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).
Apr 17, 2014, 9:40 AM EDT
Irving talks as if he wants to stay in Cleveland
Apr 17, 2014, 8:44 AM EDT
Clear out your calendar.
Apr 17, 2014, 8:00 AM EDT
Tight 1-2 race
Apr 17, 2014, 2:10 AM EDT
On the season Kevin Durant averaged 32 points, seven rebounds and five assists a game. Not too shabby.
Apr 17, 2014, 12:07 AM EDT
Apr 16, 2014, 11:31 PM EDT
Kevin Durant was simply unstoppable with the game on the line against the Pistons.
Apr 16, 2014, 11:00 PM EDT
The West is loaded with great series: Thunder vs. Grizzlies, Clippers vs. Warriors, Rockets vs. Blazers.
Apr 16, 2014, 10:31 PM EDT
Vegas nailed the lines for season win totals for four NBA teams almost exactly.
Apr 16, 2014, 9:14 PM EDT
The matchups aren’t all set, but this gives us an idea of who plays when as the playoffs open this weekend.
Apr 16, 2014, 7:48 PM EDT
Knicks make it official and announce they’ve signed Lamar Odom for the remainder of the season.
Apr 16, 2014, 6:59 PM EDT
Durant and LeBron at the top of the MVP ballot is easy, it’s filling out spots 3-5 that is the challenge.
Apr 16, 2014, 6:15 PM EDT
Kohl is going to pitch in $100 million to get a new arena built in Milwaukee.
Apr 16, 2014, 5:15 PM EDT
Teams will like his speed, but he’s destined for a second round pick.
Apr 16, 2014, 4:29 PM EDT
While the Lakers end their dreary season Kobe Bryant is already on vacation.
Apr 16, 2014, 3:46 PM EDT
Clippers forward: ‘It doesn’t really affect me, but so many guys would probably benefit’
Apr 16, 2014, 2:49 PM EDT
The Spurs have crushed the Grizzlies and Mavericks this season, so those teams are motivated to avoid a trip to the Riverwalk to start the postseason.
Apr 16, 2014, 2:14 PM EDT
First team nearly a clean sweep, but one top teamer didn’t even make other two ballots
Apr 16, 2014, 2:03 PM EDT
NBA could still rescind the technical
Apr 16, 2014, 1:32 PM EDT
New research delivers answer
Apr 16, 2014, 12:57 PM EDT
New York based hedge fund billionaires Marc Lasry and Wes Edens are buying the team but keeping it in Wisconsin, they just need to get a new arena built.
- Wednesday NBA grades: Kevin Durant ends season exactly like you think he would 10
- Finally the NBA playoff match ups are set 36
- PBT Extra: Giving out MVP, end of season awards 5
- Report: Sale of Milwaukee Bucks for record $550 million agreed upon, team to stay in Milwaukee 39
- Playoff Chase: Seven meaningful games on final night of NBA season 17