The NBA has approved a step toward expansion, focusing on Las Vegas and Seattle as potential new teams. A bidding process is expected to follow, with franchise values projected between 7 and 10 billion dollars.
The NBA has taken a major step toward expansion, with its Board of Governors approving a process to explore new teams.
According to Shams Charania, the league will now begin reviewing bids and applicants, with Las Vegas and Seattle identified as the two target markets.
The move signals growing momentum for expansion, something that has been widely discussed recently as the NBA continues to grow globally.
A bidding process is expected to follow, and it could reach historic numbers. Reports suggest each new franchise could be valued between 7 and 10 billion dollars, which would mark a record entry point for ownership in professional basketball.
Seattle has long been seen as a strong candidate after losing the SuperSonics in 2008, while Las Vegas has emerged as a major sports hub, already hosting NBA events and attracting strong interest from investors.
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