As part of the bidding process, potential investors …

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As part of the bidding process, potential investors entered into non-disclosure agreements with the NBA, according to two sources. One source said the submissions functioned more as declarations of interest than firm offers, with prospective teams outlining what they would be willing to pay to join the league — a figure that could include projected investments in infrastructure, such as new arenas.

New York Times

This article originally appeared on Hoops Hype: As part of the bidding process, potential investors …

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