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u/Turbostrider27onReddit5d ago
[Charania] Breaking: 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, sources tell ESPN. A bidding process is expected to generate offers in the $7-10 billion range for each team.
Shams Charania:
Breaking: 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, sources tell ESPN. A bidding process is expected to generate offers in the $7-10 billion range for each team.
https://www.espn.com/contributor/shams-charania/0a9ea068e9ec8
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Analysis Summary
This is real — the NBA Board of Governors voted Wednesday to explore expansion franchises in Las Vegas and Seattle, with expected franchise values of $7-10 billion each. Remarkably, all 30 owners supported the measure, clearing the path for a formal bidding process and a potential final vote later in 2026 for a 2028-29 season launch.
Claims Analysis (2)
“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 unanimously Wednesday to explore expansion. Confirmed by NBA, multiple outlets, Charania directly.
“A bidding process is expected to generate offers in the $7-10 billion range for each team”
Widely reported figure corroborated by ESPN sources and multiple sports outlets.
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