Originally Posted by Windex
NBA teams are like rare paintings (only 30). You lose money maintaining it but you sell it for more than initial price in the future
It used to be the case, and it will certainly still be the case for some teams that were bought decades ago.
But since ~2003 the prices seem quite stuck. The expansion fee at the time was 300 mil, some teams like Phoenix, Celtics or Cavs got sold for around 400 mil.
And the prices haven't moved much since.
Certainly not enough to cover tens of mils in losses that you need to compete (in most places).
Some of those teams are even selling for less.
A better CBA and revenue sharing may trigger that growth again somewhat. Although no way it's going to be anything like the previous price growth.
Either way, a system change seems very reasonable imo and good for the league.