Earlier this week, NBA Commissioner Adam Silver made it clear that the league is looking into an expansion plan, and it will be set in motion after the league’s media rights deal is finalized. The NBA and network executives finalized contracts that will make NBC and Amazon Prime Video new partners, while maintaining ABC/ESPN as the home of the NBA Finals, under the agreements that will extend for 11 seasons and be worth $76 billion. Adam Silver said that the process is not done and there are details that he was not able to mention.
The anticipated bidding war for the NBA expansion team expected to be granted to Las Vegas is shaping up to be the most competitive and expensive sports deal in US history. The list of potential suitors spans LeBron James to the company that owns the Red Bull brand. The price tag including an expansion fee and building a new arena has the potential to hit $7 billion, reportedly.
For now, an NBA player can not own a team and play at the same time, but we never know what might happen in the future. Will we see a James family ownership/team-up in the next 5 years? 👀
