Model Parameters
Context & Assumptions:
• Total league owners: 30 existing franchises share 100% of expansion fees tax-free.
• Regular season games: 41 home games per team.
• National TV rights diluted 1/30th to 1/32nd upon team entry.
• Research date snapshot: September 2026.
• Total league owners: 30 existing franchises share 100% of expansion fees tax-free.
• Regular season games: 41 home games per team.
• National TV rights diluted 1/30th to 1/32nd upon team entry.
• Research date snapshot: September 2026.
Total Expansion Pool
$14.5B
Las Vegas + Seattle fees combined
Payout Per Existing Owner
$483.33M
Distributed equally to 30 teams
LV Projected Annual Rev
$312.4M
Gate + National TV + Local Deals
Seattle Projected Annual Rev
$305.8M
Climate Pledge Arena + NW Media
Media Rights Dilution Impact:
Managed via new media deal uplift.
Adding 2 teams dilutes national TV pool per club by 6.25% (~$13.75M/yr), easily offset by the upfront owner windfall of 35.1 years of TV dilution.
| Category | Las Vegas Bid | Seattle Bid | 30-Team League Impact |
|---|
🎰 Las Vegas Franchise (T-Mobile / New Strip Arena)
Gate Receipts (41 Games @ 95% Cap)$104.4M
Luxury Suites & Club Yield$28.0M
National Media Rights (1/32 Share)$110.0M
Local RSN Broadcast & Streaming$40.0M
Sponsorship & In-Arena F&B$30.0M
Total Projected Year 1 Revenue$312.4M
🌲 Seattle SuperSonics Reborn (Climate Pledge Arena)
Gate Receipts (41 Games @ 95% Cap)$103.3M
Luxury Suites & Club Yield$27.5M
National Media Rights (1/32 Share)$110.0M
Local RSN Broadcast & Streaming$37.0M
Sponsorship & In-Arena F&B$28.0M
Total Projected Year 1 Revenue$305.8M