NBA Expansion Appears Inevitable as Commissioner Adam Silver Addresses Potential Markets
ICARO Media Group
In a recent interview on SiriusXM NBA Radio, NBA Commissioner Adam Silver hinted at the increasing likelihood of the league's expansion, offering insight into the criteria that needed to be met before considering additional teams. Silver's comments have sparked speculation about potential new markets, particularly focusing on Las Vegas and Seattle.
During the interview, Silver outlined the prerequisites for expansion, stating, "One was we wanted to get a new collective bargaining agreement done... The other thing we said we wanted to get done is our new media deals." With both objectives accomplished, the commissioner suggested that expansion discussions could now move forward.
While no concrete timeline was provided, Silver noted that the league would first need to finalize its media deals, which are set to expire after the end of the next season. This would provide the NBA with a clearer understanding of future financial considerations and implications.
Addressing specific potential markets, Silver acknowledged the appeal of Las Vegas as a destination, highlighting its growing sports landscape. Additionally, he mentioned the persistent desire from fans in Seattle to see the NBA return to their city. However, Silver emphasized that no commitments had been made to any particular location.
The commissioner also touched upon the importance of maintaining competitiveness within the league and avoiding dilution. He cited the increasing global talent pool, with nearly 30% of NBA players being born outside of the United States. Silver emphasized the need to carefully consider the timing of expansion to ensure the addition of two new teams that would be competitive in the league.
Although the process is expected to be gradual, with key decisions and negotiations revolving around national broadcast rights, NBA insiders foresee expansion becoming a reality. It is anticipated that the league's owners will discuss expansion following the completion of the next media agreement, which is projected to occur in the summer of 2024. Realistically, club approval and implementation could take place by 2025, allowing for sufficient time to establish the expansion teams.
Historically, some NBA owners expressed concerns about dividing broadcast revenue further. However, the potential magnitude of the future broadcast revenue pie has reportedly eased their worries. The inclusion of expansion teams would generate a substantial one-time cash influx for current team owners. It is estimated that the expansion fee paid by new ownership groups could surpass $3 billion per franchise, with the proceeds divided among all NBA teams.
As Commissioner Silver's remarks continue to suggest an inevitable expansion, basketball enthusiasts across the country eagerly await news of potential new teams and rejoice at the prospect of more exciting NBA action in the future.