The 2006–07 season saw the nominal cost for a new expansion franchise raised to $20,000, but many still sold for $10,000 – $5,000 or less. In some cases, teams were sold for as little as $1. One notable 2006–07 expansion franchise was the Vermont Frost Heaves, owned by Sports Illustrated writer Alexander so in 2006–07, former NBA player John Salley was named …
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