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).
Oct 22, 2014, 11:15 PM EDT
No charges have been filed.
Oct 22, 2014, 10:20 PM EDT
J Crossover up close and personal.
Oct 22, 2014, 9:20 PM EDT
Rockets downgraded Parsons, but he’ll have a chance to reach new heights with Mavericks
Oct 22, 2014, 8:20 PM EDT
Lakers forward also says he’s quit drinking alcohol
Oct 22, 2014, 7:20 PM EDT
Stephen Curry takes advantage
Oct 22, 2014, 6:21 PM EDT
Phil Jackson has spoken to the media more than the previous three GMs ever did, I think.
Oct 22, 2014, 5:16 PM EDT
“ We still have roughly a third of our teams that are not profitable under the current system, despite revenue sharing.” —Adam Silver
Oct 22, 2014, 4:30 PM EDT
Oddest vote of the survey — 10.7 percent of GMs thought Chicago had a better offseason than Cleveland.
Jeff Van Gundy: Confusing a system (like the Triangle Offense) with reason for success is ‘a huge mistake’
Oct 22, 2014, 3:42 PM EDT
Van Gundy says players are responsible for wins and losses, not systems — like the one Phil Jackson is bringing to the Knicks this season.
Oct 22, 2014, 2:58 PM EDT
This could be the year a big man breaks the string of guards winning the award.
Oct 22, 2014, 2:13 PM EDT
Pierce played 15 years for the Celtics, but is now with his second new team in as many seasons with the Wizards.
Oct 22, 2014, 1:29 PM EDT
Boston is hoping to get an asset in return for Bynum instead of simply waiving him.
Oct 22, 2014, 12:48 PM EDT
Oct 22, 2014, 12:04 PM EDT
There are plenty more interesting tidbits in the league’s annual survey.
Oct 22, 2014, 11:23 AM EDT
It may come up again, but for one more season at least Philadelphia’s uber-tanking system will pay dividends.
Oct 22, 2014, 10:45 AM EDT
In addition to losing its two best playmakers in the offseason. Indiana has struggled with injuries.
Oct 22, 2014, 10:00 AM EDT
This is a team where winning 50 games and exiting in the first round would feel like a big disappointment.
Oct 22, 2014, 9:30 AM EDT
Inadvertent collision resulted in Kaman needing stitches in the back of his head.
Oct 22, 2014, 9:00 AM EDT
Raptors point guards clicked when playing together
Oct 22, 2014, 8:30 AM EDT
Mayweather thought it was funny.
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