SBD/10/Leagues Governing Bodies

ABL, PART II: LEAGUE ANNOUNCES STOCK OPTION PLAN FOR PLAYERS

          The ABL will offer a stock option program that will
     allow its players to own around 10% of the league.  ABL CEO
     Gary Cavalli said that all current players will be granted
     options that will vest over a three-year period.  Options
     will be granted based on contributions to the team and
     league, on and off the court.  New players entering the ABL
     will also receive options.  At the end of each season, about
     half of the players will receive additional performance-
     based grants (ABL).  Cavalli said that the ABL has 10
     million shares of stock, which have risen as high as $2.35
     per share (Dwain Price, FT. WORTH STAR-TELEGRAM, 10/10).
          MORE ABL NEWS: Cavalli said season-ticket sales for the
     league have increased from 8-9,000 last year to more than
     13,000 (THE DAILY)....USA TODAY's Valerie Lister reported
     that ten of the 13 "top collegiate players" signed with the
     ABL over the offseason.  League sponsor Reebok, which will
     outfit all nine teams, will promote the ABL in print and TV
     ads (USA TODAY, 10/10)....Saudia Roundtree, the '96 college
     player of the year, has signed a three-year contract to
     remain with the Atlanta Glory (WASHINGTON POST, 10/10).
          NATIONAL AD: An ABL ad supplement appears in USA TODAY
     with the "Real Basketball" slogan on the cover.  League
     sponsors Reebok and Hartford-based Phoenix Home Life Mutual
     Insurance Co. took out ads (USA TODAY, 10/10).

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