NBA owners are increasingly interested in launching a league in Europe due to significant potential franchise fees, with estimates between $500 million and $1 billion per team, as Commissioner Adam Silver engages with stakeholders like Real Madrid. This venture aims to capitalize on Europe’s untapped revenue streams, leveraging existing European teams and attracting investment from private equity and sovereign wealth funds.
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Lakers star Luka Doncic officially signed a three-year, $165-million contract extension, with general manager Rob Pelinka emphasizing the support system around him, including his trainer and physiotherapist. This development raises questions about LeBron James' future role as Doncic becomes the focal point of the franchise, especially with James' contract expiring after one more season. Want More Context? 🔎
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EL SEGUNDO, Calif. — Luka Doncic, after a surprising mid-season trade, has signed a three-year max contract extension with the Los Angeles Lakers, worth up to $165 million. He expressed excitement about joining a prestigious organization and aims to contribute to the team's championship aspirations, highlighting roster improvements like the addition of Deandre Ayton and 3&D players to complement his game. Want More Context? 🔎
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A group led by Boston Celtics minority owner Steve Pagliuca has reached a $325 million agreement to purchase the Connecticut Sun from the Mohegan Tribe, potentially relocating the team to Boston by the 2027 season and investing $100 million in a new practice facility. The sale, which would set a record for a WNBA team, is pending approval from the WNBA and its governors, while the league has noted that Boston's franchise bid is currently less prioritized compared to other cities. Want More Context? 🔎
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