June 30 : The NBA is "extremely encouraged" by the final bids received for permanent franchises in a new NBA and FIBA-backed league in Europe planned for October 2027, Deputy Commissioner Mark Tatum said on Tuesday.The NBA has received many bids within and exceeding the $500 million to $1 billion range in eac

The NBA's plan for its new European league includes shared equity, performance distributions, a pro rata share of net income, a salary cap, and more.

NBA Europe is on track to launch in October 2027 and had multiple groups bid more than $1 billion to secure franchises in the latest round of bidding.

June 30 : The NBA is "extremely encouraged" by the final bids received for permanent franchises in a new NBA and FIBA-backed league in Europe planned for October 2027, Deputy…

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Some of the 12 permanent franchises in the NBA’s planned European basketball league have not yet attracted bids in excess of $500m.