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Silver: No Teams Looking to Sell, Relocate
Posted By HOOPSWORLD On September 10, 2013 @ 7:00 pm In Headlines,NBA Headlines | No Comments
With franchise values soaring and a lucrative TV rights deal on the horizon, incoming NBA commissioner Adam Silver said Tuesday that currently no teams are for sale.
Several teams, including the Minnesota Timberwolves, have been pulled off the market recently. The Milwaukee Bucks and Toronto Raptors had also been rumored to be available.
“As we look at the coming domestic television deal and a great playoffs and Finals, there’s a great buzz around the league right now,” Silver said at the Bloomberg Sports Business Summit. “There aren’t any teams for sale but if there were [the price] would be robust.”
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