New NBA Rumors on Expansion Timeline, Franchise Values for Las Vegas, Seattle

The NBA Board of Governors previously authorized an exploration of expansion into Las Vegas and Seattle back in March, and now the process is advancing into further stages, per ESPN's Shams Charania, who provided an update on Tuesday's edition of NBA Today.

"The NBA and [Commissioner Adam Silver] are in deeper and deeper stages of the expansion conversation, and I'm told specifically for Las Vegas the next round of bids for an expansion team in Las Vegas are due on Thursday, and then final bids expected to be some point shortly thereafter. My understanding is proposals for that Vegas team is reaching and potentially exceeding $10 billion, and so far, the Vegas process has moved with more pace than Seattle, but those Seattle conversations are continuing as well.

"And remember, the league has been targeting as soon as the 2028-29 season for the start of these expansion teams, and they all are also projecting both teams to be in the top 10 in terms of market and revenue share moving forward.

"And so right now, Adam Silver is gonna continue the bids process, and it's unclear when a final vote would be, and I think over the next couple of months, we're gonna get clarity on the final offers, potentially $10 billion-ish in Las Vegas, potentially $7 billion range in Seattle, and then a potential vote to finalize expansion to 32 teams."

This article will be updated soon to provide more information and analysis.

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