Chris Hansen’s bid for a new NBA arena in Seattle continued recently, after he bought up a pair of properties in the city’s SoDo neighborhood. His real estate adviser told the Puget Sound Business Journal that the entrepreneur has not given up on hopes of building an arena for a men’s pro basketball team. According to property records, Hansen bought two parcels of land in SoDo for almost $5 million. Any potential arena would still require Seattle’s City Council to sell him part of Occidental Avenue.
More Rumors in this Storyline
Las Vegas might eventually land an NBA team, but expansion or relocation aren’t in the current plans, commissioner Adam Silver said. He will be in Las Vegas for the NBA Summer League, which begins Friday at the Thomas & Mack Center and Cox Pavilion. Various league meetings also will take place, including one involving the Board of Governors in which significant decisions are made. The first two days of the Summer League are sold out. “While we, of course, don’t have an NBA team in Las Vegas, this seems like the next best thing,” Silver said Thursday. “For roughly two weeks of the calendar in July, enormous attention is on the NBA. I believe we account for roughly 30,000 room nights during that two-week period that we’re there.
“While we, of course, don’t have an NBA team in Las Vegas, this seems like the next best thing,” Silver said. “For roughly two weeks of the calendar in July, enormous attention is on the NBA. I believe we account for roughly 30,000 room nights during that two-week period that we’re there. Everybody is seemingly in town both to enjoy the basketball and to enjoy the city.”
Mason Plumlee: It’s time for the NBA to take the next step in its international expansion and bring the NBA to Mexico City. Not for an occasional game. Not for a G-League franchise. But for the full NBA experience. Give tens of millions of fans a rooting interest. Create new opportunities for our players and the local economy. Make a global statement.
Mason Plumlee: I realize Canada has different economic conditions than Mexico, but the Raptors have proven that an NBA franchise is a solid investment. The Raptors are the most valuable pro sports team in Canada (worth around $2B), more than the Maple Leafs and Blue Jays. My guess is that with the right partner, solid infrastructure and a long-term commitment, a Mexico City franchise could be a giant. Some logistics related to taxes, customs and immigration would need to be sorted out with the government, but maybe that could be part of Trump’s secret tariff deal.
The long shot is finding a team. Either one of the leagues would have to expand or an owner would have to move a team to Kansas City. A city spokesperson said Kansas City is not soliciting professional teams, but that it would be happy to land an NBA or NHL team, if the city was approached.
Ryan Wolstat: Grange asks Silver about Canadian expansion: “my answer is the same as it has been for other U.S. cities: we’re just not in expansion mode.” Says at some point will turn back to expansion but not at this time.
NBA commissioner Adam Silver is thrilled with the growth of basketball in Canada, and left the door open for a potential return to Vancouver. Speaking from the NBA’s league headquarters in New York with CBC’s Rosemary Barton on the Sunday edition of the National, Silver spoke in depth about Vancouver — a city he has visited and knows well.
Unlike David Stern, who said “I don’t think we can go back” to Vancouver 10 years ago, Silver provided hope for local hoops fans. “In retrospect, I wish we had a team in Vancouver right now. I think Canada could handle two NBA teams,” said Silver. “I share David’s sentiment that we do have regret. I think we were a bit ahead of our time. There was a moment in the league where prospects seemed down in terms of the team. Attendance was down, ratings were down. I understood from an economic standpoint why the then-team owner (Michael Heisley) wanted to move the team.”
As the league continues to extend its reach across the world going forward, Charlotte Hornets guard Tony Parker envisions a future in which the NBA has teams playing in Europe, whether as part of the current league structure or in a system that would allow successful overseas clubs to qualify for competition against their American counterparts. “Hopefully the discussion will go forward with the NBA. Maybe one day we will have an NBA Europe. Or something like that,” he said in a recent interview with Forbes. “Maybe not a European team playing in the NBA but maybe an NBA Europe where you’ll have an own division and then the winners can play in the U.S. I think that in the NBA they are very interested in the prospect of doing something in Europe. Basketball in Europe is growing every year and is getting better and better.”
