The NBA and Abu Dhabi's Department of Culture and Tourism announced an extension of their partnership Thursday, with the league agreeing to continue bringing preseason games to the Middle East and the sides completing talks to launch a new global academy in the United Arab Emirates' capital for top boys players.

Financial terms were not disclosed, though it's reasonable to expect that the nine-year extension would be worth well over $300 million — based on how the DCT agreed to pay the EuroLeague a reported 25 million euros ($29.2 million) to play host to that league's Final Four last year.