Indianapolis, IN. The American Basketball Association (ABA) today announced that the upcoming season will celebrate the 50th Anniversary of this iconic, ground-breaking league. "Yes, it was 50 years ago that my partner, Dick Tinkham, and a group of businessmen came up with the idea to create a new basketball league to rival the NBA," stated Joe Newman, ABA Co-Founder. "It started with some magnificent players like Dr. J, George Gervin, Spencer Haywood, Connie Hawkins, Rick Barry, and many other legends and the famous red, white and blue ball. The ABA became so impactful that four ABA teams merged into the NBA (the Indiana Pacers, Denver Nuggets, San Antonio Spurs and the New Jersey Nets). After being dormant for several years, in 2000, the ABA returned and today is the largest professional sports league in the US with 100+ teams anticipated for the upcoming season. The ABA is also the most diversified professional sports league in history with over 75% of its owners being African-American, Hispanic, Asian, women, Native Americans and disabled."