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NBA takes key step toward adding Las Vegas, Seattle teams
The NBA Board of Governors approved exploring expansion bids for Seattle and Las Vegas, aiming for 32 teams by 2028-29 with franchise bids expected between $7 billion and $10 billion.
- On Wednesday, the NBA Board of Governors voted to formally explore expansion, initiating a process to evaluate potential ownership groups in Seattle and Las Vegas for new franchises.
- NBA Commissioner Adam Silver stated the vote reflects interest in markets with long histories of supporting basketball; Seattle has lacked a team since the SuperSonics relocated to Oklahoma City in 2008.
- Investment bank PJT Partners will evaluate prospective ownership groups and arena infrastructure, with experts expecting the bidding process to generate offers ranging from $7 billion to $10 billion for each franchise.
- Targeting the 2028-29 season, officials aim to expand the NBA to 32 teams, which executives anticipate will require realigning the Western Conference and moving at least one team to the East.
- Vetting of ownership bids will continue over the coming months, with a potential final vote later this year; proceeding with expansion requires 23 of 30 governors to vote in the affirmative.
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Hawaii Tribune-Herald+2 Reposted by 2 other sources
NBA governors approve vote to explore expansion to Seattle and Las Vegas
NEW YORK — The NBA is taking its biggest step toward expansion. The league’s Board of Governors voted Wednesday to approve an exploration of adding two new franchises in Las Vegas and Seattle.
Coverage Details
Total News Sources141
Leaning Left31Leaning Right13Center49Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 33%
C 53%
14%
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