Minor League Professional Basketball Standards Meeting a Successful BeginningCHICAGO, Sept. 12, 2011 /via CNBC.com/ — On the heels of the first ever Minor League Basketball Convention in Chicago, leagues from across the nation were represented to develop standards across the country for professional minor league basketball. Through the formation of the United Basketball Federation of America (UBFA), league and team owners hope to change the way basketball is handled in the minors through a unification and adoption of a set of national standards.