NBA nears expansion progress with bids for Las Vegas and Seattle teams

The NBA is advancing its plans to expand into Las Vegas and Seattle, marking significant progress since the last team was added in 2004. Bidding deadlines have been set, with estimates for each franchise between $7 billion and $10 billion. Las Vegas is generating more interest, with prominent potential owners including Bill Foley and Nancy Walton Laurie. Seattle, where interest is lower, has Samantha Holloway, owner of the NHL’s Kraken, as the only public bidder. The NBA's Board of Governors has approved the preliminary process, paving the way for prospective owners to submit bids, with more meetings planned in the coming months.

• 11:13 PMYahoo Sports — NBA Makes Progress On Expansion: Latest Details About Potential Las Vegas, Seattle Teams