Adam Silver pushes away hypotesis of $2.5B fee per expansion franchise

The NBA has reportedly considered expansion in the medium-term with a possible franchise fee of $2.5 billion. Commissioner Adam Silver, however, said he is “not ready” to confirm the number of teams or the price point the league would seek if it were to add clubs. He said it “doesn’t feel like the right time” to focus resources or attention on future growth with the league still trying to navigate the pandemic. But Silver did say that “clearly the valuations show some of the reported numbers for expansion fees are very low in terms of the value at which we would expand.”