From Sports Illustrated (via CNN):
American basketball is planning to create up to five new European franchises who would compete for the NBA Championship, according to a report by Sports Illustrated.
The astonishing claims come hard on the heels of plans by the football's English Premier League to play matches overseas and underline the growing trend of globalization in major sports leagues.
...
The plans are understood to include the formation of a European division with five new teams in major markets.
The teams would play a full 82-game schedule and compete for the NBA championship.
I still think hockey has the best chance at international expansion, but I'll be interested to see how this goes.