Dan Issel has now come full circle with this effort to bring professional basketball back to Louisville where his career began with the Colonels. “We are fighting the perception that Louisville and Kentucky cannot support a professional basketball team,” Issel said. “We have reams of data that proves Louisville, Kentucky, can support a professional basketball team.”
He added that Louisville would have gotten the original Charlotte Hornets team before they ultimately relocated to New Orleans if it hadn’t been for opposition from the former leadership at UofL.
“Bringing an NBA team to Kentucky could heavily stimulate the economy across the entire commonwealth,” organizers say. “The creation of new jobs, potential to attract outside dollars and additional income tax dollars would benefit the entire state of Kentucky — not just the city in which the NBA team is hosted.”
Do you think there’s scope for more games in London, perhaps an All-Star in the future? Bradley Beal: Probably, I wouldn’t even be surprised if they had a team eventually over here. It’d be crazy – I definitely hope it will happen one day. So why not, that’s my opinion!
In an interview with the St. Louis Business Journal last week, Chaifetz doubled down on a statement he made in September and a recent Twitter post regarding a possible NBA franchise in St. Louis. “I’d love to be involved with a team in St. Louis in the NBA. It’d be great for the city,” Chaifetz said. Ten years ago, Chaifetz’ dream of an NBA franchise in St. Louis would have brought forth laughter. But the Rams relocated to Los Angeles and the NBA is now being touted as the American sports league most in touch with younger fans, social media and minority television audiences.
In a wide ranging interview Sunday with the Business Journal, Richard Chaifetz affirmed the sentiment that he thinks St. Louis is an NBA city. Would he be interesting in owning a local NBA team or helping to bring the league to St. Louis? “I’d love to be involved with a team in St. Louis in the NBA. It’d be great for the city,” he said.
Yet after 42 years of tilting at windmills in pursuit of a professional basketball franchise, the 78-year-old attorney J. Bruce Miller remains disinclined to abandon his incomplete quest. Miller still believes there is a billionaire “out there” who can be convinced to bring the NBA to Louisville, and he continues to chase that oft-dashed dream despite his advancing age and amid perceptions of his diminishing influence.
Six months since his acrimonious exit from the NBA2LOU organization, Miller has not stopped working the phones or cultivating potential owners. Previously on record that the NBA2LOU effort cannot survive league scrutiny because of financial issues associated with Signature CEO Joe Steier, Miller is now operating independently and, again, optimistically. “It hasn’t been a lost cause in the sense that it was hopeless,” he said. “We darn near had it two or three times.”
“What I’m looking for is somebody who would do something for Louisville what Danny Thomas did for Memphis,” Miller said. “And I’m not talking, necessarily, about a movie star. What he did with (St. Jude Children’s) hospital changed Memphis, Tennessee. That place is just breathtaking. That’s exactly what I’m looking for: somebody coming in and doing something like what Danny Thomas did for Memphis’ reputation. I think that person is out there.”
If you’ve lived in Louisville for any amount of time, you know this city goes wild for its basketball: high school and, of course, college. “It’s just time for that next step,” NBA Hall of Famer Dan Issel said. He’s leading the charge to bring an NBA team to town. The former UK Wildcat, Denver Nugget and executive updated the public on his dream at a lunch for entrepreneurs Wednesday afternoon. “There have been discussions for years about bringing the NBA to Louisville, but we think the timing is right now,” Issel said.
He knows his plan isn’t a slam dunk. The price tag is hefty. It would take more than $1 billion to bring a team here and another $400 million to get the franchise up and running. “You’d be surprised by how many people, how many groups can write that kind of check,” he told the crowd. He knows his plan isn’t a slam dunk. The price tag is hefty. It would take more than $1 billion to bring a team here and another $400 million to get the franchise up and running. “You’d be surprised by how many people, how many groups can write that kind of check,” he told the crowd.
“It was just awful to me,” he continued. “I still remember granting the expansion franchise (and) I was so thrilled that we had a franchise in Vancouver. “It was never managed to great success.” Stern also believes there’s a chance the NBA might one day return to Canada’s west coast. “I would never say never about anything,” he said. “I’m an observer, so I’m watching from afar as they build a (US)$700-million building in Seattle. Vancouver still has a great building that it had when we were there.”
