NBA coughs up $500 million to end rights deal

One of the most lopsided TV rights deals in history has finally been settled in a big pay-off to owners of a team that hasn’t existed for almost 40 years.

The NBA, the largest basketball league in the world, has agreed to pay $500 million to Ozzie and Daniel. The Silna brothers owned the Spirits of St. Louis of the long defunct ABA, a rival league to the NBA in the 1970s.

When ...