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NBA Approves Vote to Explore Expansion Bids Exclusively in Las Vegas and Seattle

The NBA's Board of Governors has approved a vote to explore expansion bids exclusively in Las Vegas and Seattle, per Shams Charania. Each new franchise is expected to generate bids in the $7-10 billion range. Multiple high-ranking officials have termed expansion as 'when, not if,' as the NBA officially kicks off its 32-team expansion process.