NBA Commissioner Adam Silver on NBA Europe and EuroLeague

Hard to believe there're 1,200 professional clubs in Europe. So, EuroLeague is the top-tier competition right now. We're going forward with what we're calling NBA Europe, and we're hoping we'll work something out with the EuroLeague. I think we will. >> But, you're going to do it with or without EuroLeague? >> Yes, but we're going to get something worked out with them. >> Uh the it's also been reported that you've received multiple bids for the 12 franchise teams that you've said that you want. Where are those bids coming in? What does it say about valuations? >> They're coming in from a combination of existing basketball clubs, some of the big soccer brands in Europe, and then in other markets people are starting clubs from scratch. And so, it's it's a combination of all those things. It's very positive in in terms of valuation. >> How much? >> Um many hundreds of millions of dollars uh for for franchises. I mean, it's it's a sort of once-in-forever opportunity to be the NBA team in London, Paris, Madrid, you know, uh Munich, some of the top markets in Europe, some of the top markets in the world. And that's how people are see those opportunities.