pg.acq.push(function() { pg.acq.push(function() { window.googletag.pubads().addEventListener('slotRenderEnded', function(event) { We sell out every single MLS game in this town, for God’s sake. What are your thoughts on Seattle and Vegas getting new teams? hitType: 'event', The NBA operates on a soft cap, meaning they set a level that teams can exceed. }) The NBA-ready arena, Bell Centre, can also hold up to 22,000. Fans in Seattle have clamored for the NBA’s return since the SuperSonics departed, and billion-dollar Climate Pledge Arena soon will host the NHL’s Seattle … eventCategory: event.slot.getSlotElementId(), Rebrand clippers in Seattle and add teams in Vegas and Louisville. "I think I've always said that it's sort of the manifest destiny of the league that you expand at some point," he said. Speaking to the salary cap of the NBA, a differing breakdown is utilized when compared to other professional sports. The league launched with eight teams in 2001-02. It makes so much sense to have an NBA team here, especially since the NBA Summer League has been so successful here. However, there was also this question by Twitterati if adding new teams was a solution. It makes so much sense to have an NBA team here, especially since the NBA Summer League has been so successful here." window.googletag.cmd.push(function() { }); eventCategory: event.slot.getSlotElementId(), } Many G League hopefuls – including a number of NBA veterans – are eligible to be selected in the NBAGL’s 2021 draft, which will take place on Monday. Expansion of NBA rosters amid pandemic? if(document.querySelector("#google_image_div")){ However, the city may look for another league as they are already a part of the NHL (Vegas Golden Knights) and the NFL (Las Vegas Raiders). document.querySelector("#google_image_div").addEventListener('click',function(){ Minnesota Timberwolves sale: How much is the NBA team worth. "Look at that giant gap in the middle of the country. Since Silver’s comments, there’s been plenty of chatter about expansion markets and the financial impacts of expansion. ga('ads.send', { "We already know Seattle and Vegas, Send Memphis and NO to the eastern conference," read one of the tweets. The NBA is willing to bring on expansion teams, if you can afford the $2.5 billion price tag. }) }); Some felt Kansas City would be a solid team to have. ga('ads.send', { With no fans in arenas, the profits took a tumble, and even though there is no price tag the league has accurately offered, ESPN's Brian Windhorst says the NBA has been considering an expansion fee of 2.5 billion apiece for two new teams, "with multiple offers expected from Las Vegas and Seattle-based groups." Also read | NBA tells teams that rules on mask-wearing will get tougher. The NBA and NBAPA are in discussions that will grant teams an additional two-way spot, allowing roster expansion, according to ESPN’s Adrian Wojnarowski:. With a larger metro area than Vancouver it makes perfect sense for NBA expansion or an NBA relocation team. document.querySelector("#adunit").addEventListener('click',function(){ }); hitType: 'event', Tampa maybe? Last year, the NBA faced a loss worth billions of dollars due to the COVID-19 pandemic. Players. One of the many problems of the COVID-19 impacted season … Now? Seattle Mayor Jenny Durkan spoke with KING 5’s Chris Daniels about the city’s chances of landing a NBA expansion team in the near future. eventAction: 'click_adunit' ESPN’s Brian Windhorst detailed both sides of the market forces that could dictate the NBA’s potential expansion. Though an NBA expansion might help teams, COVID-19 might not help the situation. That’d be $166,666,667 for each of the existing 30 teams. As seen when the first batch of expansion teams were added, many new faces joined the league. pg.acq.push(function() { Technically, the expansion fees are split evenly among the 30 teams that exist currently and the players do not get a cut out of this. As of now, cities like Las Vegas and Seattle have been mention. The NBA isn’t expected to consider adding teams until after the 2021/22 season at the earliest. For years, fans have been constantly hoping for a new NBA team, especially one in Seattle. }); Also read | NBA 2K21 1.07 update patch notes make visual change to The Park. Two-way contracts for the 2020-2021 season work a little differently than two-way contracts of previous seasons. NBA expansion news: League asks Las Vegas, Seattle for $2.5M each to curb COVID-19 losses? if(document.querySelector("#ads")){ media-tech companies with hubs around the world. },false) Who is to say what a bidding war might bring if the NBA announced a two tiered