Image courtesy nytimes.com
| System ID: | jl-003d738384135d60297b04bf9933896b |
|---|---|
| Title: | With NBA expected to formally begin expansion vetting, what's next in Seattle and Las Vegas? |
| Link: | Original article on nytimes.com |
| Region: | US |
| Topics: | team; share; vegas; formally; expansion; league; billion; seattle; whats; expected; teams; begin; las; vetting; city; nba; The Athletic; Expansion team; Board of directors; National Basketball Association; Adam Silver; Climate Pledge Arena; Commissioner of the NBA; Major League Baseball All-Star Game; Collective bargaining; Basketball |
| Datetime: | 3/25/2026, 10:00:19 AM |
| Summary: | Two senior NBA team officials told The Athletic they believe the minimum expansion fee will likely be $8 billion per city. The vetting process will determine who can carry such a financial load — and have enough to then successfully run an expansion team — in each city. Adding two expansion teams would dilute each team’s share. The Kraken’s CEO, Tod Leiweke, is part of a family with multiple ties over the last few decades to NBA teams. But the building was designed so that it could also be easily retrofitted to house an NBA team as well.... |
