Forbes just came out with their most recent valuation of the 30 NBA teams and according to them, almost half of them are worth more than a billion dollars. In other words, this is the first time in the history of the league that the average worth of an NBA team is over $1 billion. Of course, not all teams are valued the same and there are some significant deviations from the median value.
For instance, the New York Knicks are once again in the top spot, valued at $3 billion. Just as a reminder, last year they were ranked second behind the Los Angeles Lakers, but the new TV deal moved them up a spot, once again making them the most valuable NBA team. Another reason why the Knicks rank at the top are their revenues which lead the league. With a 20 percent increase in value, the Knicks are now the fourth most valuable franchise in the country, trailing only the Dallas Cowboys, the New England Patriots and the New York Yankees.
Despite the fact they are having one of the worst seasons in the history of the franchise, the Los Angeles Lakers are in the second spot according to Forbes, valued at $2.7 billion. History, Kobe and the largest market in the country are definitely enough to keep the Lakers near the very top. The Chicago Bulls are in the third spot, valued at $2.3 billion, the Boston Celtics are fourth, at $2.1 billion, and the Los Angeles Clippers are fifth, at $2 billion. The reigning champs, the Golden State Warriors made it to spot #6, with an estimated value of $1.9 billion.
At the very bottom, you will find the New Orleans Pelicans who are worth a “mere” $650 million. The second least valuable franchise are the Milwaukee Bucks who are worth $675 million and the Philadelphia 76ers are just ahead of them, valued at $700 million.
The only teams whose value hasn’t increased from last year are the Pelicans, the Sixers, the Atlanta Hawks and the Denver Nuggets. All other teams have become at least somewhat more valuable over the last 365 days. One thing is for sure – it is definitely a good time to be an NBA team owner. It must be so good to have that kind of money.