Vancouver Canucks owner Francesco Aquilini is a rich man, but an NBA franchise looks like it might be out of his price range. At least for now. The billionaire, who grew up in East Vancouver and owns both the Canucks and Rogers Arena, spoke about the possibility of bringing an NBA team to Vancouver in an interview with Sportsnet 650 on Thursday. “There’s been some discussions on [bringing an NBA franchise to Vancouver],” Aquilini said. “It’s obvious because we’ve got a building, it’s plug and play. We still have the hoops. We still have the floor. Everything’s there. The locker room and everything is there. We’ve discussed it.”
A Quebec group wants to bring an NBA team to Montreal even though the league has no current plans to expand. The business group is led by former federal cabinet minister and senator Michael Fortier. He said Wednesday he has spoken with NBA commissioner Adam Silver, saying his group has “taken the decision to prepare for when expansion does take place.” The group has been meeting with potential Canadian and foreign investors
The words unsurprisingly drew applause from the partisan crowd. At halftime, Las Vegas mayor Carolyn Goodman presented Lakers president of basketball operations and luminary Magic Johnson with the keys to the city on “Magic Johnson Day.” When Johnson spoke on the microphone, he shared a dream. “I hope one day Las Vegas gets an NBA team,” Johnson said to roaring applause. Will that happen? “They’re building the stadiums to get ready for it. With the hockey team and WNBA team that is here and Raiders coming in soon, they’re setting themselves up to have an NBA team,” James said. “But I don’t know if it’s now or 10 years from now.”
The NBA does not have any imminent plans to expand its 30-league team or allow a team to relocate. Instead, Commissioner Adam Silver considers it a priority to ensure competitive balance in the league. “It seems like a logical spot in the future,” Kerr said. “But I know there’s a lot more that goes into it.”
The group said that while there is no appetite for adding Montreal or any other city at the moment, their goal is “to be ready the day that opportunity comes along.” They’ve also informed NBA commissioner Adam Silver that while they recognize “Montreal isn’t on anybody’s short list,” they don’t mind being Plan B for now.
A group in Montreal on Wednesday outlined its plan to pursue an NBA franchise. Michael Fortier, former Conservative minister of international trade, and Michel Leblanc, president and CEO of Montreal’s Chamber of Commerce, spoke to reporters about how they hope to land a team in pro basketball’s top league.
Fortier said that while NBA commissioner Adam Silver told his group the league has no plans to expand, he’s confident it will happen in the future. Fortier also said that Stéphan Crétier, president and chief executive officer of GardaWorld, would buy a 10 per cent stake in any potential NBA franchise.
The man leading an effort to bring the NBA to Louisville said he’s not concerned about a recent report that says NBA expansion may not be considered until 2025. Naismith Hall-of-Famer and former Denver Nuggets coach Dan Issel, now president of the Louisville Basketball Investment & Support Group, dismissed an ESPN report last week that cited league sources saying expansion isn’t a concern for the NBA right now.
The local group has been working without any certainty of an expansion timeline. Issel said it could be three years, five years or 12 years before expansion talks heat up. “I’m not going by any unidentified source,” he said. “… We’ll keep doing what we are doing.” Issel did have a hunch, though, that expansion may take longer than he originally anticipated
The Louisville Basketball Investment & Support Group is working now to attract a majority investor and owner who could help generate at least $1.4 billion to start an NBA franchise in Louisville. The organization, known locally as NBA to Louisville, has pledges of at least $3 million for startup costs.
Upstart political party Vancouver 1st released their platform Saturday, and it’s sure to make diehard fans of local sports very happy. “Vancouver 1st is bringing back the NBA,” the party said in a news release.
The party stopped short of promising to negotiate the Grizzlies’ return from Memphis. But they did announce plans to build a world-class NBA stadium in south Vancouver, if elected, which it said “will start a surge of strategic building aimed at establishing a new second core of density designed around principles of transit access, inclusivity, affordability and sustainability.”