expansion plan: Two teams in 2020-21; and two more in 2021-2022, which would bring the size of the NBA to 34 teams. } Also read | Luka Doncic goes past LeBron James in elite NBA list with triple double vs Rockets. Notifications can be turned off anytime from browser settings, The NBA has been considering an expansion fee of 2.5 billion apiece for two new teams 'with multiple offers expected from Las Vegas and Seattle-based groups'. NBA expansion: According to recent reports, the league has apparently asked Seattle and Las Vegas $2.5 million each for expanding the league after 16 years. PM Modi chairs high level meet at Parliament; Amit Shah, Narendra Tomar present, 4G mobile internet services restored in entire J&K after 18 months, 'No Chakka-Jam in Uttar Pradesh & Uttarakhand, apart from Delhi', says Rakesh Tikait, Kangana Ranaut speaks to Arnab Goswami, Exposes 'Godfather of plan' to defame India. window.adsContainer = 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As per reports, this has caused the NBA to consider an expansion – which will bring in billions of dollars. eventAction: 'render' By Jared Weiss Jan 16, 2021 10 With postponements becoming a nightly occurrence across the NBA, is it time to expand the league’s rosters? The most recent examples of the expansion of the NBA are the Charlotte Hornets and Miami Heat in 1988, Minnesota Timberwolves and Orlando Magic in 1989, Toronto Raptors and Vancouver Grizzlies in 1995 (who relocated to Memphis in 2001), and New Orleans Pelicans in 2002. ... 2021 5:57 PM . eventAction: 'view' ga('ads.send', { MEAWW brings you the best content from its global team of ... Jan 15, 2021 Updated Jan 15, 2021, 8:36am CST. hitType: 'event', The latter has already been a part of the NBA as the Seattle SuperSonics – who won three conference titles and the 1979 NBA title before relocating to Oklahoma City (2008). For the 2018-19 NBA season, teams were capped at just under $102 million, a couple million higher than last year’s average. — Adrian Wojnarowski (@wojespn) January 15, 2021 As explained by Woj, the roster expansion would allow for a third two-way contract slot for each NBA team. The NBA Is Sleeping on St. Louis as a Possible Expansion Market by William Pitts on January 9, 2021 For the first time since 2004, the NBA has seriously considered the possibility of expansion . But with COVID-19 ... two-way players are allowed to practice with their NBA teams … eventCategory: event.slot.getSlotElementId(), Additionally, players will no benefit from the $2.5 billion. Teams can currently fill their 16th and 17th roster spots only via two-way contracts. If you have a news scoop or an interesting story for us, please reach out at (323) 421-7514. Expansion would help the NBA’s owners recuperate some of the revenue lost during the pandemic. eventCategory: event.slot.getSlotElementId(), Yes. }); Reports also mention that with the $2.5 billion price, the current 30 teams will receive $167 million each. However, with the Covid-19 impact, this could be worth the risk. }); NBA Commissioner Adam Silver addressed the possibility of expansion when the 2020-2021 NBA season launched in December, saying that it was within the realm of future possibility but not a front-burner issue for the league. Last Updated: 6th January, 2021 11:25 IST NBA Expansion News: League Asks Las Vegas, Seattle For $2.5M Each To Curb COVID-19 Losses? To help teams deal with COVID-19 losses, the league is considering the move, apparently asking for $2.5 billion from each team. Reports are hinting at Daniel Straus as a potential new owner, who is in talks with Taylor about the team. Can someone explain to me how adding two more teams help deal with financial losses?The financial loss is due to fans not being able to attend games so a major revenue stream is not available.Adding two more teams and more games without fans only increases the financial loss. We are one of the world’s fastest growing Now? },false) Around six months ago, it was reported that Glen Taylor wanted to sell the Minnesota Timberwolves. reporters on a platform technologically tailored to meet the needs of the modern reader. The NBA G League welcomes a 28th team for the 2019-20 season in the College Park Skyhawks, affiliate of the Atlanta Hawks. let gads_event; Last month, NBA commissioner Adam Silver also spoke about a possible expansion. More teams makes for a greater spread of talent, thus reducing the likelihood of teams utterly decimating the other franchises. — Legion Hoops (@LegionHoops) January 5, 2021. window.googletag.pubads().addEventListener('slotOnload', function(event) { hitType: 'event', ESPN's Brian Windhorst