Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Download this Issue


Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

This collection, digitized in collaboration with the Michigan Daily and the Board for Student Publications, contains materials that are protected by copyright law. Access to these materials is provided for non-profit educational and research purposes. If you use an item from this collection, it is your responsibility to consider the work's copyright status and obtain any required permission.

May 17, 1977 - Image 16

Resource type:
Michigan Daily, 1977-05-17

Disclaimer: Computer generated plain text may have errors. Read more about this.

Page Sixteen THE MICHIGAN DAILY Tuesday, May 17, 1977
NBA newcomers slip financially

By The Associated Press
NEW YORK -- The four teams to sur-
vive the demise of the American Bas-
ketball Association are finding the price
of survival to be costly indeed.
Our four newest members have fi-
nancial problems, in some instances
quite serious problems," said National
Basketball Association Commissioner
Larry O'Brien, referring to the Denver
Nuggets, Indiana Pacers, New York
Nets and San Antonio Spurs.
THE PROBLEMS, serious enough to
force the teams to seek relief from the
NBA, are an outgrowth of the agree-
ment by which the four clubs became
part of the league last summer.
Tn return for places in the pro hasket-
ball establishment, the four ex-ABA
teams agreed to pay an entrance fee of

$3.2 million each; to buy out the Ken-
tucky and St. Louis ABA clubs which
were not part of the merger; to pay
legal costs and fees needed to pave the
way to merger, and to forego sharing
in television revenues until the current
contract with CBS is completed.
These other factors push the entrance
fee upwards of $5.5 million, not counting
the lost TV revenue or the territorial in-
demnity - estimated at $2 million - the
Nets had to pay the New York Knicks.
A PAYMENT OF $200,000 per club, the
last part of the $3.2 million, is due June
1. The four clubs asked for a delay, but
were turned down by the league's fi-
nance and advisory committees.
"Since then, some of the clubs have
requested the league review their situa-
tions individually it hopes that the

league might consider some modifica-
tions," O'Brien said. "These reviews
will take place at the annual Board of
Governors meeting in Sin Diego June
Built into the June 1 deadline is a 30-
day grace period, so the teams don't
actually have to come up with any
money until June 30.
DENVER LED THE league with
attendance of over 700,000 but had to
cancel a proposed stock sale because
of a shaky financial outlook. Indiana is
up for sale, which is nothing new for
that franchise.
The Nets have always had money
problems, or else they'd still have Julius
Erving. And San Antonio, despite show-
ing a profit for its first season in the
NBA, has problems because of the com-

mitments it made jointly with its other
ex-ABA brethren,
"We have not had our head in the
sand," O'Brien said. "We will make ev-
ery effort to see that these problems
are resolved.
"TO THIS MOMENT, the four teams
have fulfilled all their obligations. They
have acquitted themselves admirably
as freshman members of the league.
"Their problems do not relate to the
N1A directly or to the 18 older NBA
teams. These are commitments the
teams made of their own free will and
volition when they came into the league,
Naturally, the NBA has a serious inter-
est in and concern for their problems.
"These problems are endemic to
sports," added O'Brien. "Nothing is ever
completely halcyon."

Spt4 "6 tWr (Zailj
Buckeyes slice up golfers
Ibefending Big Ten champion Ohio State showed the Mi
golf team the stuff it's mode of last weekend as it down
Wolverines, 762-771, in a 30 hole tournament on Michigan's
Michigan, led by sophomore Frank Sims' one-over par 7
a four-stroke lead over Ohio State after Friday's first rom
on Saturday the Buckeyes found the bullseye as they shot e
total of 374, 14 strokes better than their first round total.
The Buckeyes were led by Ralph Guarasci, whose 74
149 score notched medalist honors for himself. Tim Von
geren paced the Wolverines with a 79-74-153. Sims
looned to an 81 on the second day, but his score of 154
lo still second best among the Michigan players.
Guarasci, coincidentally, was medalist in last year's B
championship tournament, which is on tap again this coming
end at Michigan State's Forest Akers Course. Michigan
well there two weeks ago, placing -fourth in the Spartar
tational. But the Buckeyes won that tournament too.
"It should be a little bit closer than in the past, but Ohic
has to be considered the favorite," said assistant coaci
Lipe, assessing the Big Ten championship. "After that it
be a toss-up for second place between 'Michigan and Indiana.
Lipe added that "anyone can get hot, though." The
tournament starts this Friday.
Netters named for nationals
Michigan's mens tennis team was one of 16 schools selec
participate in the 1977 NCAA Division 1 Tennis Championsh
was announced yesterday.
UCLA, which tied with USC for last year's NCAA tear
and ended this season with a 15-1 record, was seeded No. 1
year's team competition.
Trinity was seeded No. 2, followed by No. 3 Stanford,
Miami of Florida, and No. 5 SMU.
Sixty-four players were also picked to compete for
singles scrown and 32 teams were chosen for doublesp
Matt Mitchell of Stanford was seeded No. 1 in singles,
Mitchell and teammate Perry Wright were selected for
top doubles spot.
Team play is scheduled for May 23-26 at the Univers
Georgia. Singles and doubles competition takes place May
The Wolverines are returning from Texas today, where
have just completed five matches in seven days. The netters
ped their first match to Texas Christian last Tuesday at
Worth, but they rebounded to defeat Baylor and Rice. On
day the Wolverines were defeated by Texas, and they con
their trip with a late match against Pan American yesterday
Knight takes a stand
SAN DIEGO-Bobby Knight, the Indiana basketball coach
the departure of some of his top players "isn't all bad."
The latest to leave was Derek Holcomb, a 6-foot-11 fres
who reportedly found Knight's coaching program too intense.
coaches' clinic Sunday in San Diego, Knight spoke on the si
of "Motivating Your Players."
"I motivate them all right," said Knight. "I motivated
guys to quit-which isn't all bad."
He did not elaborate. Six players have left Indiana sine
Hoosiers woon the NCAA title in March 1976.


