NBA Board of Governors meeting today to launch expansion process with Seattle, Vegas leading

The NBA’s Board of Governors is set to meet in New York Wednesday to formally give the league permission to begin the process of selecting potential candidate cities for expansion – with Seattle and Las Vegas the only cities that are expected to be approved at the meeting for formal vetting. Formal vetting for buyers of teams is usually a months-long process involving detailed, forensic examinations of the financial capabilities of potential ownership groups to finance what is expected to be an NBA record-setting expansion fee of as much as $10 billion for each city’s new ownership, according to multiple league executives and industry experts contacted by The Athletic. New York Times This article originally appeared on Hoops Hype: NBA Board of Governors meeting today to launch expansion process with Seattle, Vegas leading