India, Sept. 16 -- The league's Board of Governors approved an exploration of potential expansion into Las Vegas and Seattle in March, and the process has now entered a more advanced phase. ESPN's Shams Charania reported that the NBA is progressing toward what could eventually result in franchises being awarded to both cities. If that happens, the expansion fees could reach unprecedented levels, with reports suggesting valuations of more than $7 billion for Las Vegas and potentially over $10 billion for Seattle.

NBA Expansion to Las Vegas and Seattle: How Much Could the New Teams Cost?

The NBA's expansion plans involving Las Vegas and Seattle are moving into a more advanced phase, with the league now preparing for another round of bids....