NBA expansion cities, explained: What we know about timeline for teams coming to Las Vegas, Seattle in 2028-29
The NBA's Board of Governors has approved a vote to explore bids for expansion teams in Seattle and Las Vegas, with the potential for two new teams to join the league in 2028-29. The bidding process is expected to generate offers in the $7-10 billion range for each team, with the new owners to be determined after a thorough vetting process.
The NBA is moving forward with expansion plans. The Board of Governors has approved a vote to explore bids for teams in Seattle and Las Vegas. The bidding process will start soon, with each team valued between $7-10 billion. Investors and investment groups can make official bids to become owners of the new teams. A final vote will be held later in the year to approve the transactions. The NBA will thoroughly vet potential owners before making a decision.
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