JOURNAL ARTICLE

NBA Backs Expanding to Seattle, Vegas; Sees $10 Billion Fee.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Williams, Randall 3 of 3

Abstract

The article focuses on the NBA owners' decision to explore expanding the league by adding franchises in Las Vegas and Seattle, marking the first expansion in two decades. NBA Commissioner Adam Silver highlighted that the market will determine the value of new teams, which could fetch between $7 billion and $10 billion each, reflecting the league's significant growth in franchise valuations. Seattle, which lost its former team in 2008, and Las Vegas, a growing sports market with existing NFL and NHL teams, are considered leading candidates, with several wealthy investors expressing interest. The expansion process, managed by PJT Partners, is expected to unfold throughout the year, aiming for new teams to begin play in the 2028-2029 season. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2026
  • Accession Number:192569547
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