Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Street
The Street
Colin Salao

NBA Commissioner Suggests Las Vegas and Seattle as League's Next Expansion Markets

NBA Commissioner Adam Silver hinted at when and where the league could expand for the first time since 2004.

Silver confirmed during the annual Associated Press Sports Editors Conference in Las Vegas on Monday that the league will focus on league expansion once it secures its next TV deal. The NBA’s current deal with Disney’s (DIS) -) ESPN/ABC and Warner Bros’ (WBD) -) TNT expires after the 2024-25 season.

DON’T MISS: NBA Commissioner Suggests League Could Have a Team in a Third Country Soon

This echoes the same statements Silver said a month ago when doing the media rounds during the NBA Finals. At the time, Silver said the league would shift its focus to the TV deal after finalizing the CBA with the NBA Player’s Association. The two sides officially agreed to the new CBA on June 28.

Silver also spoke about two potential markets that the NBA could go to: Las Vegas and Seattle.

“We will look at this market,” Silver said during the conference, held in Las Vegas congruent with the NBA Summer League.

More NBA Business:

Las Vegas might be an obvious destination for the league that has held its Summer League in Sin City for nearly two decades. It’s also chosen Las Vegas as the neutral site for the championship and semifinals games of its new in-season tournament that will begin next year.

Las Vegas has grown incredibly fast in terms of its sports product with the entry of teams like the WNBA’s Las Vegas Aces, NFL’s Las Vegas Raiders, and NHL’s Las Vegas Golden Knights alongside major sporting events like the upcoming Las Vegas Grand Prix of Formula 1.

On the other hand, Seattle is a market that had an NBA team until 2008, when it turned the Seattle Supersonics into the Oklahoma City Thunder. But many NBA fans in and out of the city continue to cry for another team to represent the northwest region.

“There’s no doubt there’s enormous interest in Seattle. That’s not a secret,” Silver said.

But the commissioner reiterated that the league is not engaging in conversations about expansion just yet.

“What we’re saying to everyone, privately is the same thing I’m saying publicly that there’ll be a very open process at the time already to consider expansion. But that’s not yet. That’s not yet now,” Silver said.

Get exclusive access to portfolio managers and their proven investing strategies with Real Money Pro. Get started now.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.