On the nose
All retains crown

and By The Associated Press
the LANDOVER, Md. - Muham-
Major LeagueStand gS mad Aliposed and postured
but punched enough to retain
ity of , . . :::':- : -# - -:....: .. .::.. - :::>::: .:.. ::. :-, the world heavyweight cham-
28-30. AMERICAN LEAGUE NATIONAL LEAGUE pionship last night with a unani-
they East East mous decision over Alfredo
lrop- r w L Pet, GB sWr L Pet, G E v a n g e l i s t a, a 22-year-
drp Baltimore 17n1us.ton - Pittshurthi 22an a71nit
Fort New York 18 13 .581 Chicago 20 11 .645 2 old Spaniard who never quit
Satur- Boston 17 13 .567 1 St. Louis 20 12 .62ni n trying.
luded Milwaukee 17n.100 3 Philadelphia 17 13 .56 4 i Ali had it when he needed it
eldd Detroit 14 18 A38 5 Montreal 13 it 48 but there were several times
. Toronto 14 20 .412 6 New York 11 20 .35511
CORTS Cleveland 12 s 00 6 west during the 1$ rounds that the
west Los Angeles 26 8 .764 - self - proclaimed greatest ap-
Minnesota 22 11 .667 - Cineinnati 14 0 A.438 11 peared to be more shadow than
Chicago 20 12 .625 1 san Francisco 13 19 .406 12
Texas 16 14 533 4'S Houston 13 20 .394 12B substance.
Kansas city 17 16 .515 5 San Diego 14 23 .378 13 t BUT IT was the 35-year-old
Oakland 16 17 .485 6 Atlanta 10 24 .294 16 champion's experience and
says California 15 19 .441 7' Yesterday's Resuits
Seattle 11 17 .lit 13!S Chicago 5, tan meto 6 silecletlf adta
Late games not included Phitadelphia i0, Los Angeles 6 carried the day in his first
hman Today's Games Today's games fight since his disputed deci-
At a New York (Hnter, 1-2) at Oak- an Diego (Grifi, 3-1) at Chi- sion victory over Ken Norton
landvitr Ke (Blur, 3-3) eago (Bonham, 4-2)
ubject Detroit (Rozema, 3-0) at Texas Los Angeles (Sutton, 5-0) at last Sept. 28.
(Alexander, 4-1) n. Philadelphia (Christenson, 3-3) n. Judges Terry Moore and Ray
Toronto (Jefferson, 0-3) at Mil- Montreal (Warthen, 1-1) at At- Klingmeyer each scored it 72-64
some waukee (Travers, 3-4) n. lanta (Easterly, 0-0) a.yy
Cleveland (Fitomoerrs, 2-4) at Pittsburgh (Candelaria, 4-0) at for All. Referee Hlarry Cec-
Minnesota (toly, 2-0) n.. Cincinnati (tilingham, 4-2) n. chini, handling his first title
e the Boston (Jenkins, 4-2) at Cali- San Francisco (Montefusco, 2-5) fight after 35 years in the busi-
fornia (Simpson, 2-3) n. at New York (Koosman, 2-4) n. for the
Baltimore (May, 4-3) at Seattle St. Louis (Rasmussen, 2-4) at ness, scored 71-65
-AP (Pole, 0-1) n. Houston (Bannister, 1-3) a. champ.

Back to Top

© 2022 Regents of the University of Michigan