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2mo ago

NBA Approves Expansion Process Toward 32 Teams

Prices are expected to reach $7 billion to $10 billion per franchise.

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Overview

  • The NBA Board of Governors approved on Wednesday the start of a formal process to add two teams and grow the league to 32.
  • Seattle and Las Vegas are the leading markets, and the league will now review their ownership and arena proposals before any award.
  • Each new franchise is estimated to cost between $7 billion and $10 billion, which would deliver a large cash payout to current owners.
  • If the bids advance, final approval to create the teams would require at least 23 votes from the 30 governors.
  • The league expects the new clubs could begin play in the 2028–29 season, and balancing the conferences could move Minnesota or Memphis to the East.