
There has been a long-standing issue regarding former ABA (American Basketball Association) players not receiving pensions from the NBA. When the ABA merged with the NBA in 1976, only four ABA teams j…
There has been a lon…
There has been a long-standing issue regarding former ABA (American Basketball Association) players not receiving pensions from the NBA. When the ABA merged with the NBA in 1976, only four ABA teams joined the NBA, leaving many players without the required three accrued NBA seasons to qualify for pensions. This left many former ABA players struggling financially in their later years.However, in 2022, the NBA and its players' association approved a $24.5 million program to provide financial support to eligible former ABA players. This program offers "recognition payments" rather tha…