lang="en-US"> NBA reportedly seeking $500 million franchise fee for each team in European league | The Sports Cast
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NBA reportedly seeking $500 million franchise fee for each team in European league

The NBA is pursuing franchise fees of more than $500M from teams looking to join the prospective NBA Europe, with multiple sources maintaining the league’s preferred number is somewhere between half a billion and $1B….

Franchise valuations are also said to be part of ancillary discussions with banks and private equity conglomerates, as part of an effort to settle on a dollar figure. An official from one EuroLeague franchise had earlier scoffed at a proposed $500M figure, and — considering the template for NBA Europe includes existing EuroLeague clubs — it seemed unclear whether teams will be priced out of joining.

Yahoo Sports reports »

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