Adding a GREAT sports story to this list.
This is from when the ABA merged into the NBA. The NBA would absorb four teams from the ABA which turned out to be the Pacers, Spurs, Nugget and Nets while the rest of the league teams would be given a buyout to cease operations.
All the teams took the buyout except for the Silna brothers (Ozzie and Daniel), they negotiated a piece of the TV revenue such that they would receive about 2% of total TV revenue the league took in. The NBA jumped on the offer because there essentially was no TV revenue.
The kicker was that the Silnas would receive that 2% "in perpetuity," forever, so their descendants would continue to get the 2%. The NBA evolved to become the most popular sport in the world for a time and the money followed suit. The Silnas were up to $300 million in payments from the deal before the NBA finally negotiated a $500 million buyout in 2014.
Randomroger
@randomrogerA Few Great Sports Stories
I know I'm forgetting many more.
1. Negro Leagues
I am fascinated by Negro Leagues baseball for quite a few different reasons. One aspect that really resonates with me was that Negro League teams often rented out major league ball parks for their games and the attendance was always jam packed. It turns out that the major league teams relied heavily on this revenue to stay in business. That's Satchel Paige warming up in Yankee Stadium.
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