Gary Steelheads
December 8, 2012
The Gary Steelheads were an Indiana minor league basketball franchise that competed in three different minor professional leagues between 2000 and 2008. Steelheads investors had the misfortune of purchasing a Continental Basketball Association franchise just as the NBA prepared to launch its own proprietary farm league, the NBA Development League (known today as the “G-League”). The NBA’s league undermined the rationale and investment prospects for the remaining independent minor pro basketball leagues, most of which closed their doors by the end of the 2000’s.
