The United States Basketball League (USBL) was a professional men's spring basketball league. The league was formed in 1985 and ceased operations in 2008. The USBL started in 1985 as one of the first basketball leagues to play a late-spring to early-summer schedule. The league quickly became known as a development league for players, with many players moving up to the NBA and many more playing in Europe after stints here. In 1996, the league made a stock offering, a rarity among sports leagues. However, in later years, the league declined as rival leagues appeared and USBL had a tougher time replacing teams that folded. In the last two seasons, the league was mainly a midwestern league, with teams mainly in Kansas, Nebraska, and Oklahoma. After speculation that the USBL might fold after the 2007 season, the league announced that it would sit out the 2008 season and consider its options for the future. In January 2010, the league expressed hopes to resume play in April 2010. However, no further news has surfaced from the league. The final champions are the Kansas Cagerz, who won the title game on July 1, 2007. History The United States Basketball League was founded in December 1984 by Daniel T. Meisenheimer, a stockbroker from Connecticut. The league management initially planned to schedule about 40 games during the summer, and started to look for new teams to join the newly formed USBL. Former NBA referee Richie Powers was named the league's vice president and director of operations, while Earl Monroe was the commissioner. Meisenheimer introduced a salary cap of $250,000 per team. The teams for the first season were the Connecticut Colonials from New Haven, Connecticut; the New Jersey Jammers from Jersey City, New Jersey; the Long Island Knights from Long Island, New York (owned by Meisenheimer himself); the Rhode Island Gulls from Warwick, Rhode Island; the Springfield Fame from Springfield, Massachusetts; the Westchester Golden Apples from Westchester, New York; and the Wildwood Aces from Wildwood, New Jersey. Several players with NBA experience joined the USBL: among them Ken Bannister, Jim Bostic, Tracy Jackson, Lowes Moore, Eddie Lee Wilkins and Sam Worthen. Other players who played in the 1985 USBL season would later play in the NBA, such as Michael Adams, Manute Bol, Ron Crevier, Spud Webb and John "Hot Rod" Williams. After the regular season ended after each team played 25 games, the league