The national basketball association is notably one of the most popular franchises in the world; and rightfully so. Acquired and ran by big names in the business arena and attracting blue chips and other business magnates in the acquisition of ownership shares, it is no wonder that the national basketball association has carved out a niche for itself, even the Forbes global standings. It has become a sport that attracts a huge following worldwide, with the African- American community especially, being some of its ardent players. It has not only given rise to previously little known turned hall-of-famers but also made a fortune for a significant number of the industry players.
The popular association traces its history back in 1946, when owners of major ice hockey arenas came together to form the Basketball Association of America. Adoption of the name National Basketball Association came after the merger with its feuding and long-time rival association, National Basketball League (NBL). Through the years, it has fought many battles literally, to make a name for itself. Through signings made by its scouts for raw talent in college leagues and the national league, it has continued to grow into the giant super franchise it is today. It is famed for being the pioneer men’s professional basketball league in the world. Currently, the league boasts a whooping 30 teams, 29 from the United States of America (North America, specifically) and one Canadian team. Notably, and to the surprise of many soccer fans the world over, National Basketball Players are the best paid athletes in the world on average!
Not only has the association, through the large number of teams that comprise it and the various industry players, given rise to an enormous number of prominent people, statistically speaking, but has also supported associated businesses and helped them grow into popular conglomerates. Popular sports channels, ESPN ranks on PRNEWSWIRE.COM the NBA among the top five most followed leagues, worldwide. In fact, it’s through the franchise that basketball has become popular, even being confused as the national league by many. The show business, another multi-million dollar business has also invested heavily in the league, raking in millions in profits. Most people have ardently followed the popular television series, ‘Basketball Wives’.
Notable among the most famous NBA coaches of all time include Phil Jackson, Pat Riley, Lenny Wilkens and Don Nelson. In the players list, some of the most memorable names include Kareem Abdul-Jabbar, Michael Jordan, a player who is instrumental in inspiring a crop of many up-coming basketball stars, Shaquille O’Neal, and a current crop of the likes of Lebron James and Kobe Bryant. In the same breath, we can give mention to re-known people who have big stakes in the franchise, wholly or partly owning big teams. Examples are hip hop rappers, Jay-Z and P Diddy (Sean John). Other people of great mention are top executives and chief executives e.g. Tony Ressler and Bruce Levenson, a businessman and NBA team owner most recently known for making a multi-million fortune from the sale of Atlanta Hawks, a team he owned.