[thinkcontext]

My favorite is the NBA agreeing to pay a percentage of TV revenue in perpetuity to the owners of the ABA team Spirits of St. Louis when the leagues merged. The NBA gave the other ABA teams that they weren't taking $3M but the Spirits held out. The NBA paid out $300M before finally buying them out for $500M in 2014.

https://www.forbes.com/sites/monteburke/2014/01/07/the-nba-f...

[shmuels2]

Interesting twist: those owners also lost a heap of money with Madoff!

[sambroner]

How'd you make your money?

> Oh, I own a basketball team.

Which?

> The St. Louis Spirits.

?!?!