Kentucky Colonels Team Formation
Dan Issel Signed
Artis Gilmore Signing
On July 17, 1976 the Kentucky Colonels ceased to exist as John Y. Brown, Jr. agreed to fold the Colonels in exchange for $3 million. Brown used the money to purchase the Buffalo Braves of the NBA. The Braves are now known as the Los Angeles Clippers.
The Colonels players were put into a dispersal draft. The Chicago Bulls took Artis Gilmore for $1.1 million. The Portland Trail Blazers took Maurice Lucas for $300,000. The Buffalo Braves took Bird Averitt for $125,000. The Indiana Pacers took Wil Jones for $50,000. The New York Nets took Jan Van Breda Kolff for $60,000. The San Antonio Spurs took Louie Dampier for $20,000.
|Team Information||Team History|
ABA Championships: 1
|*Red is this team's history|