Giorgos Aivazoglou says Europe's sports industry generates about $50 billion a year, and basketball captures less than half a percent.

NBA Europe would have 16 teams. Twelve would hold permanent places, giving owners and investors long-term certainty.

The other four places would go to Basketball Champions League finalists and winners of qualifying tournaments tied to domestic leagues.

NBA Europe sits on top as a semi-open league, with FIBA's BCL beneath it as a fully open competition. The target start is 2027-28.

Which clubs take the permanent places, what those seats cost and how media rights are sold are still to be decided.

Virtus Bologna celebrate the 2019 Basketball Champions League title. Photo: Nick.mon / Wikimedia Commons · CC BY-SA 4.0. Resized.

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