The NBA doesn’t have expansion anywhere on its timeline, and Seattle’s arena developments weren’t discussed for a moment at the fall board of governors meeting two weeks ago, league sources said. Some prospective ownership groups that have met with NBA officials have been told expansion may not happen until 2025 at the earliest, when a new TV deal can be negotiated, sources said.
Other than expansion, the wild card for Seattle would be for a current NBA team to relocate. Several prospective ownership groups are watching the Memphis Grizzlies. The city of Memphis has some protections built into the Grizzlies’ long-term lease with FedEx Forum, however lawyers who have reviewed the lease believe there is a possible window for the team to leave in 2021, multiple league sources said.
However, Grizzlies owner Robert Pera would have to sell the team in order to move it under the terms of the lease, and Pera has given no indication he plans to do so. Quite the opposite, actually. Earlier this year, Pera agreed to buy out some of his minority owners at a price that valued the team at nearly $1.3 billion, league sources said. At the time, Pera told season-ticket holders in a statement that “I am committed to Memphis as an NBA market and as the home of the Grizzlies.”
Oak View is planning an ambitious engineering feat, which Leiweke is quick to point out is not a renovation but a new structure. The issue is that the arena’s iconic roof has been designated a national historic landmark and can’t be altered. The arena is also built into the side of a hill in a neighborhood that has turned more residential in the past decade with more than 40 former parking and vacant lots turned into housing as it sits near Amazon’s world headquarters. So to expand the outdated arena, Oak View is planning to dig down and around the roof and several exterior glass walls to gut and expand the building’s footprint. First pegged as a $600 million project, Leiweke told ESPN the price tag is now projected at $750 million.
The Houston Rockets take on the Memphis Grizzlies right here in the Magic City for the first NBA game in Birmingham in 12 years. But before the game tomorrow, people around Birmingham have began talking about the future of Birmingham having their own NBA team. Mayor Randall Woodfin tells CBS 42, “I think we can support anything we want. It’s what we want to be committed to. What we’re willing to put our resources around.”
Dan Issel has followed the money far enough to believe there are buyers. What he doesn’t know, and won’t predict, is when there might be a pro basketball team to buy. The president of NBA2LOU expressed confidence Wednesday night in Louisville’s ability to fund an expansion team, but he conceded that his timetable has grown longer. “Not the least of my worries, but one of my lesser concerns is that when the time comes we’ll find somebody to write the check,” Issel said. “That person is out there. … The challenge we’re going to have is the NBA being ready for us.”
A group of local investors committed to bringing an NBA franchise to Louisville held its first pep rally Wednesday night as talks continue with as many as five investor groups interested in partnering on the movement. The Louisville Basketball Investment & Support Group, also known as NBA to Louisville, held the rally at the Falls City Brewing Co. taproom on East Liberty Street, where members took questions and provided updates to several dozen supporters.
The Louisville Basketball Investment & Support Group is a collective of Louisville investors who are working to attract a majority investor and owner who could help generate at least $1.4 billion to start an NBA franchise in Louisville. The organization has pledges of at least $3 million for startup costs. This was the first official rally for the grassroots movement, but the group plans to host similar events in Lexington and other parts of the state in an effort to build a groundswell of fan support ahead of a possible NBA expansion.
Raptors guard Norman Powell took it one step further, bringing up the idea of returning an NBA franchise returning to Vancouver, something this city hasn’t had since the Grizzlies left for Memphis 2001. “The fans here are just as adamant as they are in Toronto. Sold out crowd, they’re really into it. I really think they should bring an NBA team back here.”
Some around the league see expansion as inevitable, no matter how many times Silver says there are no looming plans for adding teams, since the expansion fee involved would almost certainly cross the $1 billion threshold given current franchise values and the way league revenue, TV ratings and various other metrics tied to general interest in the N.B.A. all continue to trend upward. But maintaining a 30-team league and moving a struggling franchise to Seattle within the next decade might prove to be the easier course.
The movement to bring an NBA franchise to Louisville has added the former head of the city’s chamber of commerce to its board of directors. The group announced Tuesday the addition of Steve Higdon, the former CEO of Greater Louisville Inc. and current chief development officer at Louisville-based Private Client Services.
