""Today's vote reflects our Board's interest in exploring potential expansion to Las Vegas and Seattle - two markets with a long history of support for NBA basketball," commissioner Adam Silver said."
""The value each new franchise could generate is expected to range from a whopping $7-10 billion. The Los Angeles Lakers have fetched the most cash so far, procured by an ownership group at a $10 billion valuation.""
""A resurrected SuperSonics club would have a ready-made homecourt in Climate Pledge Arena, which opened in 2021 and currently houses the Seattle Kraken.""
The NBA's Board of Governors has voted to explore bids for expansion teams in Las Vegas and Seattle. Commissioner Adam Silver expressed interest in these markets, which have a strong history of NBA support. The league will evaluate bids over the coming months, with new teams potentially starting in the 2028-29 season. An investment bank has been brought in to assist with the process. The value of each new franchise is projected to be between $7-10 billion, indicating significant financial interest in the expansion.
Read at Bleacher Nation
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