What happened: The Lauries, who possess an estimated net worth of $17.8 billion, are weighing an entry into the field of suitors for a Southern Nevada franchise. Prospective ownership groups were required to submit their management structures and financing sources to the league by Monday.

Why it matters: Commissioner Adam Silver recently confirmed the league is evaluating several serious proposals for teams in Las Vegas and Seattle. The couple brings prior major league experience to a potential bid, having previously owned the NHL's St. Louis Blues before selling the franchise in 2006.

What to watch: The league and investment bank PFT Partners will review the submitted proposals as the evaluation phase continues.