NBA to Consider Expansion to Las Vegas and Seattle, Fee Could Reach $10 Billion
SLUG: nba-expansion-las-vegas-seattle-10-billion-fee
The National Basketball Association plans to vote on granting new franchises to Las Vegas and Seattle, with the combined expansion fee potentially climbing to $10 billion, according to a report.
The prospective fee would be shared among current team owners if the measure passes. No additional details about the timing of the vote or the structure of the payment were disclosed.
A successful vote would return an NBA team to Seattle for the first time since the SuperSonics relocated in 2008 and bring the league to Las Vegas for the first time.
Source: New York Post
