League: NBA Sport: Basketball Country: United States Category: Scores & Results

NBA reviews bids for Las Vegas expansion team ownership

2 sources • 1 min read • Latest: Sep 29, 2026, 8:42 PM

Last updated Sep 29, 2026

NBA reviews bids for Las Vegas expansion team ownership

Summary

The NBA is in the process of reviewing three finalist bids for the ownership of a new team in Las Vegas. The finalists include Nancy Walton Laurie and Bill Laurie, Steve Apostolopoulos and Marc Lasry, and Bill Foley and Jerry Colangelo. This significant decision is part of the league's expansion plans, anticipated to generate between $12 billion and $13 billion. The winning bid is expected to be selected soon, marking a pivotal moment for the NBA and Las Vegas as the potential home for a new franchise.

Source Links

ESPN

By the Numbers

•Three bids are under review for the Vegas team ownership.
•Finalists include Walton Laurie, Apostolopoulos, and Foley.
•The team’s estimated valuation ranges from $12 billion to $13 billion.
•The NBA plans to announce the winning bid shortly.

Latest Updates

9:21 PMESPN — Sources: NBA reviewing finalists' bids for Vegas team in $12-13B range

What they're saying

"
The NBA is expected to select the winning bid for owner of the Vegas expansion team from among three finalist group: Nancy Walton Laurie and Bill Laurie; Steve Apostolopoulos and Marc Lasry; Bill Foley and Jerry Colangelo.
— ESPNby Shams Charania

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NBA Basketball