Connect with us

Hi, what are you looking for?

Economy

NBA expansion

National Basketball Association commissioner Adam Silver was his usual candid self in his annual preseason presser yesterday. He responded to queries — even the most sensitive ones — from prying and persistent members of the media directly and with purpose. And he wasn’t doing so to score brownie points with the public, although they were invariably positive offshoots. He was simply being, well, himself, a decided advantage for a league whose status as the most progressive sports organization in the world hasn’t insulated it from the havoc wreaked by the spread of the novel coronavirus.

Silver touched on quite a few subjects, including the NBA’s tolerance, even encouragement, of players’ social and political activism and its continued collaboration with stakeholders in framing the future. And, given his usual frankness, what struck a chord was his subtle but nonetheless apparent shift in his views on expansion. Whereas he would previously reply without fail that the acceptance of additional franchises was not under consideration, he admitted to “dust[ing] off some of the analyses on the economic and competitive impacts of expansion. We’ve been putting a little bit more time into it than we were pre-pandemic.”

To be sure, Silver did caution against drawing conclusions that a new franchise would be coming in sooner rather than later. He said due diligence is being done in recognition “of the Manifest destiny of the league that you expand at some point… but certainly not to the point that expansion is on the front burner.” The problem lies in the NBA needing to both address economic considerations and ensure competitiveness. And, as hoops annals show, there is an inherent tug-of-war between the two concerns.

Pegged in the 10 figures for every instance, the entry fees to be earned from expansion would most certainly benefit current teams reeling from financial losses due to quarantine measures, limiting or prohibiting (depending on location) spectators in arenas. On the other hand, a striking imbalance already exists with the current roster of 30 teams; increasing the number will serve to dilute the talent base even more. Which is why there figures to be more — make that much, much more — researching and discussing before the initiative can gain any momentum.

As Silver has indicated, however, expansion is a matter of when, not if. And once it happens, the safe bet is on Seattle getting first crack. After all, it boasted of extremely loyal supporters throughout the 41 years it served as home to the SuperSonics. Meanwhile, fans in the Emerald City will be keeping their fingers crossed, buoyed by the pronouncements of a commish who has historically been as good as his word.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and Human Resources management, corporate communications, and business development.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

MEXICO CITY – A leading rights group on Monday called for Mexican lawmakers to vote against a proposal to overhaul the electoral system, warning it could seriously undermine electoral authorities’ independence, putting free and fair elections...

Economy

JAKARTA – Indonesia’s parliament on Tuesday approved a criminal code that bans sex outside marriage with a punishment of up to one year in jail, part...

Economy

The uncrewed Orion capsule of NASA’s Artemis I mission sailed within 80 miles (130 km) of the lunar surface on Monday, achieving the closest approach to the moon for a spacecraft built to carry...

Economy

JAKARTA – Indonesia is expected to ratify sweeping changes to its criminal code on Tuesday, senior officials confirmed, in a legal overhaul that critics say could curb freedoms and police morality in...

Economy

Elon Musk’s Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid internal staff complaints that its animal testing is being rushed, causing needless suffering and...

Economy

MANILA – Philippine annual inflation surged to a 14-year high in November driven mainly by higher food prices, the statistics agency said on Tuesday,...

You May Also Like

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.