What changed
The NBA is reviewing bids from three finalist groups for a potential Las Vegas expansion team. The ownership process is reportedly nearing a selection, but no winning group or franchise award has been confirmed.
Why it matters
Las Vegas has moved from being a broad expansion possibility to a decision involving three specific ownership bids. If the NBA chooses one, the city would take a major step toward joining the league as a new franchise market.
For now, the key distinction is simple: this is an ownership-selection stage, not the launch of a team. The next meaningful signal will be the NBA naming a winning group and confirming whether expansion has been approved.
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