ABA–NBA merger

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The ABA–NBA merger was a major pro sports business maneuver in 1976 when the American Basketball Association (ABA) combined with the National Basketball Association (NBA), after multiple attempts over several years. The NBA and ABA had entered merger talks as early as 1970, but an antitrust suit filed by the head of the NBA players union, Robertson v. National Basketball Ass'n, blocked the merger until 1976. As part of the merger agreement, the NBA agreed to accept four of the remaining six ABA teams: the Denver Nuggets, Indiana Pacers, New York Nets, and San Antonio Spurs. The remaining two ABA teams, the Kentucky Colonels and the Spirits of St. Louis, folded, with their players entering a dispersal draft. A seventh ABA team, the Virginia Squires, had hoped to enter merger talks as well at the time, but ultimately folded operations a month before they could officially do so due to a failed assessment payment to the ABA during the 1976 ABA Playoffs despite them already not being in the playoffs that year.