American Basketball Association (2000–present) Coaches

The American Basketball Association (ABA) was a major men's professional basketball league from 1967 to 1976. The ABA ceased to exist with the American Basketball Association–National Basketball Association merger in 1976, leading to four ABA teams joining the National Basketball Association (NBA) and to the introduction of the 3-point shot in the NBA in 1979.

League history

The ABA was conceived at a time stretching from 1960 through the mid-1970s when numerous upstart leagues were challenging, with varying degrees of success, the established major professional sports leagues in the United States. Basketball was seen as particularly vulnerable to a challenge; its major league, the National Basketball Association, was the youngest of the Big Four major leagues, having only played 21 seasons to that point, and was still fending off contemporary challenging leagues (it had been less than five years since the American Basketball League (ABL) shut down). According to one of the owners of the Indiana Pacers, its goal was to force a merger with the more established league. Potential investors were told that they could get an ABA team for half of what it cost to get an NBA expansion team at the time. When the merger occurred, ABA officials said their investment would more than double.

The ABA distinguished itself from its older counterpart with a more wide-open, flashy style of offensive play, as well as differences in rules — a 30-second shot clock (as opposed to the NBA's 24-second clock, though the ABA did switch to the 24 second shot clock for the 1975–76 season) and use of a three-point field goal arc, pioneered in the earlier ABL. Also, the ABA used a colorful red, white and blue ball, instead of the NBA's traditional orange ball. The ABA also had several "regional" franchises, such as the Virginia Squires and Carolina Cougars, that played "home" games in several cities.

The ABA also went after four of the best referees in the NBA: Earl Strom, John Vanak, Norm Drucker and Joe Gushue, getting them to "jump" leagues by offering them far more in money and benefits. In Earl Strom's memoir ''Calling the Shots'', Strom conveys both the heady sense of being courted by a rival league with money to burn — and also the depression that set in the next year when he began refereeing in the ABA, with less prominent players performing in inadequate arenas, in front of very small crowds. Nevertheless, the emergence of the ABA boosted the salaries of referees just as it did the salaries of players.

The freewheeling style of the ABA eventually caught on with fans, but the lack of a national television contract and protracted financial losses would spell doom for the ABA as an independent circuit. In 1976, its last year of existence, the ABA pioneered the now-popular slam dunk contest at its all-star game in Denver.

The league succeeded in forcing a merger with the NBA in the 1976 offseason. Four ABA teams were absorbed into the older league: the New York Nets, Denver Nuggets, Indiana Pacers, and San Antonio Spurs. As part of the merger agreement, the four teams were not permitted to participate in the 1976 NBA Draft. The merger was particularly hard on the Nets; the New York Knicks were firmly established in their arena, Madison Square Garden, and would not permit the Nets to share dates there. For drawing audience away from the Knicks, the Nets were forced to pay $4.3M to the Knicks organization. The Nets offered league superstar Julius Erving instead but the Knicks declined. The Nets had to settle for an arena in Piscataway, New Jersey and, to meet expenses, were forced to sell the contract of Erving to the Philadelphia 76ers.

Two other clubs, the Kentucky Colonels and the Spirits of St. Louis, were disbanded upon the merger, with each getting a buyout: the Colonels received a one-time buyout that owner John Y. Brown, Jr. used to purchase the NBA's Buffalo Braves, while the Spirits owners negotiated a cut of the other ABA teams' television revenues in perpetuity. This deal netted the ownership group of the Spirits over $300M through nearly four decades due to a large increase in television revenues. In 2014, the NBA and the Spirits ownership agreed to phase out future payments in exchange for a one-time payment of $500M, making the total value for the deal over $800M. The seventh remaining team, the Virginia Squires, received nothing, as they had ceased operations shortly before the merger. The players from the Colonels, Spirits, and Squires were made available to NBA teams through a dispersal draft; the four teams absorbed by the NBA were allowed to choose players from this draft.

One of the more significant long-term contributions of the ABA to professional basketball was to tap into markets in the southeast that had been collegiate basketball hotbeds (including North Carolina