Media Rights

Following the NBA’s Board of Governors meetings in Las Vegas this week, league commissioner Adam Silver stated in a press conference that the idea of expansion is being formally explored, per Kevin Pelton of ESPN. Still, Silver offered plenty of caveats before committing to a timeline.

“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. “We’re going to be as thorough as possible and look at all the potential issues.”

Silver had previously indicated that, after the league negotiated its new media rights deals in 2024, expansion would be studied more thoroughly. A year after the deal was agreed upon, adding teams is at last on the table.

“We’re now engaging in this in-depth analysis, something we weren’t prepared to do before,” Silver said. “But beyond that, as I said, it’s really day one of that analysis. In terms of price, potential timeline — too early to say. And again, I think that also assumes the outcome of this analysis. It is truly a complicated issue.”

The new media deals — splitting broadcasting rights between ABC/ESPN, NBC/Peacock, and Amazon — will begin during the 2025/26 season. While the 11-year agreements with those partners have locked in the league’s national broadcasting plans for more than a decade, the long-term local regional broadcast rights for teams remain an area of concern, the commissioner cautioned.

“We would be malpracticing if we didn’t figure out how local regional television is going to work before expanding,” Silver said. “The notion that we would hand over a team into a city where we’re not currently operating and say, ‘You’re going to have to figure out how you’re going to distribute your games to your local fans’ doesn’t make sense.”

Silver added that the impending sales of two top NBA franchises, the Lakers and Celtics, for a combined valuation of $16.1 billion, have helped affect the league’s value, even with local TV deals being so tenuous, notes Tim Reynolds of The Associated Press.

“There’s no question that those purchase prices have an impact on any economic analysis of teams, so it doesn’t necessarily complicate it more, but it certainly is an indication of value,” Silver said. “And one other factor we have to look at: we’re trying to think what is the value of expansion, what does it mean to dilute the existing equity, and how additive is this potentially to the league by adding an additional team.”

Another NBA franchise, the Trail Blazers, is currently up for sale. As Sean Highkin of The Rose Garden Report (Substack link) relays, Silver made it clear he wouldn’t want a new owner to relocate the franchise.

“It is our preference that that team remains in Portland,” Silver said. “We’ve had great success in Portland over the years. I don’t have a specific update on the process, but I know it is underway and there are groups that are actively engaged with the estate. One of the factors there is that the city of Portland likely needs a new arena, so that will be part of the challenge for any new ownership group coming in. But it would certainly be our preference for that team to remain in Portland.”