Alba Berlin was never an “A” license holder in the EuroLeague, which means it was never a permanent member. There are 13 of them, and though most have re-signed license agreements with the EuroLeague for the next decade, European sources believe there is an out clause in those agreements worth roughly $10 million, which could allow those clubs to join Silver’s venture. To that end, Silver said Thursday he’d had discussions with Real Madrid owners (an “A” license holder), and said NBA Hall of Famer Tony Parker, who is majority owner of the ASVEL club (near Lyon), is on a board of former players advising him on Europe. But the EuroLeague is also threatening legal action against the NBA and FIBA if they try to recruit teams under contract.
New York Times
This article originally appeared on Hoops Hype: There are 13 of them, and though most have re-signed …
