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So, despite having expanded to 14 teams just two years before, the NHL hastily awarded a Long Island-based franchise to clothing manufacturer Roy Boe, owner of the American Basketball Association's New York Nets.
Atlantic Yards is Bruce Ratner's Forest City Development and the Empire State Development Corporation's plan to build a New York Nets basketball arena and 17 office and apartment buildings along Atlantic Avenue in Brooklyn, New York.
Strapped for cash due to debts, the Squires traded Warren Armstrong to the Kentucky Colonels for a draft pick and cash, and sold Rick Barry to the New York Nets for $250,000.
In August 1973 Foreman, again motivated by the Squires' indebtedness, traded Erving and Willie Sojourner to the New York Nets for George Carter, the rights to Kermit Washington and $1 million.