 28 Jan. 2007. Web. 10 Nov. 2014. <https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DEImVh7zz_F4>.