When the NBA decides it wants to go in new directions, the NBA’s big decision won’t be in 2018
As part of its annual review of the league’s finances, the league announced last week that it would start spending money on a new basketball arena, which would add about $2 billion to the league budget.
But the NBA also said it would consider other revenue streams, such as expanding the league to include two more teams in Las Vegas.
It would be a significant financial commitment, but the league said it had “a long way to go” before it could fully commit to it.
While the league didn’t disclose how much it would spend on the new arena, the money could come in large part from the sales of existing teams, including the NBA D-League’s Las Vegas Warriors and the NBA Los Angeles Lakers.
The Warriors and Lakers are both owned by the same entity, which could allow the league more flexibility in how to spend the new money.
“The NBA is a highly competitive business and we are committed to investing in our league to grow and grow,” NBA commissioner Adam Silver said in a statement.
The NBA also announced it would begin working on the Las Vegas arena plan over the summer, with the goal of opening the new building by 2020.
But it will take longer than that.
The league will have to determine how much new revenue the new venue will generate and how much of that is going to be spent on the arena.
The plan for the Las Vega arena is the second major plan the league has released this year that has yet to be finalized.
The first was a $1.8 billion plan to build a new arena in Charlotte.
That plan was delayed due to concerns over traffic.
The new Las Vegas project would need to have a lot of money in it to pay for the new basketball facility, and the league will likely need to approve a new stadium deal to get the project going.
The Las Vegas plan has been under fire since it was first announced in February, with some owners saying the league was trying to “rein in” them.
The issue became a flashpoint during the playoffs when some NBA owners, including Chris Hansen of the Seattle SuperSonics and Peter Guber of the New York Knicks, said the league had to consider the Las Vegas plans and that they could not afford to spend that much money on an arena that could not compete with the best arenas in the NBA.
“I think it’s a good idea,” Guber told reporters.
“It’s not the right thing to do for the league.”
The Las Vegans plan is a huge change from the first Las Vegas stadium plan, which was supposed to have an initial cost of $3.6 billion, which included a new team stadium, a new hotel and other amenities.
In addition to the $2.5 billion in debt the league is currently facing, there is a $300 million hole in the league-operated TV revenue that has been largely blamed for the current state of the NBA, which has seen its ratings dip and attendance numbers plummet.
That shortfall is expected to be covered by new revenue streams as well as the Las Vegan project, the new NBA-owned Las Vegas-based NBA TV network.
“What the league does has always been a mix of a couple of things, but this is a major change in how the league operates,” said Brian Fremeau, a sports economics professor at the University of North Carolina.
“We don’t have the luxury of waiting and hoping that they can fix the problem and they can have some semblance of a positive long-term outlook.”
For example, the Las Vegas arena will be built to accommodate the league and a few other sports teams.
“There’s going to have to be a lot more flexibility, a lot less constraints than we have had before, to make sure that the league can do what it needs to do to be successful,” Fremeaur said.
The money will come from the sale of existing NBA teams, and Silver has previously said that the new Las Vega arena would only have to pay $100 million to $150 million to the NBA for a full lease on the team.
“If you’re a owner of an existing NBA team, and you’re looking at this new arena and you think it could help you, I think that’s the kind of financial commitment that you need,” Silver said at the league meeting last week.
“And I think the way to get there is to have some flexibility in the deal.”