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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The Brooklyn Nets have signed 22-year-old forward Fanbo Zeng, who averaged 14.7 points and 4.6 rebounds while shooting 53% for the Beijing Ducks last season. Additionally, the team signed Ricky Council IV and currently has ten players on guaranteed contracts for the upcoming year. Want More Context? 🔎
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Jonas Valanciunas confirmed a conversation with Nikola Jokic following his trade to the Denver Nuggets, expressing his commitment to the team despite previous interest in playing for Panathinaikos. He aims to honor his contract and compete for a championship this season, and he will also represent Lithuania in EuroBasket 2025. Want More Context? 🔎
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Luka Doncic has signed a three-year, $165 million max contract extension with the Los Angeles Lakers, featuring a player option for 2028, allowing potential free agency after two seasons. Doncic expressed gratitude towards the Lakers organization and is committed to helping the team achieve success, while also actively recruiting players like Marcus Smart and Deandre Ayton. Want More Context? 🔎
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