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Hungry for NBA expansion? You may have to wait for the league to digest the Boston Celtics sale. Or at least that was the response from the Association's Commissioner Adam Silver when asked about the league expanding at the annual Board of Governor's meeting. The Celtics, who were just sold by current majority owners Wyc and Irv Grousbeck to private equity billionaire Bill Chisholm, were widely seen as one of the last remaining barriers to expansion given their potential to influence the cost to buy into the league based off their team valuation.
Now in the process of undergoing league approval, the Commissioner related where the process of adding teams to the league stood in regard to the Celtics sale. "There's no question that a major transaction like that (of the Celtics) becomes relevant to expansion," said Silver. "That deal has just been presented to us, so we’re still analyzing it. My sense is once we’ve been through that process that we’ll turn to it in a more serious way."
"The league office has continued to model what potential expansion could look like over the last year or so," he added. "Again, that included both understanding dilution from an economic standpoint — we now have a better understanding of that now that we have our national deals in place — and also from a player standpoint," said Silver.
Citing ongoing media issues as a potential issue in need of sorting out, the NBA Commissioner suggested that "we’d really like to understand what that opportunity for local media is," given its importance to league economics. So it seems that expansion is inching closer, but from "digesting" the sale of the Celtics to sorting out how local teams will be broadcasted, there still remains work to do.
If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," "Celtics Lab," and the many other New England sports podcasts available on the CLNS Media network.
Listen to the "Celtics Lab" podcast on:
Apple Podcasts: https://apple.co/3zBKQY6
Spotify: https://spoti.fi/3GfUPFi
This article originally appeared on Celtics Wire: Hungry for expansion? We have to wait for the NBA to digest Celtics sale
Continue reading...
Now in the process of undergoing league approval, the Commissioner related where the process of adding teams to the league stood in regard to the Celtics sale. "There's no question that a major transaction like that (of the Celtics) becomes relevant to expansion," said Silver. "That deal has just been presented to us, so we’re still analyzing it. My sense is once we’ve been through that process that we’ll turn to it in a more serious way."
"The league office has continued to model what potential expansion could look like over the last year or so," he added. "Again, that included both understanding dilution from an economic standpoint — we now have a better understanding of that now that we have our national deals in place — and also from a player standpoint," said Silver.
Citing ongoing media issues as a potential issue in need of sorting out, the NBA Commissioner suggested that "we’d really like to understand what that opportunity for local media is," given its importance to league economics. So it seems that expansion is inching closer, but from "digesting" the sale of the Celtics to sorting out how local teams will be broadcasted, there still remains work to do.
If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," "Celtics Lab," and the many other New England sports podcasts available on the CLNS Media network.
Listen to the "Celtics Lab" podcast on:
Apple Podcasts: https://apple.co/3zBKQY6
Spotify: https://spoti.fi/3GfUPFi
This article originally appeared on Celtics Wire: Hungry for expansion? We have to wait for the NBA to digest Celtics sale
Continue reading...
