"The National Basketball Association Board of Governors voted on Wednesday in favour of the league exploring bids for expansion teams in Las Vegas and Seattle. 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 in a statement."
"The vote does not guarantee Seattle and Las Vegas will receive expansion teams, but it allows the league to formally explore those opportunities, with bids expected to command between $7bn and $10bn per team."
"If the league moves forward, both teams are expected to begin play ahead of the 2028-29 season, marking the NBA's most significant expansion step since the Charlotte Bobcats joined in 2004."
All 30 NBA owners voted to explore bids for expansion teams in Las Vegas and Seattle, with the 2028-29 season as the target entry point. Commissioner Adam Silver stated that the vote reflects the Board's interest in these markets, which have a history of supporting NBA basketball. While the vote allows for exploration, it does not guarantee expansion. Bids for the teams are expected to range from $7 billion to $10 billion. If approved, the new franchises will likely join the Western Conference, prompting a shift of an existing team to the East.
Read at www.aljazeera.com
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