The rejection of the first proposal from the NBA, on Tuesday, October 6, in Cernobbio, has highlighted the divisions among the 13 owners of the Euroleague Commercial Assets (ECA). While all considered the current offer unacceptable, they are far from being in agreement on the next steps for the NBA Europe project. The ECA is a group that manages the commercial rights of the EuroLeague, a top-tier European basketball competition. The meeting in Cernobbio was an attempt to discuss the future of the league and how it might integrate with the NBA, which is the premier basketball league in the United States. On one side, Real Madrid, Panathinaikos, ASVEL, and Fenerbahçe are among the clubs in favor of continuing the discussions, hoping to obtain better economic conditions and governance. On the other side, Olympiacos, FC Barcelona, and several other shareholders have adopted a much harder position. This internal opposition also explains why the EuroLeague is proceeding with caution on its own expansion project, whose final decisions have not yet been made. According to several consistent sources, Real Madrid, Panathinaikos, and Fenerbahçe have defended the idea of keeping the negotiations open. Real Madrid reportedly requested a period of approximately 30 days to allow the NBA to present a new proposal. This trend therefore considers the meeting in Cernobbio less as the end of a negotiation than as the rejection of a first working basis. Conversely, Olympiacos was among the most opposed to the proposed conditions. Olimpia Milan and Baskonia are also mentioned among the clubs particularly reluctant, while FC Barcelona reportedly considered the economic proposal very insufficient. The word "colonialist" was even used during the discussions to describe the American offer. The criticism concerned both its financial dimension and the power-sharing envisioned in the future structure. These divergences are now out of the meeting room. Dimitris Giannakopoulos, owner of Panathinaikos, posted several offensive messages on Instagram on Wednesday. He believes that the arrival of the NBA must at least be seriously considered and directly targeted the clubs most hostile to the project. Positions like those of Olympiakos today and some other teams show no interest in the development of basketball, he wrote, adding that basketball is not a toy for the rich. In another post, Giannakopoulos stated that clubs hostile to opening up to the NBA could either be satisfied with the current functioning of the EuroLeague or fear not being retained in a future organization. This stance is important. It shows that a historic club like Panathinaikos does not simply wish to preserve the existing system, but seriously considers an evolution of the model if the conditions proposed become sufficiently attractive. The other revealing issue concerns expansion. The EuroLeague has officially announced its intention to continue the process of increasing the number of franchises. However, contrary to what the communication might suggest, no definitive decision was made on Tuesday regarding the move from 20 to 24 teams. This delay is not insignificant. The NBA's proposal was particularly linked to maintaining the current structure around the 13 shareholder clubs and pausing the expansion planned by the EuroLeague. Decisions on the allocation of long-term licenses should take place within the month. Until then, any new proposal from the NBA could still change the situation. The EuroLeague is thus in an intermediate position: continuing to prepare its own future while avoiding making an immediate decision that would make an agreement with the NBA much more difficult.