The board now consists of five members: Higdon, basketball Hall of Famer Dan Issel, Signature Health CEO and president Joe Steier, Dianne Timmering and Sherm Henderson. Steier serves as the group chairman, while Issel serves as its president.
“They’ve got hockey here, and they’ve got WNBA here, the NFL will be here in a couple of years,” Paul George of the Oklahoma City Thunder said. “I think Vegas is built for an NBA team. I think they should be here. It has everything. It’s easy access from the airport down to the Strip. I don’t see why not.”
“Even just from adding an NHL team, they’re doing great things,” reigning NBA MVP James Harden of the Houston Rockets said. “It’s built for it. Obviously, the money is there, but I think the fan support is there as well. We saw that in hockey.”
”I think players like coming here,” Durant said. “I’m sure whatever team they put together would be successful here because of so much support and so many great resources, and it would add on another level of excitement for the NBA, for the game of basketball, so I’m all for it.”
Ben Golliver: Adam Silver: “Expansion is not on our agenda right now… I’m very focused on creating a competitive 30-team league right now… [Our focus is]: What is it we can do system-wise, training-wise to create more competition within this league?”
The National Basketball Association may be returning to the state of Missouri for the first time in over three decades. An anonymous league executive spoke with Jarrett Sutton of SEC Network on Friday and discussed the possibility of the NBA expanding to Kansas City. “Going to be real honest with you, Kansas City will get an NBA team at some point,” he was quoted as saying. “It’s a real thing I’ve heard from multiple sources. Just a matter of time. Seattle and KC to me are [the] most valuable markets for league expansion when it makes sense.”
Speaking at a company analyst and investor day event Thursday, MGM Resorts CEO Jim Murren said he expects the NBA to come to Las Vegas in a few years. Murren sees an NBA team relocating like the NFL’s Oakland Raiders’ pending 2020 move to Las Vegas, and not an expansion team being added, like in the case of the NHL’s Golden Knights.
“I think it’s highly likely that a team, or multiple teams, will be looking to move over the next three years,” Murren said. “We know who they are, that’s why I think it’s highly likely. I would expect that Las Vegas will have an NBA team within the next five years, if not sooner. That team would likely play at T-Mobile (Arena).”
If an NBA franchise does make the move to Las Vegas, Murren said don’t expect the casino giant to have any ownership in the team like it does with the Aces. “We’re not going to be an NBA owner,” he said. “Even if we could, we’re not investing your (investors’) capital that way.”
Speaking at a company analyst and investor day event Thursday, MGM Resorts CEO Jim Murren said he expects the NBA to come to Las Vegas in a few years. Murren sees an NBA team relocating like the NFL’s Oakland Raiders’ pending 2020 move to Las Vegas, and not an expansion team being added, like in the case of the NHL’s Golden Knights. “I think it’s highly likely that a team, or multiple teams, will be looking to move over the next three years,” Murren said. “We know who they are, that’s why I think it’s highly likely. I would expect that Las Vegas will have an NBA team within the next five years, if not sooner. That team would likely play at T-Mobile (Arena).”
During a discussion hosted by the Louisville Forum on Wednesday, WHAS 840 radio host Terry Meiners pointed to the “Bluff City” as “the perfect example” of how two teams could share the KFC Yum Center in Louisville. In Memphis, the NBA’s Grizzlies and the University of Memphis Tigers both play home games at the 18,100-seat FedEx Forum.
Dan Issel said taxpayers won’t have to do any lifting to bring an NBA franchise to Louisville, a sentiment that echoed what Mayor Greg Fischer and state officials recently said regarding the need for private investment to fund the venture.
Issel, who is serving as the president of the “NBA 2 Louisville” initiative, made his comments at the Louisville Forum on Wednesday, stating that “he doesn’t envision” a scenario where public financing would play a role in luring a team to Kentucky. “We’re not looking for a handout,” said Issel.
