Overview
- Bidders entering phase two received updated plans that aim to cut risk for 12 permanent franchises in a new Europe-based league.
- The NBA intends to invest more than $3 billion, according to Eurohoops, with funding directed to team support, league marketing, and grassroots basketball in Europe.
- Teams would receive guaranteed participation payments starting around $8 million per club each year, with extra prize money tied to wins and playoff results.
- The NBA and FIBA would begin with about 52% ownership, with a path for clubs to gain majority equity over time as the league expands.
- Interest remains strong, with more than 120 expressions of interest and reported offers in the $500 million to $1 billion range, as talks with EuroLeague continue about how the new competition would fit in.