The NBA Board of Governors approved a vote Wednesday to explore the possibility of adding two new expansion franchises specifically in the Las Vegas and Seattle markets, the league announced.
As part of the standard process for exploring expansion, the NBA will evaluate all aspects of each potential market, including hearing proposals from potential ownership groups that want to start an expansion franchise.
As the vote was finalized with NBA governors and stakeholders in New York on Wednesday, Silver addressed the ongoing speculation about what the expansion means for the league as a whole. While Silver was clearly very optimistic about the expansion aspect in his press conference, he also made it clear that nothing is a given when it comes to this topic.
"There's absolutely a possibility that we may not be able to expand. That's why we were careful to say 'explore the process.' It's also possible that we may expand into one market and not two. For two, or zero markets," Silver said.
There is much more to a potential expansion than just the formation of a new franchise, and Silver acknowledged as much in his press conference in New York City on Wednesday afternoon.
In terms of why a level of skepticism still exists for the possibility of a Las Vegas and Seattle expansion, the NBA Commissioner explained that owners would still need to approve the final transaction, and real-world issues that arise could potentially push back the timing of the final expansion.
Silver said, "Why that might not happen, at least standing here today, I don't see anything in the relatively short-term future of this league that would indicate that there wouldn't be a lot of interest in those markets and the board would continue to be supportive going forward. I should say, at the right time, it would require three-quarters of the owners supporting it." “But we will not be moving forward at this step, and in fairness to interested parties, that was one of the reasons we wanted to make this formal announcement, because wherever those prices land, it is a huge undertaking.
"Normally, it's not just a single owner. It's a group that requires financing, arena planning, etc. So, where the uncertainty for me lies in the issues outside the league. There is huge instability in the world at the moment, and we may ultimately conclude for reasons completely out of our control that it is not the right time to expand. That is something we should postpone and revisit at a later time.
"That's really our warning."
A potential final vote for expansion to Las Vegas and Seattle will be held later this year, which would officially take the league from 30 to 32 teams. In doing so, a team from the Western Conference would move into the Eastern Conference to balance the league at 16 teams on the opposite end.
It is expected that either the Minnesota Timberwolves or the Memphis Grizzlies will move east, with the Timberwolves seen as the likely favorite in this scenario.
As the formal expansion process officially begins, further updates on NBA expansion will be provided by Silver and the league office at a later date.
