If you watch the espn ticker during the video you can see the score to the portland vs houston game. This is right when the guy says this is when we will let the top 32 teams battle it out. Its before the NFL news that Ken Lucas resigned with the seahawks.
http://espn.go.com/nba/boxscore?gameId=290426010
My guess would be either this video was catured sometime around then or they did that part of the video during that timeframe.