The American Basketball Association logo of the New York Nets, who made news by signing NBA star Rick Barry to a contract and also later acquiring phenom Julius “Dr. J” Erving in a trade with the financially strapped Virginia Squires. Actually the team kept this logo when it entered the NBA along with other ABA teams who were absorbed by the established league, but lost Erving to the Philadelphia 76ers when their owner was forced to sell the star player to be able to afford the “entry” fee into the NBA. They now play in New Jersey and are known as the New Jersey Nets.