Adam Silver, the director of the NBA, claims that development is still being thought through, but the organization is not yet ready to make a decision.
Gold stated that the group has not established an expansion council to handle the process at the conclusion of a two-day Board of Governors meeting in New York, even though he claims the subject will be brought up this year. Interest has turned to rise, with rumors swirling about Las Vegas and Seattle as possible the following two NBA cities, with the team’s 11-year,$ 76 billion media offer now finalized. Some in the group anticipated there would be some discussion of the subject, with other pressing group priorities still unanswered.
” We’re not quite ready yet”, he told reporters. ” There’s certainly interest in the process, ( but ) we’re not there yet in terms of having made any specific decisions about markets, or even frankly to expand”.

Silver emphasized the complexities of development, including selling collateral in the group and how adding teams has an impact on media deals, but that it’s a natural stage for organizations like THE NBA to develop.
” We’ve told serious celebrations,’ Thank you for your interest, we’ll get back to you'”, Silver said.
Silver recently stated that the league may look into expanding when the new media rights agreements and collective bargaining agreements were finalized. As the 2024-2025 year kicks off next month, he will probably continue to be questioned about the subject.
If the group approves a team in Sin City, rights groups, including one led by Las Vegas Golden Knights user Bill Foley, are eager to participate in the meantime.
Previous Seattle Supersonics supporters are hopeful that their hometown may be given a brand once more after the organization moved to Oklahoma City in 2008. Seattle is expected to make an development team’s top bids from Mexico City and Vancouver, while Seattle has been touted as the front-runner.
Some reports have speculated expansion fees could be as high as$ 4 billion, which is average NBA franchise value, according to Sportico’s most recent valuations.
While the debris settles from its significant press package, the NBA, which last expanded with the Charlotte Bobcats in 2004, is still managing another company. The group requested that a judge drop Warner Bros. ‘ complaint last month. Discovery, which brought a lawsuit against the group after it claimed it rejected the league’s corresponding offer for one of the packages included in the future media deal.