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The American Basketball Association (ABA) was founded on February 1, 1967, by sports promoter Dennis Murphy and a group of investors, as a competitor of the NBA. It spanned nine seasons and a countless number of franchises before merging with the NBA in 1976.
The ABA distinguished itself from the NBA with what was considered at the time to be a more wide-open style of offensive play as well as a number of other differences--a 30-second shot clock as opposed to the NBA's 24, use of a 3-point basket, an All-Star Game which also featured a Slam Dunk contest. Additionally, the ABA’s first commissioner, NBA Hall of Famer George Mikan, introduced the league’s colorful red, white and blue ball instead of the NBA's brown ball. Despite the league’s freewheeling style of play and exciting players, a lack of a national television contract and continued financial losses ensured the league could not survive.

In 1976, the NBA absorbed four teams: the New York (later renamed the New Jersey) Nets, Denver Nuggets, Indiana Pacers, and San Antonio Spurs. The Virginia Squires, had folded less than a month earlier, missing out on the opportunities a merger might provide. Two other clubs, the Kentucky Colonels and the Spirits of St. Louis were disbanded upon the merger.