There's talk that FIBA, basketball's world governing body, wants to create a new club world championship.

It would be similar to FIFA's Club World Cup, the soccer tournament that is held in Japan each year, and according to recent published reports, the Japan Basketball Association has said FIBA wants to create a 14-team tournament.

The proposed annual tournament would feature the NBA champion and the top four teams in the Americas and Europe, and top two apiece from the federations in Asia, Africa and Oceania, to determine the so-called No. 1 hoop club in the world.