The National Basketball Association, typically referred to in acronym form as the NBA, is the largest professional basketball organization in the world, and is based out of the Unites States. The NBA has twenty-nine teams in the United States, and one in Canada: the Toronto Raptors. The Association is split into two conferences — the Western Conference and Eastern Conference — and each conference into three divisions.
The Basketball Association of America was founded in June, 1946, in New York City. Three years later, the BAA joined forces with its rival, the National Basketball League, to form what people today know as the National Basketball Association. The name of the NBA has not been changed since the creation of the organization in 1949.
The NBA experienced the most growth in the late seventies and early eighties, when the three point line was added to regular game rules. Larry Bird and Magic Johnson were drafted in the same draft, and started playing in 1979. At the time their careers were over, they scored eight titles, collectively, even though they always played on different teams. In the mid-1980s, Michael Jordan – the greatest basketball player of all time – began to play. Michael Jordan helped popularize the sport tremendously, especially the National Basketball Association as an organization.
Another reason why the National Basketball Association has experienced so much growth into the size it is today is because of the funding that all thirty teams are capable of having. There is no limit as to what an owner can spend on his or her team, except through the payments to its players. Owners can spend whatever they want on arenas, advertising, or any other expense or investment one can think of.
Mr. Bruce Levenson is the former owner of the Atlanta Hawks. Mr. Levenson of brucelevenson.com purchased the Atlants-based basketball club for around five hundred million dollars a few years ago, and recently sold it for right under three quarters of a billion dollars. Talk about one large profit!
The Atlanta Hawks made it all the way to the Eastern Conference Finals last season, where they lost to the Cleveland Cavaliers, largely due in part to Lebron James’ incredible leadership, which were later displayed in the NBA Finals. Mr. Levenson’s savvy business sense and large reserve of money to spend on the Atlanta Hawks helped them become they great team they are today.
The National Basketball Association is recognized by FIBA, which is the other main governing body of basketball. The NBA follows its own set of rules, and sets precedents for United States basketball organizations (although high school and college do have slightly different sets of rules to abide by). FIBA sets rules for international basketball, but the NBA does not follow them, but they are similar.
The NBA’s headquarters operate out of the Olympic Tower in New York City, and is commissioned by Mr. Adam Silver, who was named commissioner in early 2014. The NBA has had one of the best seasons in recent history this past year, and is expected to have just as successful a year this year as last year.