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NBA Expansion Plans Driven By 'Ocean Of Capital' Prepared To Invest

RealGM, Established source6 months agoNBA logoNBA
rumor
front office
Updated 6 months ago

Billionaires and sovereign wealth funds are competing to invest in the NBA as the league moves closer to adding franchises in Seattle and Las Vegas, according to ESPN's Brian Windhorst. Commissioner Adam Silver has not guaranteed expansion, but owner sentiment has shifted decisively in its favor. "The league believes there's an ocean of capital ready to flow into the league, that in fact billionaires and -- in the case of Europe -- sovereign wealth funds, will be competing to buy in," writes ...

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NBA Non-Committal On Whether Las Vegas Needs New Arena For Expansion Team

RealGM, Established source6 months agoNBA logoNBA
rumor
front office

NBA commissioner Adam Silver said Wednesday it remains unclear whether T-Mobile Arena could adequately house an expansion franchise in Las Vegas, as the league formally begins evaluating the city alongside Seattle as its two targeted expansion markets. Silver told the Las Vegas Review-Journal he has attended both hockey and basketball events at the nearly decade-old facility but stopped short of endorsing it as a long-term NBA home. "It's a fantastic facility," Silver said. "But I think that ...

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Knicks' Josh Hart fights for player cut of NBA expansion fee

ClutchPoints, Established source6 months agoNBA logoNBA
analysis
front office

New York Knicks star Josh Hart had quite the take about the compensation players should get for the NBA’s expansion efforts. The NBA made significant noise on March 25. All 30 team owners unanimously agreed to start the bidding process for new franchises in Las Vegas and Seattle. The move for expansion will open the […] The post Knicks’ Josh Hart fights for player cut of NBA expansion fee appeared first on ClutchPoints .

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8 players that every NBA team would protect from an expansion draft

ClutchPoints, Established source6 months agoNBA logoNBA
draft
front office

The NBA’s expansion to 32 teams is a near certainty now. All 30 owners voted unanimously in favor of exploring adding two more teams to the league. Said teams would play in Seattle and Las Vegas, and the next step in the process will be a bidding war to take control of these new organizations. […] The post 8 players that every NBA team would protect from an expansion draft appeared first on ClutchPoints .

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And-Ones: Expansion, Sweet 16, Coaches, All-Surprise Team

Hoops Rumors, Established source6 months agoNBA logoNBA
front office
rumor

Although all 30 NBA governors voted this week to formally explore the possibility of expanding to Seattle and Las Vegas, there are at least two or three owners who have concerns about the financial aspect and aren’t thrilled by the idea of adding two new expansion teams, writes Howard Beck of The Ringer. According to […]

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NBA expansion and Europe league could generate $20B - TalkBasket.net

TalkBasket.net, Established source6 months agoNBA logoNBA
front office
analysis

Expanding the league to 32 franchises while also launching a European competition could generate at least $20 billion for NBA owners, according to Kurt Badenhausen and Eben Novy-Williams of Sportico. Their conservative projection includes roughly $15 billion in expansion fees tied to potential new teams in Las Vegas and Seattle, along with another $5 billion […] The post NBA expansion and Europe league could generate $20B appeared first on TalkBasket.net .

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Kraken CEO promises to make massive bid for NBA expansion team

ClutchPoints, Established source6 months agoNBA logoNBA
front office
rumor

It wasn’t long ago that the Seattle area had teams in only two of the big four North American sports. While the Seattle Mariners and Seattle Seahawks own a big sector, the return of the Seattle Supersonics is one that fans would love to see. Before getting an NBA team, the city first welcomed the […] The post Kraken CEO promises to make massive bid for NBA expansion team appeared first on ClutchPoints .

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'It would be fun': NBA players, coaches seem excited about expansion possibilities

Yahoo Sports NBA, High-authority source6 months agoNBA logoNBA
front office
analysis
Updated 6 months ago

Erik Spoelstra is from Portland. Spoelstra's reaction to Wednesday's news that the league finally is going forward with formal exploration of expansion — and will be looking at Seattle and Las Vegas as the two candidate cities — largely mirrored the thoughts of many in the NBA.

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NBA set to explore expansion bids in Las Vegas and Seattle - TalkBasket.net

TalkBasket.net, Established source6 months agoNBA logoNBA
front office
rumor
Updated 6 months ago

The NBA is taking a major step toward expansion as the league’s Board of Governors approved a vote to explore new franchises in Las Vegas and Seattle, sources told ESPN’s Shams Charania on Wednesday, March 25. The process could see expansion fees reach $7 billion to $10 billion per team. The exploratory vote does not […] The post NBA set to explore expansion bids in Las Vegas and Seattle appeared first on TalkBasket.net .

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Why NBA Commissioner Adam Silver claims Las Vegas, Seattle expansion could still 'not happen'

ClutchPoints, Established source6 months agoNBA logoNBA
front office
rumor

The NBA Board of Governors approved a vote on Wednesday to begin exploring the possibility of adding two new expansion franchises exclusively to the Las Vegas and Seattle markets, the league announced. As part of the standard process to explore expansion, the NBA will evaluate all aspects of each potential market, including hearing offers coming […] The post Why NBA Commissioner Adam Silver claims Las Vegas, Seattle expansion could still ‘not happen’ appeared first on ClutchPoints .

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Heat star Bam Adebayo's 'second home' admission on possible Las Vegas, NBA expansion

ClutchPoints, Established source6 months agoNBA logoNBA
rumor
front office

Bam Adebayo acknowledged Las Vegas as a “second home” as NBA expansion discussions gained traction this week, with the NBA moving forward with plans to explore adding franchises in Las Vegas and Seattle. According to ESPN, the NBA Board of Governors has approved a vote to begin formally exploring expansion into the two markets, a […] The post Heat star Bam Adebayo’s ‘second home’ admission on possible Las Vegas, NBA expansion appeared first on ClutchPoints .

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New video displays latest Pistons Cade Cunningham update

ClutchPoints, Established source6 months agoNBA logoNBA
injury
highlights

The Detroit Pistons have weathered the storm nicely so far with Cade Cunningham out of the lineup due to a scary collapsed lung situation. The Pistons most recently picked up a win over the Los Angeles Lakers on Monday evening, but they still understandably are hoping for good news on their best player moving forward. […] The post New video displays latest Pistons Cade Cunningham update appeared first on ClutchPoints .

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