What happened: The competition would pair the NBA with European soccer powers in a continental league, per The New York Times citing sources. Eurohoops reports the NBA sent a formal offer to EuroLeague with both sides evaluating options. Invites have gone to prospective participants as talks advanced.

Why it matters: A venture built on soccer brands would give the NBA an established foothold in Europe. It puts pressure on the existing continental club order anchored by EuroLeague.

What to watch: Watch for responses from EuroLeague and the soccer clubs plus any disclosed terms and timeline.