He said it would cost an estimated $1.4 billion for fees and startup costs to buy into the league, and that the average ticket price would be $46. He said the goal is to raise the money within the next 18 months. So far, the small group of local investors has raised $750,000 for startup costs and NBA league fees and has commitments of up to $3 million, if necessary.
Once upon a time, David Stern’s vision was to expand into Europe, Asia and Africa and make the game global. Now, the next horizon looks as clear and vibrant as a 4K screen: one of Silver’s missions is to bring the game to every fan’s fingertips via smartphones, consoles and computers and reach every corner of the planet as easily as Giannis Antetokounmpo reaches the rim in one stride from the free throw line. The NBA isn’t ready to start a franchise in Europe knowing how international travel would negatively impact players’ rest and health.
David Locke: Is Mexico City a viable NBA city? Adam Silver: Mexico City, I believe, can be a viable NBA city. We’ve played several regular-season games there mid-season. They have a beautiful arena there in Mexico City, obviously a huge, growing fan base—a city of 22 million. It would open up, arguably, a whole country to us in the way Toronto has done for Canada. So it’s something we continue to look at. It would need to be bargained with the players. It’s not about to happen in the next two to three years, but over time, I could see it as a great market to potentially expand to.
Efforts to bring the NBA to Louisville, long seen as a longshot, may finally be shortening the distance to the goal. It’s not yet a layup — far from it — but the percentages should be more promising after Wednesday’s announcement that Dan Issel has joined some of the city’s deepest pockets in pursuit of a professional basketball team.
The Louisville Basketball Investment and Support Group — which includes Brown-Forman chairman George Garvin Brown IV and Matthew Barzun, former U.S. Ambassador to the United Kingdom — has announced the commitment of $750,000 in seed money to chase a dream that has remained out of reach since the Kentucky Colonels folded in 1976.
“Commissioner Silver said the NBA would be flattered that Louisville wanted a team,” Issel said. “He said right now there is no timetable for expansion. That will be their stance until they start accepting applications. … What we want is to be ready to go. If and when they accept applications, we want to be on the top of the pile.”
Does last week’s Seattle City Council vote to approve renovation of Key Arena, or the NHL’s announcement Thursday that Seattle could apply for an expansion team for an expansion fee of $650 million, do anything to accelerate the return of the NBA to the Emerald City? Short answer: probably not. But it isn’t a step backward either.
The NHL confirmed what had been rumored for months at its Board of Governors meeting — Seattle is a definite target for hockey, which has 31 teams and needs a 32nd to balance out both its conferences and its schedules. The NHL will allow members of the Oak View Group, which successfully lobbied the Seattle City Council to approve its plan to spend $660 million to renovate both the Arena and the nearby Seattle Center, to begin a season ticket drive for the potential expansion team. Hockey’s timetable for expansion is thus clearly and substantially ahead of the NBA’s.
Though NBA Commissioner Adam Silver said earlier this year that he believes expansion is “inevitable,” there is no indication among league owners and other sources that there’s any current appetite among NBA owners to add one or two new teams. The obvious reason why is there is no appetite among them to further split the $24 billion from the new national TV deal, which runs through 2024. (As ever, in the interests of full disclosure: Turner Sports, one of the NBA’s national television partners along with ESPN/ABC, runs NBA.com.) “I don’t see expansion,” one owner said this weekend. “A move is the only way.”
However, longtime Seattle sport columnist Art Thiel wrote last week that a source “with knowledge of the league’s long-range thinking” believes the NBA could expand when the current TV deal expires, meaning 2025 at the absolute earliest. Several owners told me a few weeks ago: that while there is strong support for Seattle, there’s just no desire to expand. Thiel’s source said that Seattle and Mexico City were the two current favorites among owners, and the league has done nothing to dissuade the idea that it’s zeroed in on Mexico City as a potential expansion target.
But another said Sunday that talk of adding anyone to the current 30-team mix is premature. Owners remain unenthusiastic when there are still several teams who are losing money in their current markets, even with significant increases in revenues, a new Collective Bargaining Agreement that ensures labor peace through at least 2023 (2024 if neither the players nor owners opt out) and enhanced revenue sharing. “We haven’t discussed expansion,” the owner said. “However, Seattle is a market that I believe the majority of owners would want to be in.”
