The NBA Board of Governors has provided approval for the league to consider expansion bids exclusively in Seattle and Las Vegas during late 2026, with an application process expected to generate between $7-10bn offers for both teams.
NBA Owners and Governors are reportedly targeting the 2028-2029 regular season as to when the franchises would make their inaugural debuts in the league. Seattle had previously been home to the SuperSonics from 1967-2008, prior to the franchise’s relocation to Oklahoma City.
"Today's vote reflects our Board's interest in exploring potential expansion to Las Vegas and Seattle – two markets with a long history of support for NBA basketball," NBA Commissioner Adam Silver said.
"We look forward to taking this next step and engaging with interested parties."
The NBA has also brought on investment bank PJT Partners to assist in the evaluation process, specifically gauging potential ownership groups, arena infrastructure and the economic implications of both expansions.
In order for either expansion to be approved by the NBA Board of Governors, 23 of 30 officials must sign off on the transactions during the vote expected to take place later this year.
MGM Resorts International President & CEO Bill Hornbuckle spoke on the city’s potential move for an NBA franchise, having said, “Thanks to the NBA’s Board of Governors for voting to explore expansion into Las Vegas. It’s only the first step, but it’s a big step. A new team would be great for both locals and visitors, while creating jobs and providing a boost to the economy.
“T-Mobile Arena was built for basketball and hockey. Our long-standing relationship with the League is a positive one that stretches back many years, and we would welcome the opportunity to work with the NBA on creating an unforgettable fan experience.”
Las Vegas has previously hosted the NBA’s In-Season Tournament, as well as been home to the Las Vegas Raiders NFL franchise and Vegas Golden Knights NHL franchise for over five years.
The city is also expected to become the home of the Athletics MLB franchise by 2028, with a new stadium planned to be built on the Las Vegas Strip as part of an integrated casino-resort offering from Bally’s Corporation.
Hornbuckle addressed new developments in Las Vegas at the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on March 13, including a new property set to be built by Hard Rock International.
Sportradar announced a multi-year partnership with NBC Sports Regional Sports Networks on February 9 to enhance NBA live broadcasts through advanced data visualization and real-time storytelling tools
