There wasn’t a ton of trade chatter at the G League Winter Showcase in Las Vegas this past week, but the news of the Suns‘ sale to Mat Ishbia generated plenty of discussion, according to John Hollinger of The Athletic. Specifically, the franchise’s $4 billion valuation raised eyebrows, given how far above recent projections it was.
As Hollinger explains, that eye-popping sale price led to speculation on two fronts. For one, there were conversations about whether other franchises could find their way onto the market — for instance, Paul Allen‘s estate appears content to exercise patience before eventually opening the bidding on the Trail Blazers, but it’s possible the Suns’ valuation could help expedite that process. Hollinger adds that there have also been whispers over the years about whether Michael Jordan will sell the Hornets.
Perhaps more importantly, the Suns’ high sale price could be good news for the prospect of NBA expansion. As Hollinger observes, the existing 30 team owners are more likely to agree to bring in two new partners if their cut of the expansion fee high enough to offset their losses from splitting the NBA’s TV deal and other sources of revenue 32 ways instead of 30 ways. The Suns selling for $4 billion increases the odds of expansion fees for teams in cities like Seattle and Las Vegas reaching the neighborhood of $4-5 billion, says Hollinger.
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