NBA close to picking new $12-13bn Vegas team owners: report

AI Summary

The NBA is reportedly close to selecting owners for a prospective Las Vegas expansion team, with franchise rights valued at $12–13 billion. A new arena would add to the investment, while Las Vegas currently has NFL and future MLB representation but no NBA team.

The NBA will choose owners for a new Las Vegas team "in the very near future," with a whopping $12-13 billion price tag for the franchise rights plus the cost of a new arena, ESPN reported Tuesday.But the city -- which boasts the NFL Raiders franchise and will soon welcome an MLB side -- has never had its own NBA team.