NBA reportedly close to selecting winning bid for Las Vegas expansion team, has 3 finalist groups
The Las Vegas expansion team is expected to have a deal worth at least $12 billion.
The NBA is reportedly nearing the selection of the winning bid for the Las Vegas expansion team, with three finalist groups in contention, according to ESPN’s Shams Charania. The deal is anticipated to be worth a minimum of $12 billion, similar to the recent record-breaking sale of the Los Angeles Lakers for $12.5 billion to a group led by Josh Kushner and Bob Iger.
Three potential owners have been identified for the Las Vegas team: Nancy Walton Laurie and Bill Laurie, Steve Apostolopoulos and Marc Lasry, and Bill Foley and Jerry Colangelo. The NBA has been considering expansion for several years, with Las Vegas and Seattle identified as the two leading cities. As of now, the future of a Seattle franchise, which would revitalize the SuperSonics, remains uncertain.
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