Seattle has been invited to apply for NHL expansion, commissioner Gary Bettman said Thursday. The NHL’s price for Seattle’s expansion bid: $650 million.
Establishing a G League franchise on Mexican soil would be the latest serious step by the N.B.A. to gain a foothold in Mexico and gauge the viability of putting an N.B.A. team in the largest market in Latin America. While stressing that his league is not actively pursuing expansion or relocation for any of its 30 current franchises, Commissioner Adam Silver has described Mexico City as a natural contender for an eventual N.B.A. team on numerous occasions this year.
David Aldridge: The vote puts the Seattle city government squarely behind OVG, headed by longtime sports executive/AEG CEO Tim Leiweke & entertainment manager/mogul Irving Azoff, instead of billionaire Chris Hansen, who has sought to build an arena in the South Downtown section of the city.
Chris Daniels: BREAKING: @SeattleCouncil votes 7-1 to approve $660m #KeyArena MOU package with @OvgSeattle. It clears the way for a NEW Arena at Seattle Center by 2020, and potential #NHL franchise. More details to come on KING5Seattle. #Seattle
At least one owner raised the idea of expansion in a recent Board of Governors session, citing the massive expansion fee the 30 current teams would split, sources say. The concept of an expansion fee of potentially more than $1 billion can be tempting because it is not subject to splitting 50/50 with the players. Adam Silver, the league’s commissioner, has repeatedly said the league has no short-term plans to expand, though he labeled expansion at some point “inevitable” during a recent interview in The Players Tribune.
An investment group that wants to build a sports arena for professional basketball and possibly hockey has offered to also rebuild KeyArena, the former home of Seattle’s departed NBA franchise. The move Thursday by the group led by investor Chris Hansen is the latest in the long-running debate over building a new arena. Hansen wants to privately build a facility in an area that’s home to venues for the Seattle Seahawks and Seattle Mariners.
When and if the NBA does expand, many of them continue to strongly support Seattle. “I believe Seattle should have the first shot,” one owner said, on condition of anonymity. “I think a move is more likely than expansion, but right now, neither looks likely.”
“I agree with you there are some markets that would be great addition to the NBA but in terms of expansion, I think we need 30 solid teams first,” the second owner said. “If there are teams that are repeatedly losing money every year even after revenue sharing, we must consider moving existing teams to those markets first. Then, once all teams are healthy and making a profit, we can perhaps discuss expansion — but not until then.”
A third NBA owner said the $2 billion price for the Clippers should be “the starting point” for any expansion team’s entrance fee, whether in Seattle or the handful of other cities considered potential candidates for expansion — Las Vegas, Mexico City, Louisville, Kansas City or even Vancouver, which lost the Grizzlies to Memphis in 2001.
Silver was reluctant to put a specific timeline on potential expansion for the NBA or Seattle, but said it was inevitable. Via The Players’ Tribune: I think it’s just a question of when the right time is to seriously start thinking about expansion. Think about the state we’re in the league right now where [it is] amazing to me that, coming off of these Finals, you have some fans saying, “There’s only one good team in the league” And I’m thinking, well, if people really believe that even though we have 450 of the best players in the world, and 450 players can only form one really good team, probably doesn’t make sense to expand in terms of dilution of talent. Now I don’t really believe that, and I think these things correct themselves. And I don’t want to put a precise timeline on it, but it’s inevitable at some point we’ll start looking at growth of franchises, that’s always been the case in this league, and Seattle will no doubt be on a short list of cities we’ll look at.
Spencer Hawes: Our city needs a team!!!#BringBackTheSonics #orjustcreatethemagain
Silver was reluctant to put a specific timeline on potential expansion for the NBA or Seattle, but said it was inevitable. Via The Players’ Tribune: “I think it’s just a question of when the right time is to seriously start thinking about expansion. Think about the state we’re in the league right now where [it is] amazing to me that, coming off of these Finals, you have some fans saying, “There’s only one good team in the league.”
