The eighth team is to play out of Knox when the stadium is built.
It wont be run by Knox, or Dandenong indvidually. The plan is for the team to be overseen by Basketball Victoria, with associations that wish to be involved as shareholders.
As is mentioned here, the Tigers are still very much a chance. Their bluff has been called, they dont want to miss a season, they just assumed the season would be called off when they and the Dragons pulled out.
If they decide to enter, and are allowed in, it will make interesting times for the Dragons. BA wants teams in the three big cities that are partly run by the state associations - quite rightly.
So if the Tigers are back in, the second Melbourne team will most likely come from Bball Vic, and the Dragons would have to enter a joint entity, using their brand, if they wish to resurface under those conditions.
Intriguing... But it looks reasonably likely there will be a Melbourne team, leading to a TV deal slightly better than last year, and an 8 team comp will then go ahead.
Also, dont be surprised if a pseudo government entity - ie a private company that was set up by the govt and is funded by the govt - is a naming rights or major sponsor next year.
BA will be pushing hard for govt funds, and that is an easy way for govt to provide such support without looking like they are providing charity to a pro sports league.