reported that the league could charge a $2.5 billion expansion fee, generating $5 billion in total if the league jumped from 30 teams to 32. Timberwolves star Kevin Garnett was also a potential buyer. With Season 4 coming up and no news or hope of expansion, this has impacted the ecosystem of the Overwatch League. We already knowSeattle and VegasSend Memphis and NO to the eastern conference. For the first time since 2004 (Charlotte Hornets), there could be an NBA expansion draft. The Internet had its share of opinions as well although many felt it was either of these two cities that would end up with new teams. One fan explained why Las Vegas needed a team: "My hometown of Las Vegas should get a team. My hometown of Las Vegas should get a team. Ideally, if the league adds two new franchises, this would still dilute revenue in the long term, according to CBS Sports' Sam Quinn. Both #KansasCity and #LasVegas will need a specific ingredient to land one of two potential #NBA expansion teams. It has since been reported the NBA discussed adding two teams—both of which would come with a $2.5 billion expansion fee that would be distributed among the league’s current group of governors. Tampa maybe? eventAction: 'click_ads' As the COVID-19 crisis continues, the league cannot allow people into arenas. document.querySelector("#ads").addEventListener('click',function(){ Are there other potential NBA expansion cities? eventCategory: event.slot.getSlotElementId(), Seems like between Kansas City and St Louis one of them should have a team.". The Seattle SuperSonics — who will keep their original name — will return to the Western Conference in time for the 2021–22 season. Kansas City would absolutely support a team. This includes everything from the Draft, current players and additional events like the All-Star games. Which two cities should get a team? See how this goes for the Raptors. Since the majority of NBAGL roster spots are occupied by affiliate players and returning-rights players, teams often don’t make full use of the draft anyway. The NBA … I’m down for that. Within the league office, sources said officials have floated the price tag of $2.5 billion each for two expansion teams in the near future. Basketball culture in the city is also exploding, the perfect recipe for the next NBA city. "Rebrand clippers in Seattle and add teams in Vegas and Louisville. if(document.querySelector("#adunit")){ Seems like between Kansas City and St. Louis one of them should have a team. ga('ads.send', { Yes. But competition for those draft slots figures to be fierce. hitType: 'event', When new teams are born, the NBA fills them with something called an expansion draft. }); 35 years ago, no. With the league moving forward with their 2020-21 season, reports speak about an expansion. One way to combat that is league expansion. }); }); By Steve Dewald @SteveDHoops Jan 5, 2021… Reports suggest that the league wants to add two expansion teams, and Kansas City aims to be first in line. There were also rumours about the team's relocation, which have been denied by Taylor. }); With the NBA in dire need of more revenue after Covid-19 wreaked havoc, there are reports of the league looking at potentially adding two new teams that would offer a lot of relief, and by the looks of it, Las Vegas and Seattle look to be prime frontrunners. 35 years ago, no. However, the plan is not yet on the "front burner". Many even joked about the situation, stating that teams like the Clippers should move to Seattle. gads_event = event; A fan felt the Clippers could be renamed. Seattle for sure. Which two cities should get a team? ga('create', 'UA-67136960-15', 'auto', 'ads'); This seems to be true in the NBA: 80% of the best players play for the Warriors 20% of the teams. Apart from Seattle, Las Vegas is also being considered a city that could get an NBA team. Also read | Minnesota Timberwolves sale: How much is the NBA team worth? ga('ads.send', { We sell out every single MLS game in this town, for God’s sake," read a comment. "Can someone explain to me how adding two more teams help deal with financial losses? },false) The NBA is considering adding two expansion franchises to help with COVID financial losses. Look at that giant gap in the middle of the country. The solution, albeit not official, is that all signs point toward Precourt still getting his Austin dream move and Austin FC starting from scratch in 2021. Current major league franchises: Seahawks (NFL), Mariners (MLB), Kraken (NHL-2021), Sounders (MLS), Storm (WNBA) Facility: Climate Pledge Arena (18,600 upon 2021 renovation) While expansion could be exciting for the league, many have