What if ...
The current, past, and future ABA Owners, united together, to form a NEW ABA, with the goal of submitting a business proposal to the NBA about making a sizeable $__ donation to the NBA, in return for a REVOCATION of the current ABA license, currently held by the existing ABA CEO & Partner(s), and then granting the license to the NEW ABA?
Just think of the possibilities my friends ... Plus, owners could actually have a $slice of the ownership of the license.
And NOT that the NBA would be open to the proposition above, in any shape, form, fashion or communication ...
But you know how conspiracy theories are the thing to write/talk about these days

Note to Minor League Basketball Fans across America: Wouldn't you like a NEW ABA CEO today!