The NBA Just Opened Pandora's Box After 22 Years — The Real Reason Behind the $10 Billion Tickets to Seattle and Las Vegas
The NBA hadn't created a new team since the Charlotte Bobcats in 2004. Now it has approved expansion to Seattle and Las Vegas. The record-breaking expansion fees of up to $10 billion per team and the $20 billion windfall for existing owners tell the real story: professional sports has reached the tipping point of becoming a pure financial asset class.