NBA Closing in on Decision for Las Vegas Expansion Team

The winning bid is projected to be worth at least $12-13 billion

The NBA is nearing a decision on which ownership group will be awarded the future Las Vegas expansion franchise, with an announcement expected in the near future.

The winning bid is projected to be worth at least $12-13 billion, a figure that would include both the franchise and a new arena. Three groups have reached the final stage of the bidding process: Nancy Walton Laurie and Bill Laurie; Steve Apostolopoulos and Marc Lasry; and Bill Foley and Jerry Colangelo.

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