On April 4, 1976, in St. Louis, the Kentucky Colonels beat the Spirits of St. Louis in overtime, 106-105, despite St. Louis having 32 points from Moses Malone. It turned out to be the final Spirits of St. Louis home game. The Spirits lost their final game on the road two days later to the Virginia Squires, 120-116. On April 12, the Kentucky Colonels played their final regular season game, a 100-99 win against the Indiana Pacers. The Colonels then beat the Pacers in the ABA quarterfinals but then lost a tight 7 game series to the Denver Nuggets in the ABA semifinals. The last Colonels home game was on April 25, 1976, a 119-115 double overtime win to tie the series with Denver 3-3 (after Kentucky, up 2-1, lost by 2 in Game 4). The Colonels final game was a 133-110 loss in Denver in Game 7. The Nuggets then blew a 22 point third quarter lead in Game 6 of the ABA Finals to the New York Nets on May 13 in the final ABA game. David Thompson scored 42 for Denver in that final game; Julius Erving had 34 and 37 in the two prior, and Thompson had 32 in Game 1.
The Colonels were sixth in all of pro basketball (NBA included) at the time.
In the ABA-NBA merger later in 1976, the Kentucky Colonels' owner, John Y. Brown Jr. (later governor of Kentucky) accepted $3 million to fold his team instead of joining the NBA. He used the money to buy the Buffalo Braves (now the Los Angeles Clippers) and parlayed that later into ownership of the Boston Celtics. The savvy owners of the Spirits of St. Louis cut a deal worth 250 times as much. In addition to money up front and for selling the rights to their players (such as Moses Malone), the San Antonio Spurs, Indiana Pacers, Denver Nuggets, and New York Nets each agreed to give the Spirits' owners (two brothers) one seventh of their television revenue, in perpetuity. The brothers made around $250 million from that until they finally agreed to give up that revenue in exchange for a one time $500 million lump sum payment from the NBA. It is probably the greatest deal in the history of sports: the Spirits of St. Louis never played a game in the NBA but made more than $750 million from the league.
As a result of the Spirits of St. Louis, the legend of the NBA's ghost team, the Utah Rockies, is based in truth:
The Colonels were sixth in all of pro basketball (NBA included) at the time.
In the ABA-NBA merger later in 1976, the Kentucky Colonels' owner, John Y. Brown Jr. (later governor of Kentucky) accepted $3 million to fold his team instead of joining the NBA. He used the money to buy the Buffalo Braves (now the Los Angeles Clippers) and parlayed that later into ownership of the Boston Celtics. The savvy owners of the Spirits of St. Louis cut a deal worth 250 times as much. In addition to money up front and for selling the rights to their players (such as Moses Malone), the San Antonio Spurs, Indiana Pacers, Denver Nuggets, and New York Nets each agreed to give the Spirits' owners (two brothers) one seventh of their television revenue, in perpetuity. The brothers made around $250 million from that until they finally agreed to give up that revenue in exchange for a one time $500 million lump sum payment from the NBA. It is probably the greatest deal in the history of sports: the Spirits of St. Louis never played a game in the NBA but made more than $750 million from the league.
As a result of the Spirits of St. Louis, the legend of the NBA's ghost team, the Utah Rockies, is based in truth:
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