Overview

• Team governors have formally directed an in-depth analysis to explore adding franchises beyond the current 30-team limit
• The advisory finance committee will spearhead the review with support from the audit and strategy committee, examining economic and non-economic factors such as franchise valuation and talent distribution
• No timetable, fee structure or binding vote has been established, leaving the decision on expansion contingent on the outcome of the study
• A new $76 billion media rights pact and recent sales of the Celtics and Lakers at a combined $16.1 billion inform the league’s valuation models
• Las Vegas and Seattle are regarded as front-runner markets as the league assesses potential locations for future franchises