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NBA prepares for Las Vegas expansion franchise with multiple bidders

Yahoo Sports • 1 min read • Latest: Jul 27, 2026, 6:30 PM

Last updated Jul 27, 2026

NBA prepares for Las Vegas expansion franchise with multiple bidders

Summary

The NBA is set to establish an expansion franchise in Las Vegas for the 2028-29 season. Multiple bidders, including a consortium led by Bob Iger and Jerry Colangelo's Las Vegas Jacks, are competing for ownership. Bill Foley, owner of the NHL's Las Vegas Golden Knights, has hinted at a team name associated with the warrior class. He plans significant investments in T-Mobile Arena for the NBA. A final decision on the franchise's ownership and venue is expected by the end of the season.

Source Links

Yahoo Sports

By the Numbers

•NBA aims for a Las Vegas franchise by 2028-29.
•Bidders include Bob Iger and Jerry Colangelo.
•Bill Foley seeks to name the team with warrior connotations.
•Foley plans upgrades to T-Mobile Arena for NBA readiness.
•Final ownership decision anticipated by season's end.

Latest Updates

6:30 PMYahoo Sports — What NBA expansion franchise in Vegas could be called as billionaire bidder drops hint

What they're saying

"
The National Basketball Association will soon pitch up in Las Vegas, with multiple bidders vying to take control of the expansion franchise in a once-in-a-generation auction. The NBA want to launch in Vegas in time for the 2028-29 season, with a final decision on ownership and the stadium targeted by the end of the season at the latest.
— Yahoo Sports

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