Thebesteva
01-21-2015, 03:46 PM
http://espn.go.com/nba/story/_/id/12204869/forbes-reports-11-nba-teams-now-worth-1b
Boosted by Steve Ballmer's league-record $2 billion purchase of the Los Angeles Clippers (http://espn.go.com/nba/team/_/name/lac/los-angeles-clippers), the franchise values of NBA teams rose an average of 72 percent in one year, according to new estimates released by Forbes (http://www.forbes.com/sites/kurtbadenhausen/2015/01/21/average-nba-team-worth-record-1-1-billion-2/) on Wednesday.
Changing of the guardhttp://a.espncdn.com/combiner/i/?img=/i/teamlogos/nba/500/lal.png&w=80&h=80The Los Angeles Lakers supplanted the New York Knicks as the NBA's most valuable franchise inForbes' annual valuations (http://www.forbes.com/nba-valuations/)that were released Wednesday.
Team
Value
YOY
Los Angeles Lakers
$2.6B
+93%
New York Knicks
$2.5B
+79%
Chicago Bulls
$2.0B
+100%
Boston Celtics
$1.7B
+94%
Los Angeles Clippers
$1.6B
+178%
Brooklyn Nets
$1.5B
+92%
Golden St. Warriors
$1.3B
+73%
Houston Rockets
$1.25B
+61%
Miami Heat
$1.175B
+53%
Dallas Mavericks
$1.15B
+50%
League average: $1.106B
Source: Forbes magazine
That's the biggest one-year value gain since Forbes started estimating team prices in 1998.
Last year's list had only three teams -- the New York Knicks (http://espn.go.com/nba/team/_/name/ny/new-york-knicks), Los Angeles Lakers (http://espn.go.com/nba/team/_/name/lal/los-angeles-lakers) and Chicago Bulls (http://espn.go.com/nba/team/_/name/chi/chicago-bulls) -- worth more than $1 billion, but this year, Forbes says those three teams are worth at least $2 billion. And eight other teams are worth more than $1 billion.
The magazine says the Lakers top the league at a $2.6 billion valuation, followed by the Knicks ($2.5 billion) and the Bulls ($2 billion). Even though Ballmer paid $2 billion for the Clippers, Forbes values the team at $1.6 billion, fifth among teams, immediately following the fourth-ranked Boston Celtics (http://espn.go.com/nba/team/_/name/bos/boston-celtics) ($1.7 billion).
The Brooklyn Nets (who are currently on the market) came in sixth at $1.5 billion, followed by the Golden State Warriors ($1.3 billion), Houston Rockets ($1.25 billion), Miami Heat ($1.175 billion), Dallas Mavericks ($1.15 billion) and San Antonio Spurs ($1 billion). Last year, when Forbes valued the Mavs at $765 million, owner Mark Cuban called it "way too low," saying it was worth more than $1 billion.
The Atlanta Hawks (http://espn.go.com/nba/team/_/name/atl/atlanta-hawks), another team currently for sale, are worth $825 million. Michael Jordan hasn't had an easy road as owner of Charlotte's NBA team, but the former great certainly is in a good position financially. What he paid $275 million for five years ago is now worth $725 million, according to Forbes.
Another team that has struggled on the court has also seen its value rise significantly. Josh Harris and his partners paid $280 million less than four years ago for the Philadelphia 76ers (http://espn.go.com/nba/team/_/name/phi/philadelphia-76ers). Under his ownership, the team has gone 96-175 (.354), but Forbes said the team is now worth $420 million more than Harris paid for it.
In October, the league announced new television deals with ESPN and Turner that are worth $2.66 billion a year. That's a 186 percent increase from its current TV rights deal, which averages $930 million a year.
Boosted by Steve Ballmer's league-record $2 billion purchase of the Los Angeles Clippers (http://espn.go.com/nba/team/_/name/lac/los-angeles-clippers), the franchise values of NBA teams rose an average of 72 percent in one year, according to new estimates released by Forbes (http://www.forbes.com/sites/kurtbadenhausen/2015/01/21/average-nba-team-worth-record-1-1-billion-2/) on Wednesday.
Changing of the guardhttp://a.espncdn.com/combiner/i/?img=/i/teamlogos/nba/500/lal.png&w=80&h=80The Los Angeles Lakers supplanted the New York Knicks as the NBA's most valuable franchise inForbes' annual valuations (http://www.forbes.com/nba-valuations/)that were released Wednesday.
Team
Value
YOY
Los Angeles Lakers
$2.6B
+93%
New York Knicks
$2.5B
+79%
Chicago Bulls
$2.0B
+100%
Boston Celtics
$1.7B
+94%
Los Angeles Clippers
$1.6B
+178%
Brooklyn Nets
$1.5B
+92%
Golden St. Warriors
$1.3B
+73%
Houston Rockets
$1.25B
+61%
Miami Heat
$1.175B
+53%
Dallas Mavericks
$1.15B
+50%
League average: $1.106B
Source: Forbes magazine
That's the biggest one-year value gain since Forbes started estimating team prices in 1998.
Last year's list had only three teams -- the New York Knicks (http://espn.go.com/nba/team/_/name/ny/new-york-knicks), Los Angeles Lakers (http://espn.go.com/nba/team/_/name/lal/los-angeles-lakers) and Chicago Bulls (http://espn.go.com/nba/team/_/name/chi/chicago-bulls) -- worth more than $1 billion, but this year, Forbes says those three teams are worth at least $2 billion. And eight other teams are worth more than $1 billion.
The magazine says the Lakers top the league at a $2.6 billion valuation, followed by the Knicks ($2.5 billion) and the Bulls ($2 billion). Even though Ballmer paid $2 billion for the Clippers, Forbes values the team at $1.6 billion, fifth among teams, immediately following the fourth-ranked Boston Celtics (http://espn.go.com/nba/team/_/name/bos/boston-celtics) ($1.7 billion).
The Brooklyn Nets (who are currently on the market) came in sixth at $1.5 billion, followed by the Golden State Warriors ($1.3 billion), Houston Rockets ($1.25 billion), Miami Heat ($1.175 billion), Dallas Mavericks ($1.15 billion) and San Antonio Spurs ($1 billion). Last year, when Forbes valued the Mavs at $765 million, owner Mark Cuban called it "way too low," saying it was worth more than $1 billion.
The Atlanta Hawks (http://espn.go.com/nba/team/_/name/atl/atlanta-hawks), another team currently for sale, are worth $825 million. Michael Jordan hasn't had an easy road as owner of Charlotte's NBA team, but the former great certainly is in a good position financially. What he paid $275 million for five years ago is now worth $725 million, according to Forbes.
Another team that has struggled on the court has also seen its value rise significantly. Josh Harris and his partners paid $280 million less than four years ago for the Philadelphia 76ers (http://espn.go.com/nba/team/_/name/phi/philadelphia-76ers). Under his ownership, the team has gone 96-175 (.354), but Forbes said the team is now worth $420 million more than Harris paid for it.
In October, the league announced new television deals with ESPN and Turner that are worth $2.66 billion a year. That's a 186 percent increase from its current TV rights deal, which averages $930 million a year.