Overview

• Team owners formally directed the advisory finance and audit and strategy committees to undertake the NBA’s first comprehensive analysis of adding franchises beyond its 30-team roster.
• Commissioner Adam Silver described the effort as “Day 1” of the study and stressed that no decisions have been made on expansion fees, timelines or even whether new teams will be added.
• Las Vegas and Seattle remain the leading candidates under review, reflecting long-standing market interest if the league moves forward with expansion.
• The analysis will factor in the upcoming $76 billion media rights deals and record-high valuations from recent Celtics and Lakers sales to gauge the impact on existing equity.
• The NBA has not grown beyond 30 teams since 2004, marking this as the first formal step toward expansion in over two decades.