Marc Lasry's group exits Las Vegas NBA expansion bid

Marc Lasry's group, which includes Steve Apostolopoulos, has withdrawn from the Las Vegas NBA expansion process. The group had submitted a bid of approximately $9 billion to $9.5 billion but decided to exit after the league indicated that franchise prices would exceed $10 billion. Sources reveal that the group felt their offer aligned with market expectations and did not intend to raise their bid. This departure marks a significant moment in the ongoing discussions about NBA expansion into Las Vegas.

• 7:54 PMYahoo Sports — Former Bucks owner Marc Lasry's group exits Las Vegas expansion process