Jan 22, 2014, 1:27 PM EDT
A more favorable Collective Bargaining Agreement for the owners coupled with a crop of young stars increasing television ratings has been good for NBA owners.
Franchise valuations are up. Way up. Setting record levels up. Up 25 percent on average over a year ago up. The average team made a profit of $23.7 million.
And you wonder why the owners are so loyal to David Stern.
Those figures are from Forbes Magazine, which released its annual report on franchise values Wednesday. While the magazine’s assessment is admittedly somewhat flawed, until the NBA owners decide to open their books up to the public (good luck with that) this is the best we have.
At the top of the list money-making list is the New York Knicks, which in a renovated Madison Square Garden is worth a record $1.4 billion, according to Forbes. Because the renovated building is drawing in more money than expected, the Knicks had a league-record profit for the 2012-13 season of $96 million, the magazine estimates.
The Lakers are just half a step back of the Knicks in franchise value at $1.35 billion, reports Forbes, and the team turned a tidy $66 million profit, according to the magazine. The main reason for all the cash is the massive $3.6 billion local television deal they struck with Time Warner Cable.
The rest of the top 10 are the Chicago Bulls ($1 billion), the Boston Celtics ($875 million), the Brooklyn Nets ($780 million), the Houston Rockets ($775 million), the Miami Heat ($770 million), the Dallas Mavericks ($760 million), the Golden State Warriors ($750 million), and the San Antonio Spurs ($660 million).
The bottom five are the Minnesota Timberwolves ($430 million, and they operated at a $2.7 million loss last season according to Forbes), the Atlanta Hawks ($425 million), the New Orleans Pelicans ($420 million), the Charlotte Bobcats ($410 million), and the Milwaukee Bucks ($405 million).
Jul 22, 2014, 5:11 PM EDT
Adam Silver does the classy thing. Again.
Jul 22, 2014, 4:20 PM EDT
Evan Turner is now a reclamation project — if he wants to get paid he has to become more efficient.
Jul 22, 2014, 3:38 PM EDT
It means the Timberwolves want to send Kevin Martin out in the Love deal, Cavs trying to make that happen.
Jul 22, 2014, 2:46 PM EDT
Once signed, he can’t be traded for 30 days … to the Timberwolves, for example.
Jul 22, 2014, 2:04 PM EDT
Taj Gibson and Jimmy Butler would reportedly be sent to Minnesota.
Jul 22, 2014, 1:42 PM EDT
Blake Griffin, James Harden, Kawhi Leonard and Damian Liillard among players who would face fines if they participated in a planned exhibition in Manila.
High school standout Emmanuel Mudiay skips college for China payday. You’ll see more of this if age limit goes up.
Jul 22, 2014, 1:01 PM EDT
If the age limit jumps to 20 more players will choose getting paid over college.
Jul 22, 2014, 12:27 PM EDT
Wizards take a more subtle approach than some of the others we’ve seen.
Jul 22, 2014, 11:49 AM EDT
Rookies Doug McDermott and Marcus Smart make the cut to train with the National Team in Vegas.
Jul 22, 2014, 11:13 AM EDT
Vujacic is known for his time with the Lakers, and hasn’t played meaningful minutes since 2011.
Jul 22, 2014, 10:37 AM EDT
Kings go nuts after winning Summer League championship.
Jul 22, 2014, 9:59 AM EDT
Restricted free agent remains unsigned.
Jul 22, 2014, 9:20 AM EDT
Seattle won 1979 title before team moved to Oklahoma City
Jul 22, 2014, 8:42 AM EDT
The list includes Gorgui Dieng and Donatas Montiejunas.
Jul 22, 2014, 8:00 AM EDT
Carter denies LeBron’s advisors forced him back to Cleveland
Jul 22, 2014, 1:24 AM EDT
Ray McCallum dropped 29 and even threw in a Jordan shrug.
Jul 22, 2014, 12:01 AM EDT
Would you rather have Harrison Barnes or Draymond Green?
Jul 21, 2014, 11:00 PM EDT
Hummel gets second NBA deal after spending season in Spain
Jul 21, 2014, 10:00 PM EDT
Former Colorado point guard out with ACL tear
Jul 21, 2014, 9:00 PM EDT
Jazz point guard will help national team prepare for World Cup this summer
- Report: Cavaliers trying to acquire other players to put in Kevin Love trade 29
- Report: Bulls making push to trade for Kevin Love 61
- Seven standout players from Las Vegas Summer League 9
- Maverick Carter: LeBron James and Dwyane Wade still speak nearly daily 32
- Red hot Ray McCallum leads Sacramento Kings to Summer League title with 77-68 win against Houston 3
- Lakers great Michael Cooper diagnosed with cancer 16
- Report: Stan Van Gundy tells Josh Smith, barring unexpected trade, forward will start season with Pistons 8
- Mike Krzyzewski would trade Andrew Wiggins for Kevin Love with “not one second of hesitancy” 75