Isaac
Years ago

Set up for life thanks to the NBA

Here's a story that I can't remember having seen on here before. It's about the Silna brothers who, because of a deal with the NBA done in the Seventies, are absolutely raking in the cash with no effort required.

How much? US$100m in the last 25 years, including US$50m in the last four years. They may make as much as US$24m per year for the next few years, and it doesn't end.

Their deal is for the lifetime of the NBA and a cut of every television contract signed and despite a lot of expensive legal attention, the deal appears watertight.

It's a pretty convoluted story, so I'll point you to the ESPN site:

Spirit of ABA deal lives on for Silna brothers

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Glen  
Years ago

Awesome story - I think all business owners hope to score a deal such as this - albeit on a far smaller scale.

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