than the city itself. In June 1976, the ABA–NBA merger took place, moving San Antonio's sole professional sports franchise into a new league. The Spurs, the Denver Nuggets, the Indiana Pacers and the New York Nets joined the NBA for the 1976–77 season. The Spurs and the other three ABA teams added in the merger agreed to pay the owners of two other strong ABA teams that folded instead of joining the NBA. John Y. Brown, Jr., the owner of the Kentucky Colonels, received $3 million, which he used to purchase the NBA's Buffalo Braves and later the Boston Celtics, after selling star guard Louie Dampier to the Spurs. The owners of the Spirits of St. Louis received a portion of all television profits during their NBA tenure, which amounted to approximately one-seventh of the Spurs' television profit every year. This agreement placed particular financial pressure on the Spurs and the other three surviving former ABA teams. In 2014, 38 years after the completion of the merger, the Spirits' owners reached an agreement with the NBA to end the perpetual payments and take a lump sum of $500 million instead. 1976–1985: The George Gervin era Although there was some initial skepticism in league circles regarding the potential success and talent levels of the incoming ABA teams, the Spurs would prove worthy of NBA inclusion during the 1976–77 season with a record of 44–38, good for a tie for fourth place overall in the Eastern Conference. This was done in spite of significant handicaps the NBA imposed on the incoming ABA teams, limiting their draft picks and television revenues during their early time in the merged league. They gained a new rival in the form of the Houston Rockets, who had played in Texas for five years prior to the merger. During the 1977–78 season, Gervin battled David Thompson of the Denver Nuggets all year long for the NBA scoring title. On the final day of the season, Thompson took the lead by scoring 73 points in an afternoon game against the Detroit Pistons. That night Gervin knew that he needed 58 points against the Jazz in New Orleans. Gervin got off to a good start by scoring 20 points in the first quarter. In the second, Gervin set a single period record with 33 points. Early on in the third period, Gervin scored his 58 points on the way to