MILFORD, CT (December 27, 2007) The United States Basketball League (USBL) has announced the suspension of its 2008 season.
Management has made a decision to increase the number of franchises before it schedules the next season. In addition, the company has retained Colebrooke Capital, a New York investment company, to explore ways to improve the structure of the Company, its sales, growth and shareholder value.
Management will establish goals with Colebrooke and discuss strategies which will enable the Company to improve its capital strategies; identify merger candidates and new acquisition targets; and continue to focus on expansion with the new franchise groups who have expressed interest over the past few months.
This process should reward shareholders and strengthen the USBL financially, stated USBL Commissioner Daniel T. Meisenheimer, III.
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They don't have any teams to play in 2008....I would say that this is probably the end of the USBL...
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ABAish:Not Playing 99% of your games but you satisfy your self less than 50% Lack Of Promotion Of Your Team, Not Paying your players, Playing in a High School with non regulation lines or Half Court, Playing with Wal-Mart Uniforms, Playing with Mismatched Socks, Posting lies about your league, Posting things that are not basketball or really league related, Calling others Unethical and Immoral, Being Joe Newman.500 Charcters suck.
This is bad news.
They did this in like 1989 or something when they skipped a year to 're-organize'. It must be said that the ABA and D-League really killed the USBL. The ABA took the investors of a genuine team and they would go with Newmans schtick and the 80 team line of BS. Factor in the ABA's policy of 'slash and burn' a local market the USBL would be left to pick over the remnants of a disaster.
The D-League really would never had been even invented if the USBL or the CBA had their proverbial crud together. Isiah Thomas' awful management of the CBA and the USBL's inability to maintain itself has done it in.
Real shame. THe league has some name value though. Hopefully the Meisenheimers can get it together. At least they took the high road and didn't call Joe Newman under the 'can't beat might as well join them' thinking.
"If games are missed, it hurts no one" ...... ABA CEO Joe Newman 2/9/09
Due to numerous threats of legal action from certain people.......all of the above is my opinion only and it should be noted that I have never invested in the ABA. It is simply one mans opinion.
League franchises were doing a good job of grabbing D-league assistant coaches and using them as head coaches (Oklahoma, Dodge City) just like they did with CBA coaches a few years ago. We were getting some pretty good D-league talent to play in the league during the summer...not to mention overseas guys and CBA guys...and enough ABA guys that I heard enough horror stories to last me a while.
After seeing the sorry quality of play in the CBA and ABA this year, it's pretty disheartening to see the USBL go under....This was a fun league to be a part of from about 2000 to 2004.
I too am sorry to see the USBL go under. I never actually saw a game but enjoying following the league. I think what really did the USBL in was the ABA and NBA summer leagues taking all the best talent.
The caliber of play in the midwest was pretty good at the end (Jamario Moon played in the USBL last summer)...Renaldo Major...Billy Thomas...etc. The crappy organization of the league kept a lot of good players out of the league the last couple of years.
"Paul S" wrote: The D-League really would never had been even invented if the USBL or the CBA had their proverbial crud together.
Actually, the D-League wouldn't have been invented if Isiah had had the business sense to sell the CBA to the NBA Players when they offered to buy it. That little deal cost him a boatload of money, minor league basketball a bunch of credibility and a bunch of people jobs.