NBA Plans a "Major Announcement"

An NBA press release:

WHAT: Major NBA Announcement

WHO: David Stern, NBA Commissioner
Timothy J. Leiweke, President & CEO AEG
Antonio Villaraigosa, Mayor of Los Angeles
Jan Perry, Councilwoman Ninth District

WHEN: Sunday, June 7 @ 4:15 pm PT

WHERE: STAPLES Center Interview Room

I have no insider information, but given the local politicians, you have to assume it's an announcement about something that's going to happen in Los Angeles. And Leiweke himself was the source of a recent story speculating that the NBA draft could be leaving New York and moving to Los Angeles.

UPDATE: Another popular theory: Could be an announcement that the 2011 All-Star Game will be in Los Angeles. (2010 will be in Dallas.)