Off topic, but, the value of these NBA franchises is in the billions now?
In 1974, the New Oleans Jazz joined the NBA as an expansion team, and the franchise fee was 6 million dollars.
The market value of an NBA team has increased greatly, just an observation.
NBA has gone global, especially now since more and more European players are taking over.
It was like owning a minor league baseball team back then. The NBA was not a global sport at the time.