The NBA plans to select the winning bid for owner of the Las Vegas expansion team “in the very near future.” The franchise and new arena is expected to be sold for $12 billion to $13...

The owner of the NBA’s Las Vegas expansion team will be chosen from a list of three finalists bidding $12 billion to $13 billion for the franchise, according to a report.

The NBA is set to choose the winning bid group to be the owner of the Las Vegas expansion team, to the tune of $12 billion to $13 billion, according to ESPN.