Nba Expansion Franchise Fee

The incentive for current owners to cash in is so strong.

Nba expansion franchise fee. Those funds would then be distributed to the current 30 teams which operated during the end of last season without paying customers in the stands. If the franchise fee to buy into the league is roughly the average value of an nba franchise then by the most recent forbes valuations an entry fee could be in the neighborhood of 2 1 billion. In the next wave of expansion the portland trailblazers cleveland cavaliers and buffalo braves who eventually became the clippers joined the nba for franchise fees of 3 7 million in 1970.

Vegas has a brand new arena nhl team and will soon have the. The expansion of the national basketball association has happened several times in the league s history since it began play in 1946 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. The nba hasn t seen an expansion since the charlotte bobcats now hornets were the last nba expansion franchise back in 2004.

It would be safe to assume that the nba noticed how the city rallied around its nhl franchise and has it on the expansion radar. As reported by josh coffman of wave 3 news in december 2018 issel sees the cost to get an nba expansion team in louisville would be around 1 4 billion which would include the expansion fee and. History of nba expansion draft team first season first season 500 first playoffs price chicago packers 61 62 18 62 64 65 na chicago bulls 66 67 33 48 70 71 51 31 66 67 1 250 000 san diego rockets.

Expansion isn t likely until at least 2025 when a newly negotiated tv rights deal will take place. With the los angeles clippers and houston rockets both selling for 2 billion or more future expansion fees could easily reach 10 digits.