The NBA’s board of governors has approved a vote for the league to explore bids and applicants for expansion teams exclusively in Las Vegas and Seattle.
All 30 owners voted in favor of exploring Las Vegas and Seattle expansion, sources told ESPN. A bidding process is expected to generate offers in the $7-10 billion range for each team, according to sources.
Sources told ESPN last week that the league is targeting the 2028-29 season for the two expansion franchises to start playing.