Thursday, November 21, 2024

Silver: League Nonetheless Is not Prepared To Sort out Growth

The league isn’t fairly able to discover enlargement talks, commissioner Adam Silver revealed throughout a Tuesday press convention. Silver addressed the media after the league’s Board of Governors assembly.

“There was not numerous dialogue on this assembly about enlargement, however solely largely not for lack of curiosity, it was that we had stated to them that we’re not fairly prepared,” Silver stated, per ESPN’s Tim Bontemps. “It was one thing that we instructed our board we plan to deal with this season, and we’re not fairly prepared but. However I feel there’s definitely curiosity within the course of, and I feel that we’re not there but when it comes to having made any particular selections about markets and even frankly to develop.”

Growth has been delay whereas the league negotiated a brand new Collective Bargaining Settlement and reached new broadcast offers. With these gadgets within the rear view mirror, the league may eventully focus on enlargement within the coming months. Step one in that course of, in accordance with Bontemps, can be forming a committee of a number of house owners to discover the subject and decide what the subsequent steps can be.

Right here’s extra from Silver’s press convention and the BOG assembly:

  • He would like that legalized sports activities betting had a “federal framework,” quite than being a state competitors with various guidelines. “I used to be in favor of a federal framework for sports activities betting. I nonetheless am,” he stated. “I nonetheless suppose that the hodgepodge of state by state, it makes it tougher for the league to manage it. I feel it creates competitors, understandably, amongst states to get — simply suppose New York, New Jersey or a scenario like that the place you’re each competing for a similar buyer, so you possibly can compete on tax charges and different issues and a regulatory framework.”
  • The league is actually in wait-and-see mode concerning the potential gross sales of two franchises, the Timberwolves and the Celtics, in accordance with the Related Press’ Tim Reynolds. Minnesota’s dispute between present majority proprietor Glen Taylor and potential majority house owners Marc Lore and Alex Rodriguez is headed to arbitration. “That’s a course of that exists impartial of the league that was set out within the gross sales settlement,” Silver stated. Boston’s possession group, led by Wyc Grousbeck, intends to promote nearly all of its shares later this 12 months or early subsequent 12 months, then shut on a sale of the stability of remaining shares in 2028. “I feel that Wyc Grousbeck and his possession group are within the means of working by means of what the steps will probably be,” Silver stated.
  • Raptors Governor and Chairman of Maple Leaf Sports activities & Leisure Larry Tanenbaum has been re-elected because the Board’s chairman, NBA Communications tweets. Tanenbaum has served in that position since 2017.
  • The league may have a nationwide streaming RSN platform as quickly because the 2025/26 season, in accordance with the Sports activities Enterprise Journal’s Tom Pal. Quite a few groups have been affected Diamond Sports activities chapter proceedings. Diamond is the father or mother firm of Bally Sports activities. “I feel popping out of this, after we have a look at the curiosity of streaming companies to hold native video games and all the extra performance that can come to that, there will probably be a transition and transition for our viewers, as properly, when it comes to how they uncover these video games and the way they watch them, that I feel the tip end result will probably be a a lot better shopper expertise,” Silver stated.

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