"The NBA is targeting the 2028-29 season for the two expansion franchises to start playing, with a bidding process expected to generate offers in the $7-10 billion range for each team."
"A growing number of owners support expansion due to the long-term revenue growth potential from the Las Vegas and Seattle markets, with a final vote anticipated later this year."
"Seattle has been without an NBA team since 2008, when the SuperSonics relocated to Oklahoma City, while Las Vegas has been home to the WNBA's Aces since 2018."
The NBA's Board of Governors has approved a vote to explore bids for expansion teams in Las Vegas and Seattle. A bidding process is expected to generate offers between $7-10 billion for each team. The league aims for the new franchises to start playing in the 2028-29 season. Expansion is seen as a matter of 'when, not if,' with a final vote anticipated later this year. The growing support among owners is driven by potential long-term revenue growth from these markets.
Read at ESPN.com
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