NBA Expansion Bids for Las Vegas and Seattle Could Top $9 Billion

The NBA has reportedly asked interested groups for a Las Vegas expansion team to submit more detailed portfolios ahead of a September bidding deadline. The league expects bids in the $7-10 billion range, with some insiders floating $9 billion for Vegas and a lower figure for Seattle. Nancy Walton Laurie and Bill Foley are among the leading candidates to own the Las Vegas franchise.