Jan 22, 2014, 1:27 PM EST
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).
Nov 29, 2014, 1:00 AM EST
The Thunder looked like the Thunder again.
Nov 28, 2014, 11:00 PM EST
Nov 28, 2014, 9:30 PM EST
Butler is worth way more than that, and he knows it.
Nov 28, 2014, 8:00 PM EST
Classy move by CP3.
Nov 28, 2014, 6:30 PM EST
He’s the team’s leading scorer (which says a lot about the Sixers’ offense).
Nov 28, 2014, 5:00 PM EST
Adam Silver has called it his top priority
Nov 28, 2014, 3:40 PM EST
Indiana hosts Magic
Nov 28, 2014, 2:10 PM EST
Melo said it came down to Bulls and Knicks
Nov 28, 2014, 12:39 PM EST
Grizzlies’ win upheld
Nov 28, 2014, 12:25 PM EST
To reach the 49 wins it took to make the playoffs in the West last season, the Thunder need to go 45-21 the rest of the way.
Nov 28, 2014, 11:00 AM EST
What about Chris Paul?
Nov 28, 2014, 9:30 AM EST
Mavericks own bitter about how Fisher left Dallas
Nov 28, 2014, 8:00 AM EST
I’d take this rumor with a grain or 12 of salt, but…
Nov 28, 2014, 1:51 AM EST
Scottie Pippen made the list, too.
Nov 27, 2014, 11:00 PM EST
Parker gets the rookie treatment from the official.
Nov 27, 2014, 9:30 PM EST
Davis is averaging 17.7 shots per game.
Nov 27, 2014, 8:00 PM EST
Sager will receive clearance to fly in January.
Nov 27, 2014, 6:30 PM EST
Rose says he is feeling better about his health.
Nov 27, 2014, 5:00 PM EST
Michael Malone increases pressure on sometimes-combustible Cousins
Nov 27, 2014, 3:30 PM EST
Celtics forward in final year of contract
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