The original ABA was founded in 1967, competing with the well-established National Basketball Association, until the ABA–NBA merger in 1976. According to The NBA Encyclopedia, its long-term goal was to force a merger with the more established league. ABA officials told potential owners that they could get an ABA team for half of what it cost to get an NBA expansion team at the time. When the merger occurred, ABA officials said, their investment would more than double.
Ultimately, four ABA teams were absorbed into the older l
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