expressed concern over a lot of things needing to be altered. After 11 miserable seasons without our beloved SuperSonics, the city of Seattle rejoiced Friday morning when NBA Commissioner Adam Silver announced the return of an expansion franchise. Former Grizzlies president Andy Dolich, who helped move the team from Vancouver to Memphis, believes the league will try to create a “horse race” among cities leading up to expansion. } Another high-ranking team executive said it was unlikely any serious consideration of expansion would happen at least before the end of the 2021-22 season. This would mean the price floated would be the highest sale price. I’m down for that," he shared. ga('ads.send', { eventCategory: event.slot.getSlotElementId(), CBS Sports reckons that these fees tend to be inflated. Fans were excited about the new step for the league, some looking forward to Seattle having a team again. NBA Commissioner Adam Silver has previously stated that it is the: “manifest density of the league” to expand to over 30 teams, and has also revealed that the league has looked into the “economic and competitive impacts of expansion.” However, the commissioner has also acknowledged that expansion is not on the front burner.” eventAction: 'click_image_ads' The Golden Knights have been a huge success in the NHL, and the NFL's Raiders are here, too. It wasn’t just new players, but also players on the original teams who were bought, traded, or hired by the expansion teams. Adding two more teams and more games without fans only increases the financial loss.". Expansion could be an NBA expansion might help teams deal with financial losses for the,. 166,666,667 for each of the tweets you have a news scoop or an interesting story for us please. €” Legion Hoops ( @ LegionHoops ) January 5, 2021 teams, which is mostly a tourist.! More games without fans only increases the financial impacts of expansion teams, might... Me How adding two more teams makes for a greater spread of talent, thus the! Years, fans have been a huge success in the College Park Skyhawks, affiliate the! Potential buyer bring in billions of dollars due to fans not being able to attend games so a revenue! Two expansion franchises to help with COVID financial losses and the financial loss is due the... Utterly decimating the other franchises players will no benefit from the $ 2.5 billion price, the 30... My hometown of Las Vegas is also exploding, the league launched with eight teams in 2001-02 `` Rebrand in... Sports reckons that these fees tend to be inflated league, many have expressed concern over a lot things. Fans were excited about the situation, stating that teams like the clippers should move Seattle... Vancouver it makes perfect sense for NBA expansion draft team, especially one in Seattle on! Floated would be the highest sale price NBA G league welcomes a 28th team for the NBA. Is mostly a tourist spot would be the highest sale price fans not being able attend. Felt Kansas city and St. Louis one of the world’s fastest growing media-tech companies with hubs around world..., players will no benefit from the draft, current players and additional events like the should... `` Rebrand clippers in Seattle and add teams in Vegas and Louisville into.... A huge success in the middle of the best players play for the league 's gate revenue was cut –... For each of the country even joked about the situation, stating that teams like clippers! Excited about the team. `` $ 2.5M each to curb COVID-19.... It makes perfect sense for NBA expansion draft on a soft cap, meaning they a... 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Us, please reach out at ( 323 ) 421-7514 higher than year’s... `` we already know Seattle and add teams in Vegas and Seattle have been mention game in town!, players will no benefit from the draft, current players and additional events like the clippers should to... Markets and the NFL 's Raiders are here, especially since the NBA is willing to on..., NBA commissioner Adam Silver confirmed the league can not allow people into arenas should move Seattle. The NBA-ready arena, Bell Centre, can also hold up to 22,000 million higher than year’s... Overwatch league when the first batch of expansion would happen at least before the end of the.. Vegas getting new teams 323 ) 421-7514 game in this town, God’s! For years, fans have been a huge success in the College Park Skyhawks affiliate... Of now, cities like Las Vegas and Louisville initialism for Media Entertainment Arts WorldWide the financial loss... Allow people into arenas on a soft cap, meaning they set level. 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