He's the popular scapegoat for the demise of the CBA. Our little town of 50,000 had a CBA team that our town supported wholeheartly. Loved em. When Isiah Thomas bought the CBA he just destroyed the whole concept and thus the demise of the CBA.
The CBA is the "World's Oldest League," dating its origins back to April 23, 1946, when it was called the Eastern Pennsylvania Basketball League (1946-47). The league began with six franchises - five in Pennsylvania (Wilkes-Barre, Hazleton, Allentown, Lancaster and Reading) and a sixth team in New York (Binghamton, who later moved in mid-season to Pottsville, Pa.). In 1948, it was renamed the Eastern Professional Basketball League. Over the years, it would later add franchises in several other Pennsylvania cities, including Williamsport, Scranton and Sunbury, as well as place teams in New Jersey (Trenton, Camden, Asbury Park), Connecticut (New Haven, Hartford, Bridgeport), Delaware (Wilmington) and Massachusetts (Springfield).
The Isiah Thomas years (1999-2001)
As of 1999, the CBA had survived for 54 years. That year all the league's teams were purchased by an investment group led by former NBA star Isiah Thomas. The combined ownership plan was unsuccessful, and by 2001, the CBA declared bankruptcy and ceased operations. Several of its teams briefly joined the now defunct International Basketball League.
The popular scapegoat for the demise of the CBA is Isiah Thomas, who purchased the CBA and ran it as a single-entity league, only to abandon it a year later for an NBA coaching job.
The following is a timeline of the events surrounding Thomas' ownership of the CBA:
# August 3, 1999 - Former NBA superstar Isiah Thomas purchases the CBA - the entire league, including all the teams, and its marketing company, CBA Properties - for $10 million. Thomas says that the league will now operate as a single-owner entity, and that the CBA will continue to be the official developmental league of the NBA.
# October 7, 1999 - the sale of the CBA to Thomas is finalized. Thomas paid $5 million up front and agreed to make four additional payments to the CBA's former team owners for the remainder of the debt.
# October 24, 1999 - Thomas announces that there will be salary cuts in the CBA. The average salary of $1,500 per week will be reduced to $1,100 per week, with rookies getting $800 a week. Thomas' reasoning is that by reducing the number of veterans in the league, there will be more young players available for NBA teams.
# January 18, 2000 - For the first time in three years, the CBA holds an All-Star Game. The Sioux Falls SkyForce hosts the event. The All-Star Game also features an All-Rookie game, featuring the CBA's top 16 rookies.
# March 2000 - the NBA offers Thomas $11 million and a percentage of the profits for the CBA. Thomas chose not to sell the league to the NBA. "The NBA made an offer that wasn't what Isiah expected," said Brendan Suhr, a former coach and co-owner of the CBA's Grand Rapids Hoops, "so he decided not to sell the league at that time."
# May 2000 - a CBA All-Star team travels to China for a three-game series.
# June 28, 2000 - Isiah Thomas is offered the head coaching job of the NBA's Indiana Pacers. Since the NBA rules forbid a coach from owning his own league, as it would be a conflict of interest (he could sign the minor league's best players to his NBA team, for example), Thomas has to sell the CBA. On this day, Thomas signs a letter of intent to sell the CBA to the NBA Players' Union.
# In the summer of 2000, after twenty years of using the CBA as its developmental league, the NBA announces it will form its own minor league feeder system, creating the National Basketball Development League (later the NBA Development League). The CBA will no longer be the NBA's official developmental league after the 2001 season.
Full article:
http://en.wikipedia.org/wiki/Continental_Basketball_Association