The American Basketball Association (ABA) was founded in 1967 as a rival to the National Basketball Association (NBA), which had been established much earlier in 1946. The ABA sought to attract fans with 4 distinct aspects:
- a flashier style of play;
- the introduction of the three-point line;
- a red, white, and blue basketball;
- and slam dunk contests.
Despite these innovations, the ABA struggled financially, leading to the eventual merger with the NBA. This competition is featured at the bookmaker one x Bet, where great wagers with huge winnings can be made.
Financial struggles and competitive pressures
For example, the Virginia Squires and the San Diego Conquistadors disbanded in the years leading up to the merger. In contrast, the NBA was more stable, with established franchises in major markets and better revenue streams from TV deals. Speaking about streams, the secure live basketball betting from 1xBet also features lots of broadcasts to enjoy the best from this sport.
A fight for survival
On June 17, 1976, the merger agreement was finalized, bringing 4 ABA teams into the NBA. They were the New York Nets, Denver Nuggets, Indiana Pacers, and San Antonio Spurs. The remaining ABA teams were disbanded, and their players were either absorbed into the NBA or became free agents. The merger terms included a $3.2 million expansion fee for each ABA team joining the NBA and the absorption of ABA contracts by NBA teams. At 1xBet you can make profitable betting on basketball teams but also on esports squads too.
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