NBA Reportedly Nearing Decision on Las Vegas Expansion Team Ownership
The NBA is reportedly close to selecting a winning ownership bid for a new expansion team in Las Vegas. The bids are valued between $12 billion and $13 billion, with several prominent groups vying for the franchise.
Las Vegas, NV, September 29, 2026 —
The National Basketball Association (NBA) is reportedly nearing a significant decision regarding a new expansion team in Las Vegas. Sources indicate the league is close to selecting a winning ownership bid for the potential franchise.
The proposed bids for the Las Vegas team are reported to be valued in the range of $12 billion to $13 billion. This substantial valuation highlights the considerable financial interest and investment being considered for an NBA presence in the city.
Several prominent groups are reportedly vying for the opportunity to own and operate an NBA team in Las Vegas. However, the specific names of these bidding groups have not been publicly disclosed at this stage of the process.
The NBA has not yet made an official announcement regarding the timeline for selecting a winning bid or the finalization of expansion plans for Las Vegas. Further details, including the identity of the selected ownership group and the subsequent steps toward establishing a team, are expected to be released by the league as developments occur.
Story summarized from the original created by Mick Akers on www.reviewjournal.com, see more information here.
