NBA EXPANSION IS COMING. WOULD YOU PAY $5 BILLION?
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NBA EXPANSION IS COMING. WOULD YOU PAY $5 BILLION?
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This video explores the possibility of the NBA expanding into new markets, specifically discussing the potential for a Las Vegas nba team. Commissioner Adam Silver has talked in the past about Seattle and Mexico City as possible expansion cities as well.
Just a year ago, the expected price for an NBA expansion team was estimated between $2 billion and $3 billion. However, the league opted to wait until finalizing its new media rights deal—a strategic move by Silver that is about to pay off. Despite some recent dips in television ratings, the timing for expansion couldn’t be better, especially in light of blockbuster team sales, a huge $77 billion media rights deal, and soaring team valuations. So, what will it cost to join this exclusive club? The new entry fee is expected to land somewhere between $5 billion and $6 billion.
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