Quick math...
$7-10 billion expansion fee
x 2
——
= $14-20 billion in expansion fees
Divide that by the league's 30 owners, and it's a $466 million to $666 million payout per owner.
That essentially covers 3-4 years of each team's national TV revenue distributions from the NBA.
Shams Charania
@ShamsCharania
03-25
Breaking: The NBA's Board of Governors has approved a vote for the league to explore bids and applicants for expansion teams exclusively in Las Vegas and Seattle, sources tell ESPN. A bidding process is expected to generate offers in the $7-10 billion range for each team.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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