One Lehman Brothers executive, after being let go from the Wall Street firm, bought a Union, New Jersey franchise from a national handyman firm. A franchise was approximately $110,000 with a franchise fee of $14,900, according to a spokesperson for a national handyman franchise.
Remembering When the Spurs drafted David Robinson (& waited 2 years for him to play) Most teams are willing to use a #1 pick on a raw big man who might take a year or so of playing in the NBA before they start to develop into the All-Star type player they are hoping for. But not many would use their #1 pick on a player they wont even get to see in a NBA uniform for 2 years. Then again, most teams with a #1 pick donât have a shot at a David Robinson like the Spurs did. In 1987, the San Antonio Spurs used their #1 pick and drafted big man David Robinson from the US Naval Academy and then waited 2 years for him to finish his commitment to the Navy.
David Robinson was born in 1965 in Key West, Florida. Despite playing just one year of high school basketball, Robinson went to become a star center at the U.S. Naval Academy. Selected first overall in the 1987 NBA draft by the San Antonio Spurs, Robinson didnât play for the club until 1989 because of a two-year military commitment.