In a whirlwind 24 hours, NBA Europe got a calendar and Real Madrid made its EuroLeague move.

NBA Commissioner Adam Silver says the project is “very much on schedule” for 2027-28, with final bids due by the end of June and franchise awards possible in the autumn.

The real hinge: the reported €10m release clauses inside EuroLeague’s long-term licences. Stuart Hodge breaks down who has signed what, why Madrid is not necessarily locked in, and why the 2027 fork is now the only date that matters.

NBA Europe bids are in – and the man who broke the story that started this whole conversation is here to break down what they mean. Aris Barkas, Eurohoops Publishing Director, joins Stuart Hodge to cut through the noise: the 24-team league scenario, Real Madrid's position, the doomsday split scenario, and what both sides need from April's critical meeting. An essential listen for anyone following this story seriously. Follow @nbaeuropepod for weekly updates.

The NBA Europe project just crossed a line.

On March 31st, non-binding bids closed – and multiple offers landed between $500 million and $1 billion, including several above that mark.

But the most important detail?

EuroLeague clubs – the same institutions that threatened legal action – were among the bidders.

This episode breaks down what that means, who’s behind the money, and why this is now a live market, not a proposal.

Plus: Five things to watch that will decide what happens next.