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Nba Expansion

All articles tagged with #nba expansion

NBA nears Las Vegas expansion owner selection with $13 billion price tag
sports13 days ago

NBA nears Las Vegas expansion owner selection with $13 billion price tag

The NBA is expected to select a new owner for its Las Vegas expansion team in the coming weeks, with the combined cost of the franchise and a new arena estimated at $12 to $13 billion. Three finalist groups remain in the running, including a partnership led by Jerry Colangelo and Bill Foley. The league aims to finalize approvals for both Las Vegas and Seattle by the end of 2026, with the new teams potentially debuting in the 2028-29 season.

via NBC Sports|
#adam-silver#bill-foley#jerry-colangelo
sports13 days ago

NBA narrows Las Vegas expansion to three finalists, including Colangelo-Foley group

The NBA is close to selecting an owner for its Las Vegas expansion team, with three groups remaining in the final round. Jerry Colangelo and Bill Foley have joined forces, while the league aims to finalize the decision by year-end. The new franchise is expected to debut in the 2028-29 season, with total costs for the team and arena estimated at $12-13 billion.

via Arizona Sports|
#adam-silver#bill-foley#jerry-colangelo
NBA Finalizes Three Bidders for $12B Las Vegas Expansion
sports14 days ago

NBA Finalizes Three Bidders for $12B Las Vegas Expansion

The NBA is poised to select a winning bidder for a new Las Vegas franchise within weeks, with the combined cost of the team and a new arena estimated at $12-13 billion. Three finalist groups have been identified, led by Nancy Walton Laurie, Steve Apostolopoulos, and Bill Foley. While Las Vegas faces arena construction delays, Seattle remains a viable secondary option with an existing venue, potentially allowing for a staggered expansion rollout.

via Bleacher Report|
#adam-silver#bill-foley#jerry-colangelo
sports27 days ago

Silver Defends Clippers Punishment, Confirms Expansion Timeline Amid Ballmer’s Compliance

NBA Commissioner Adam Silver defended the league’s sanctions against the Los Angeles Clippers for salary cap circumvention, emphasizing the need to balance competitive integrity with franchise survival. Silver confirmed that owner Steve Ballmer has accepted the penalties, including a one-year suspension and a $30 million fine, after initially contesting them. The commissioner also outlined the timeline for NBA expansion in Las Vegas and Seattle, with a decision expected by the end of 2026, and addressed ongoing arena negotiations for the Portland Trail Blazers.

via NBA.com|
#adam-silver#los-angeles-clippers#nba
sports27 days ago

NBA Expansion: Seattle's Arena Readiness Outpaces Las Vegas' Uncertainty

NBA Commissioner Adam Silver confirmed that Seattle is significantly closer to hosting an expansion team than Las Vegas, as Climate Pledge Arena is nearly ready for NBA use, while Las Vegas faces unresolved venue and timeline issues. The league aims to decide on expansion by the end of 2026, with potential bids reaching $7 billion for Seattle and $10 billion for Las Vegas.

via Seattle Sports|
#adam-silver#climate-pledge-arena#las-vegas
NBA Expansion Decision Looms as Las Vegas Bids Surge Past Seattle
sports28 days ago

NBA Expansion Decision Looms as Las Vegas Bids Surge Past Seattle

NBA Commissioner Adam Silver confirmed that operational teams have inspected Climate Pledge Arena in Seattle, stating the venue is nearly ready for basketball. While Seattle’s infrastructure is advanced, Las Vegas bids are moving faster, with proposals potentially exceeding $10 billion. A final expansion decision is expected by the end of 2026, with teams potentially starting in the 2028-29 season.

via KOMO|
#adam-silver#climate-pledge-arena#las-vegas-arena
Vegas on Deck: The Crowded Quest for an NBA Franchise
sports3 months ago

Vegas on Deck: The Crowded Quest for an NBA Franchise

Las Vegas is pursuing an NBA expansion with a crowded field of potential owners and a multi‑billion-dollar price tag. Bill Foley is a front‑runner thanks to an arena deal and local success; high‑powered backers Joshua Kushner and Bob Iger loom as a stealthy, top‑tier bid; the Las Vegas Jacks led by Jerry Colangelo aim for an all‑cash bid and a new arena; other groups including Magic Johnson's MAGI, Mark Davis, and Shaq are in play, while LeBron James has cooled on pursuing a team. With the league weighing the market and a year‑end decision anticipated, Vegas could host one or two new franchises in coming years.

via The Ringer|
#bill-foley#las-vegas#nba-expansion
NBA Expansion Talks, Friday MLS Cup, and DAZN Boxing Deal on the Horizon
sports7 months ago

NBA Expansion Talks, Friday MLS Cup, and DAZN Boxing Deal on the Horizon

The NBA Board of Governors will vote next week to explore expansion to Las Vegas and Seattle, with an expected expansion fee of $7–10 billion and a potential start in 2028–29; MLS Cup will be played on a Friday night next season due to the FIFA World Cup pause and MLS’s shift to a summer‑to‑spring calendar; DAZN is reportedly finalizing a deal with Top Rank Boxing to carry eight to ten fights per year at roughly $1–$1.25 million per event, expanding the combat sports slate on the streamer. The article also notes broadcast and rights developments involving Fox Sports, ESPN on ABC, and other league/media topics.

via Sports Media Watch|
#dazn-top-rank-boxing#las-vegas#mls-cup