The NBA’s expansion process is heating up.
On Tuesday, the Las Vegas Jacks, a group led by former NBA owner and executive Jerry Colangelo and Horizon Sports & Experiences CEO David Levy, announced their plans to submit an expansion bid to bring an NBA team to the city. The group also includes ESPN commentator and former Bulls point guard Jay Williams and former Clippers coach Vinny Del Negro.
The group’s working logo is of a Jack playing card holding a basketball and complements the WNBA’s Aces as part of the city’s gambling identity. The Jacks have plans to build their own arena if awarded a bid along with an entertainment district.
Colangelo’s group claims to have already raised $8 billion for an expansion bid, and became the latest party to express interest in bringing an NBA team to Sin City in recent weeks.
The Jacks joined Vegas Golden Knights owner Bill Foley, who has said he will pursue an expansion bid in the city, as have former Disney CEO Bob Iger (alongside venture capitalist Josh Kushner), former Bucks owner Marc Lasry, and NBA legend Magic Johnson.
