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The National Basketball Association, commonly known as the NBA, is the major professional league of basketball of the United States of America. Many of the best basketball players in the world play in the NBA and the overall level of competition is considered the highest in the world. The league was founded in New York, June 6, 1946 as the Basketball Association of America (BAA). The league adopted the name National Basketball Association in the fall of 1949 after a merger with the rival league National Basketball League. The headquarters of the NBA is located in the Olympic Tower at 645 Fifth Avenue in New York. NBA Entertainment and NBA TV studios are located instead in Secaucus, New Jersey.