Tom McMahon


The Strategy of Bingo. The Excitement of Chess.

08/08/2006

Ozzie And Dan Silna, The Spirits of St. Louis, And Perhaps The Best Business Deal In The History Of Mankind

Ozzie And Dan Silna, The Spirits of St. Louis, And Perhaps The Best Business Deal In The History Of Mankind
Ozzie And Dan Silna, The Spirits of St. Louis, And Perhaps The Best Business Deal In The History Of Mankind

From the LA Times:

Roughly once a month, the NBA cuts 31 checks to NBA teams as revenue from its multibillion-dollar national television contract. There are only 30 NBA franchises, so who gets the extra check?

The money goes to brothers Ozzie and Dan Silna, co-owners of the long-forgotten ABA team, the Spirits of St. Louis. Thirty years ago, Ozzie Silna, with attorney Donald Schupak, negotiated a deal that cleared the way for the ABA to merge with the NBA. It ranks as one of the best sports deals in modern times, one that has paid the Silnas about $168 million and continues to pay off. ...

Part of the Silnas' deal called for them to receive one-seventh of the annual TV revenue from each of the four ABA teams entering the NBA. The deal turned out to be so lucrative that several NBA teams have tried to break it, without success. "We honor the deal," said Donnie Walsh, the Indiana Pacers' chief executive. "I can't say we haven't met and tried to settle it. But it's the greatest deal known to man. What more can you say?"

The key line in the Silnas' TV contract that makes NBA executives cringe reads: "The right to receive such revenues shall continue for as long as the NBA or its successors continues in its existence."

In other words, the deal lasts as long as the NBA does.

That's Ozzie Silna in the photo above. (via Population Statistic)



The Strict Objectivity And Rigid Nonpartisanship Of The American Media

From RealClearPolitics:

Q: The last time we spoke, you told me you're routinely misquoted by newspaper reporters. What are a couple of the more egregious examples? Why does this happen?

Ann Coulter: It happens so much, I don't even keep track of it anymore. The last one I remember was when I said "cutting the tax rate on capital gains seems to have increased tax receipts for fiscal 2006, just as supply-side economics predicted it would." It came out in the paper as, "I worship Adolf Hitler and share all of his goals, especially the 'final solution' to the 'Jewish problem.'"

I have no idea how it happens, given the strict objectivity and rigid nonpartisanship of the American media.



Pacific Yurts

Pacific Yurts
Pacific Yurts

Just like the Mongolians use, but made in the good old US of A! (via Ursi's Blog)



How Candid Camera Got Started

From CandidCamera.com:

When Allen Funt was in the Army in the mid-1940's, it was his job to record the messages of servicemen to be sent to their folks back home. Things always went well in rehearsal, but when the red light came on for the actual taping, the men often became tongue-tied. The solution? Allen simply disconnected the red light and secretly recorded the GIs during rehearsal. After the Army, Allen put the hidden-recording concept to work as a radio show called Candid Microphone. The very next year, 1948, it had its debut as Candid Camera on TV.

(via MentalFloss)




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