The NBA could put expansion franchises practically anywhere. Kansas City, Missouri There’s an empty spot on the NBA map between Oklahoma City and Minneapolis. At that price, each team would get a $50 million payout to do with what they saw fit. 4 pick, but traded up to No. Seattle's other major advantage? A buyer or a group of buyers purchases a team not from an existing owner, but from the league itself. The Bobcats were announced roughly 18 months before beginning play, but that time frame does not include what were doubtlessly months of negotiations prior. Sending a team back to a preexisting market greatly weakens the league's negotiating power as a whole. There isn't another NBA team within 350 miles of Kansas City. There are significant long-term costs associated with expansion that most teams would strongly prefer to avoid. An NBA expansion team could cost as much as $2.5 billion, as there’s plenty of chatter out there regarding the addition of two teams to the circuit.. While no expansion decision is remotely imminent, doing so while the league is still sorting through the fallout of COVID-19 would likely require some degree of cooperation from the players due to the inevitable negotiations that will take place over a number of other coronavirus-related concerns. The Charlotte Bobcats paid a $300 million expansion fee in 2004. With that in mind, let's dive into everything you need to know about expansion both on and off of the court, starting with the enormous economic ramifications of adding new teams. The NBA is a 30-team league. The price of an expansion team is not set in stone. Think of the new owners as angel investors buying stock in the league as a whole. Setting a market price in 2020 comes with some complications, though. Based purely on potential profit, this was a slight overpay. The maximum salary is defined as a percentage of the cap in a given year. Duncan, representing the Kansas City Burnt Ends, won the first pick in a coin flip and took Kemba Walker. It infuses cash into the business immediately, but dilutes the long-term earnings for any previous investors. Gerald Wallace, B.J. Mexico City: The ultimate wild-card in any expansion talks. Comparing Louisville to Vancouver, in terms of talks over NBA expansion franchises, is just not fair to Louisville. When finished, the new KeyArena will be able to support both an NBA and an NHL team. Adding a new market adds very little value to the league as a nationally televised product because the primary drivers of ratings, such as the existing big-market teams and the postseason, remain unchanged. He is going to be fine. Jan 8, 2021, 9:20am EST The National Basketball Association reportedly is considering the addition of two expansion franchises, reigniting the … These picks were not awarded in the lottery, but were given out by the commissioner. Expansion teams also have picks in the actual NBA Draft. The criteria for each include All-NBA selections, so perhaps the addition of a fourth All-NBA team would offset some of the damage. © 2004-2021 CBS Interactive. The overarching point is that the union could solve many of the problems new teams would present while also reaping the benefits those extra jobs created. At the moment, it would be naive to assume that expansion is imminent, but it would also be naive to assume that owners aren't considering the prospect. It is the second-biggest American market without a team right now (behind only Tampa Bay). It needs to be a certain distance away from other NBA markets so as not to impede on their territory. Not every owner is so fortunate. Houston's Tilman Fertitta needed to take out a $300 million loan at a 13 percent interest rate just to keep his restaurant empire afloat, and his purchase of the Rockets in the first place already left him heavily leveraged. Note the past tense of the word "planned," there, because nothing wrecks plans quite like pandemics. Kansas Legislature should follow Kelly’s lead on medical marijuana, Medicaid expansion By The Kansas City Star Editorial Board February 01, 2021 03:43 PM Broadly speaking, a city needs to hit a few important checkmarks in order to interest the NBA. The city is facing so much economic uncertainty that its NBA dreams may no longer be viable. There isn't another NBA team within 350 miles of Kansas City. Harden’s game may not be too fun to watch for other fanbases, but there’s no denying that the man controls the game when he’s got the ball in his hands. Louisville, Kentucky. For higher-level players, more teams equals more competition for their services, which theoretically drives up price. So far, professional sports have flourished in Vegas league as a percentage the... League has ever expanded into: 20:57 n't another NBA team within 350 of! 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