Friday, June 29, 2007

Best Business Deal of All Time?

from Darren Rovell of CNBC News

Let's just say there was probably some champagne passed around in the Silna family yesterday. That's because the Silna brothers, Ozzie and Dan, learned that they'll be paid some $ 136 million over the next eight years. The checks will be coming from the Denver Nuggets, the San Antonio Spurs, the New Jersey Nets and the Indiana Pacers.

If you haven't heard the story, it's a classic and is probably the best business deal of all-time.

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When I first wrote about the new NBA tv rights deal, I said that David Stern was a genuis. After all, he got $900 million per year even though regular season ratings on ABC have declined every year since 2002. Now I realize that Dan and Ozzie Silna are the real genuises.