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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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Las Vegas and Seattle are mentioned as the main candidates.
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Total News Sources110
Leaning Left24Leaning Right11Center45Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 30%
C 56%
14%
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