Adam Silver: “And I’m thinking, well, if people really believe that even though we have 450 of the best players in the world, and 450 players can only form one really good team, probably doesn’t make sense to expand in terms of dilution of talent. Now I don’t really believe that, and I think these things correct themselves. And I don’t want to put a precise timeline on it, but it’s inevitable at some point we’ll start looking at growth of franchises, that’s always been the case in this league, and Seattle will no doubt be on a short list of cities we’ll look at.”
Tim Bontemps: Silver says he has “no doubt that, at some point,” the league will turn back to expansion. But that time is not now.
The first major league to play regular-season games in Las Vegas does not plan to do so again anytime soon. Mark Tatum, deputy commissioner of the NBA, said Tuesday that the league does not intend to follow the NHL or the NFL into the desert just yet. “The short-term answer is no,” Tatum said during a session at the National Association of Broadcasters convention at the Las Vegas Convention Center. “We’re not in expansion mode right now.”
Tatum said the NBA will watch closely to see how the Vegas Golden Knights and Las Vegas Raiders fare as the first Southern Nevada entrants in the four major pro sports leagues. “Oh, sure, I think it’s a fascinating story to see,” Tatum said. “Two leagues come in now with two franchises in this market. There’s been so much discussion over the last several years about could Las Vegas sustain a professional franchise. Now we’re going to find out.”
Three separate groups of investors who are interested in financing a professional basketball franchise based in Louisville are reportedly expressing a willingness to help pay to bring Freedom Hall up to NBA standards. That cost may be around $150 million, said Jason Rittenberry, president and CEO of Kentucky Venues, the newly rebranded Kentucky State Fair Board. It oversees the state-owned, 60-year-old Freedom Hall situated in the center of the Kentucky Exposition Center.
In a recent interview, Louisville lawyer J. Bruce Miller said he is working with no fewer than three separate investment groups interested in backing Louisville’s effort to secure a pro basketball team. Miller said each of the three groups is aware that two other groups share the Louisville NBA ambition — but they don’t know who the potentially competing investors are. And Miller isn’t disclosing any names at this point.
Miller said one of the three groups actually would prefer playing at Freedom Hall, while the other two would prefer to play at the KFC Yum Center downtown. However, it’s possible a deal might not be viable to play at the Yum Center, where the University of Louisville has dibs on dates, suites and other considerations that the school probably isn’t anxious to relinquish. That leaves Freedom Hall.
Investor Chris Hansen stressed patience and optimism Thursday in his ongoing effort to build an arena to house a possible NBA or NHL franchise in Seattle’s stadium district. Hansen’s interview with The Associated Press represented his first public comments in nearly two years about the efforts. Hansen acknowledged his investment group was surprised by the City Council’s decision last May to deny a proposed street closure that would have moved the project forward with some public investment.
Storyline Hype Rumor visits per day for the last week
Views per day
August 19, 2019 | 1:43 am EDT Update
Fred Katz: The Wizards and former first-round pick Justin Anderson are working toward a training camp contract, sources tell @TheAthleticNBA .
NBA Insider @ShamsCharania breaks down the Lakers beginning pursuit of Dwight Howard and the factors of motivation and health for the 8-time All-Star.
Shams Charania: The Lakers have been patient in approach since Cousins’ injury, and another accomplished veteran center on the market is Joakim Noah. Howard is expected to be eventually released by Memphis.
The Pacers locker room chemistry, which had been a strength, suffered without Oladipo. The drama surrounding Tyreke Evans, who is now serving a two-year suspension from the league over violating the drug policy, contributed as well. He was on the verge of being cut on several occasions until vets Young, Joseph and Collison stepped in, a league source said. Young spoke openly about giving Evans guidance.
There also was an unhappiness with younger players wanting more of a chance while coach Nate McMillan stuck with older ones, multiple league sources told IndyStar. This kind of friction happens, especially with so many players on expiring contracts entering free agency.
U.S.A. Basketball officials were stunned Saturday morning to learn that De’Aaron Fox of the Sacramento Kings had chosen to remove his name from consideration for the final 12-man roster mere hours before the team’s flight to Australia for three more exhibition games and a handful of practices.