The NBA is working with FIBA to create a new league, likely with at least some existing teams, but this will take time.

The expectation in league circles is that the NBA will ultimately move forward with expansion, with two teams: Seattle and, most likely, Las Vegas. Silver and the league office had wanted to wait for a new CBA to be in place (ensuring stability) as well as the new television deal finalized before moving forward. Those are now done.