Joe........"the NBA does not own the name ABA"

[Paul S]

Joe is running around telling people that the NBA does NOT own the name ABA. They were gonna use the name ABA one way or another.

Joe went to the NBA and agreed to lease the name for 100k. He had to re-up another 25k when the ABA took 2002 off.

But Joe says the ABA is his and Dicks name, not the NBA's. Basically they paid the NBA this money and signed an agreement after Joe told the NBA "we can use the name...ABA and you can sue us, but we'll win, or we can agree to lease the name and not sue each other"

[Sam Hill]

Link?

I won't believe it until Nostradamus tells me he overheard it on a conference call. :D

[meyes]

When I was working with the Indiana Legends, Joe told me, and others, that he and Dick had leased the rights to the ABA name from the NBA.
Take that for whatever it may be worth.

[preeths]

Wasn't that part of the SEC filings?

[preeths]

Here's what I was looking for. This is from form 10QSB which American Basketball Association, Inc. filed on August 14, 2007. I believe it was the final quarterly report the ABA filed.

Note 6 - Licensing Agreement:


The commercial use of the trademarks “ABA” and “American Basketball Association” by the Company, alone or in combination with other words, phrases and design, is governed by a license agreement with NBA Properties, Inc. (NBA). The scope of the license covers services and products as well as manufacturing, distributing and selling practices. The license contains product quality language. Under trademark law, if a trademark owner issues a license without retaining the right to control product quality, it risks losing its ownership rights to the trademark. Quality Approval provisions require the licensee to cause licensed Services and licensed


Products to meet and conform to high standards of style, quality and appearance. Licensee’s use of the Licensed Marks are deemed approved. Notwithstanding, NBA has discretion, using good faith, to revoke its approval of particular uses of the Licensed Mark that relate to gambling, adult content, or any other subject matter that would damage or reflect unfavorably upon the NBA, any of its member teams, or the Original ABA; violate provisions of the License; or misuse, mutilate, dilute or otherwise tarnish the Licensed Mark. The right to use of the marks under the license discontinues on expiration or termination of the agreement except for sell off of inventory. The agreement can end if the league ceases operations, is no longer owned or operated by a licensee, or if product quality concerns are not corrected after notice. Management believes the Company has complied with the requirements and conditions of the license, intends to meet its requirements and conditions and has received no notice otherwise. All royalties due under the license have been satisfied.

[utahstarsticketholder]

When does this train wreck meet the provision " or any other subject matter that would damage or reflect unfavorably upon the NBA" that would revoke the licensing agreement?
Obviously the NBA cares little about the name "ABA'. Sad, jack.

[nksports]

NBA has discretion, using good faith, to revoke its approval of particular uses of the Licensed Mark that relate to gambling, adult content, or any other subject matter that would damage or reflect unfavorably upon the NBA, any of its member teams, or the Original ABA;

If I remember correctly, one of the ABA team sites had links to adult movies for sale starring the team owner. (I found it)

http://www.oursportscentral.com/services/releases/?id=3671873