NBA takes ‘significant' step toward evaluating expansion, commissioner Adam Silver says
Commissioner Adam Silver said Tuesday night that the league office has been directed by its board of governors to undertake 'in-depth analysis of all the issues around expansion, both economic and non-economic.'
'A lot of analysis still needs to be done, and nothing's been predetermined one way or another, and without any specific timeline,' Silver said.
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The league currently has 30 franchises and last expanded when it added the Charlotte Bobcats, now called the Hornets, to begin play with the 2004-05 season.
Much has changed since — particularly franchise values.
Private equity firm magnate Bill Chisholm recently agreed to purchase the Boston Celtics in a deal that is ultimately expected to be approved for more than $6.1 billion. Financier Mark Walter recently agreed to purchase the Los Angeles Lakers from the Buss family in a deal that valued the team at $10 billion and could eventually value the team at $12 billion.
'I think there is a significant step now,' Silver said, when asked about the league potentially expanding. 'We're now engaging in this in-depth analysis, something we weren't prepared to do before. But beyond that … it's really day one of that analysis. So, in terms of price, potential timing, (it's) too early to say. And again, I think that assumes the outcome of this analysis. It's truly a complicated issue.'
(This story will be updated.)
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