Zaid Admani

I mean, that's more than a 30X jump in price, and it just shows you how valuable sports teams have become lately.

Now, the money that's collected from these new teams will be split equally by the current 30 owners.

So assuming they get $10 billion each for the two teams, that's $20 billion total.

So that means that each owner will get around $660 million each.

I guess that explains why the NBA owners voted to expand.

Personally, though, as an NBA fan, I have mixed feelings about this.

I think there are like 10 teams actively trying to lose games right now, and we're going to be adding two more teams?

So yeah, I'm not sure how I feel about the expansion.

I think the NBA needs to have less regular season games.

But I am happy to see that Seattle will finally get an NBA team back after losing the Supersonics.

But look, this price tag of $7 to $10 billion leaves a very limited amount of rich guys that can actually buy the team.

Your options are basically Jeff Bezos or a Middle Eastern sovereign wealth fund.

The NBA is hoping for these new teams to start playing by the start of the 2028 season.

So right as LeBron enters the back half of his prime.

All that engagement really does help us out and it helps other people find the show.

Thank you guys so much for listening, watching and commenting.

Shout out to Mike and Connor for all the work behind the scenes.

And we'll see you guys back here tomorrow.

public.com presents the rundown your daily market update in under 10 minutes my name is Zaid Admani and today is Tuesday March 24th in today's episode we'll tell you about the latest release from Anthropic and the shift happening in the AI space

We'll also break down Nintendo's struggles with the Switch 2 and the latest drama in private credit.