NBA reportedly close to selecting winning bid for Las Vegas expansion team, has 3 finalist groups

The NBA is reportedly close to selecting a winning bid for a Las Vegas expansion team, with three finalist groups remaining in contention. The deal, reported on September 29, 2026, is expected to be worth at least $12 billion and will include the construction of a new arena in the city. The league appears to be in the final stages of awarding ownership of the new franchise.