"It appears that the NBA is preparing for expansion in the near future. According to various sources, the league is planning to add new teams, with prominent NBA insider Adrian Wojnarowski recently stating on ESPN's 'NBA Today' that Las Vegas and Seattle are likely candidates to join the league after the 2023-24 season:
“I've been told that once the league concludes its ongoing media rights negotiations, it will shift its focus to expansion, with Las Vegas and Seattle being the prime contenders,” Wojnarowski revealed.
Before the league can proceed with expansion plans, it must first secure a lucrative media rights deal estimated to be worth around $75 billion for the upcoming season.
The choice of Las Vegas and Seattle as potential expansion cities makes sense for several reasons. Seattle was previously home to the NBA's Seattle Supersonics, which relocated to Oklahoma City and became the Thunder. The return of the Supersonics to the league is a possibility. Additionally, Las Vegas has hosted numerous NBA events, and its appeal as a sports market makes it a strong candidate for expanding the league's team lineup.
Could the NBA's In-Season Tournament offer new opportunities for media rights?
The upcoming negotiations for NBA media rights have gained significant attention due to the introduction of the In-Season Tournament. Starting in the 2023-24 season, the NBA will introduce an annual competition involving all 30 teams. The first tournament is scheduled to commence on November 3, with the Championship Game taking place on December 9 in Las Vegas.
Details regarding television coverage for the inaugural tournament and subsequent editions will be disclosed in August for the first season and in 2024 for the following season. However, the NBA has confirmed that media rights for the tournament will be a part of the upcoming rights negotiations. Current rights holders include Walt Disney Co.'s ABC/ESPN and Warner Bros. Discovery’s TNT.
The NBA is reportedly seeking to secure a substantial deal ranging from $50 billion to $75 billion for its upcoming long-term media rights agreement. This represents a significant increase compared to the league's current media rights deal, which is valued at $24 billion and pays out $2.6 billion annually."
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