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Would you like to know more about Denver Nuggets history and associated cool facts? If yes, continue reading. What is Denver Nuggets? It is a professional American basketball team positioned in Denver, Colorado. The team was started in 1967 as Denver Larks ( the name came from Colorado's state bird) and later changed its name to Rockets fore the opening season.
It started as a charter of the ABA (American Basketball Association) before changing its name. In 1974, its name changed again to the current one, Denver Nuggets, and they played in the final of the ABA Championship title.
What does the word Nuggets mean? The 19th-century gold and silver mining boom in Colorado. The team is a member of NBA (National Basketball Association), Western Conference, Northwest Division.
How did all get started? In the year 1967, a single ABA's charter franchise was given to an organization headed by James Trindle (A Southern Californian business person) in Missouri, Kansas City.
However, he was not able to find an ideal arena around the Kansas City. George Mikan (a league commissioner) suggested that they move the team to Denver. After naming Vince Boryla (former and native NBA player) as the general manager, the team was moved to Denver by Trindle.
The group, Trindle, was bankrupt and so they were forced to post a 100,000 dollars bond. Before the deadline was over, the group sold two-third of the controlling interest to the Denver trucking Bill Ringsby for 350,000 dollars. Ringsby gave the team a new name, Rockets, after company's long-haul.
1976 is the year that Denver Nuggets joined the NBA after the merging of the NBA and ABA.
Around the 1980s, the team enjoyed some good periods as they were able to qualify nine consecutive seasons for playoffs. They had also done the same for the previous ten seasons.
Sadly, the team has not appeared championship round since 1976 where they were still in ABA. Pepsi Center is the home ground where they play their matches, but they share it with Colorado Avalanche.
Denver Nuggets have worn many uniforms throughout their history, including the days when they were in ABA. In the 1970s, the team wore Columbine blue (purple and gold) uniforms.
After joining the NBA, they retained their pick-axe logo that they had while they were in ABA. Home uniforms featured the word "Nuggets" painted in red with a blue oval surrounding a red pick-axe, and blue front-trimmed gold numbers during the letters and blue numbers at the back.
For road uniforms, the painted red was replaced by blue while the letters and white numbers were positioned at the back.
Over the years, Denver Nuggets team has had ownership instabilities most notably in the 1990s. Diversification in sports is what caused the problem in that period.
The construction of Pepsi Centre caused uneasiness to the shareholders. COSMAT agreed to sell Ascent in 1997 to Liberty Media. After a short period, Ascent sold the Nuggets and Avalanche to Walmart heirs Nancy Laurie and Bill for 400 million dollars. Ascent shareholders sued the group for selling cheaply.
That made Ascent re-sell the Nuggets and Avalanche to banking tycoon, Donald Sturm, for 461 million dollars.