The NBA is officially looking at expansion, with Seattle and Las Vegas being the two targeted cities. A vote by the league's board of governors paved the way for formal discussions between potential ownership groups in those two cities and NBA officials. Investment bank PJT Partners has been brought on as a strategic adviser to evaluate prospective markets, ownership groups, arena infrastructure, and the economic implications of expansion. The process is expected to start soon, with no deals yet being reached. There are no guarantees that the league will expand, but an odd number of teams could create interesting schedule scenarios. If expanded, the league would be selling equity in the current product.