NBA gets OK to explore Las Vegas, Seattle expansion

The NBA Board of Governors gave the league approval to begin exploring bids for potential expansion teams in Las Vegas and Seattle on Wednesday.

The bidding process is expected to generate offers in the $7 billion to $10 billion range for each franchise, ESPN reported.

"Today's vote reflects our Board's interest in exploring potential expansion to Las Vegas and Seattle -- two markets with a long history of support for NBA basketball," said NBA commissioner Adam Silver. "We look forward...