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It's all about the size of the media market. Here's a list of the 55 largest media markets in the US (taken from rabbitears.info), with a '*' next to the ones that don't currently have an NBA team:
Rank Market Name Population
1 New York City, New York 18,808,848
2 Los Angeles, California 15,909,634
3 Chicago, Illinois 9,257,980
4 Philadelphia, Pennsylvania 7,793,529
5 San Francisco, California 5,839,386
6 Dallas/Fort Worth, Texas 5,470,021
7 Boston, Massachusetts 5,326,009
8 Houston, Texas 4,935,598
9 Atlanta, Georgia 4,794,930
10 Detroit, Michigan 4,731,156
11 Washington, District of Columbia 4,717,166
12 Sacramento, California 4,070,850
* 13 Seattle, Washington 3,840,603
14 Cleveland, Ohio 3,520,608
15 Miami, Florida 3,428,678
* 16 Tampa, Florida 3,419,690
17 Minneapolis, Minnesota 3,364,407
18 Phoenix, Arizona 3,236,200
19 Denver, Colorado 3,062,717
* 20 St. Louis, Missouri 2,918,238
21 Orlando, Florida 2,875,810
* 22 San Diego, California 2,810,630
* 23 Hartford, Connecticut 2,711,528
* 24 Baltimore, Maryland 2,664,175
25 Portland, Oregon 2,611,638
26 Indianapolis, Indiana 2,581,648
* 27 Pittsburgh, Pennsylvania 2,462,675
28 Charlotte, North Carolina 2,314,075
29 Salt Lake City, Utah 1,932,774
* 30 Raleigh, North Carolina 2,228,256
* 31 Kansas City, Missouri 2,158,337
* 32 Columbus, Ohio 2,031,809
* 33 Cincinnati, Ohio 2,030,743
* 34 Greenville, South Carolina 2,024,329
* 35 Providence, Rhode Island 1,982,810
36 San Antonio, Texas 1,974,210
* 37 West Palm Beach, Florida 1,956,296
38 Milwaukee, Wisconsin 1,953,817
* 39 Nashville, Tennessee 1,946,109
* 40 Norfolk, Virginia 1,817,856
* 41 Grand Rapids, Michigan 1,768,462
* 42 Albany, New York 1,685,415
* 43 Fresno, California 1,653,943
* 44 Harrisburg, Pennsylvania 1,638,367
* 45 Birmingham, Alabama 1,634,637
46 Memphis, Tennessee 1,599,930
* 47 Buffalo, New York 1,593,171
* 48 Greensboro, North Carolina 1,567,650
* 49 Louisville, Kentucky 1,550,382
50 New Orleans, Louisiana 1,462,312
51 Oklahoma City, Oklahoma 1,449,303
* 52 Dayton, Ohio 1,447,804
* 53 Scranton, Pennsylvania 1,439,268
* 54 Las Vegas, Nevada 1,415,932
* 55 Austin, Texas 1,381,594
In addition, Wikipedia's list of the largest metropolitan areas in Canada has:
1 Toronto Ontario 5,113,149
* 2 Montreal Quebec 3,635,571
* 3 Vancouver British Columbia 2,116,581
(metro population is not the same as media market size, but it's the best data I could find quickly)
So the largest media markets with no NBA team are:
Seattle
Montreal
Tampa
St. Louis
San Diego
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