Los Angeles Lakers forward LeBron James confirmed he will not participate in any ownership group seeking an NBA expansion franchise in Las Vegas.
Speaking to reporters on March 19, 2026, James responded “No, I’m not. Not at all,” when asked about joining a prospective bid for a Las Vegas team.
Expansion Plan Moves Forward
The league’s board of governors plans to vote next week on whether to explore adding teams in Las Vegas and Seattle, according to ESPN’s Shams Charania. Sources told ESPN the NBA is targeting the 2028-29 season for both clubs to begin play.
Current discussions place the expected expansion fee at up to $8 billion per franchise.
Fenway Sports Group Steps Back
James has long expressed interest in owning a Las Vegas team and has partnered since 2011 with Fenway Sports Group (FSG), owners of the Boston Red Sox and Liverpool F.C. However, The Athletic reported that FSG is “out” on an NBA bid because of the projected cost, citing two sources with direct knowledge of the firm’s plans.
One source close to James told The Athletic that FSG’s decision makes it “less likely” the four-time MVP will pursue ownership.
Rising Valuations Drive Interest
Franchise prices continue to climb; the Lakers recently saw a majority stake sold to Mark Walter at a $10 billion valuation. League officials view Las Vegas and Seattle as attractive, fast-growing markets capable of supporting new teams and generating additional revenue.
The upcoming vote will determine whether the NBA formally opens the bidding process for expansion. While interest in the two cities remains high, James has now removed himself from consideration as a potential owner.
Source: LakersNation.com
