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NO EXPANSION FEE FOR RAPTORS/GRIZZLIES UNTIL CBA IS REACHED
Published February 14, 1995
NBA officials advised the league's Board of Governors yesterday that the Canadian expansion clubs won't have to pay the $112.5M expansion fee they owe the league until a CBA is reached with the players. The league had pushed back the due date for payment to March 1, but "now another respite has been granted, although the league may ask that the money be put in escrow." The league was given an update yesterday on the progress of the two teams. The Grizzlies do not yet have the "mandated broadcast agreement in place," but the league is "being patient because its own national Canadian deal has not yet been completed." The Raptors have their broadcast deal, but are running "into trouble on a proposed pay-per-view deal." The team wanted to offer 82 games at $150, with 20 live and the rest on tape-delay. But Viewers Choice Canada has not agreed to those terms (Neil Campbell, Toronto GLOBE & MAIL, 2/14).