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Yeah, I'd like to know exactly what the Bulls territorial rights are. It gets referred to a lot, but I've never seen or heard anything definitive on it, and searching on the internet doesn't turn up much.
Well, I may have just answered my own question. I just found this article:
which says, in part, that minor league territorial rights extend 35 miles from the existing teams home plate, to the closest city limit line of the city wanting a team. It also says the rule used to be 10 miles, so I assume that's why G'boro and W-S both have teams.
It's a similar situation with Charlotte. There is the Charlotte Knights and the Kannapolis Intimidators