Forbes released its annual list of estimated NBA franchise valuations Wednesday, and the league seems to have hit a big-money benchmark. All 30 teams are now estimated to be worth over $1 billion, with the average franchise pegged at $1.65 billion - an increase of 22 percent over last year.
The numbers are backed up by sale prices on the big-market end. The Los Angeles Clippers and Houston Rockets both sold for $2 billion or more in the last four years. Because of that market-size reality, the New York Knicks and Los Angeles Lakers remain atop the valuation list despite years of on-court struggle.
The Golden State Warriors, Chicago Bulls, and Boston Celtics round out the top five.
.@Forbes new NBA valuations. Every single team worth at least $1B. pic.twitter.com/Jt0NvxM2rP
— Christopher Lavinio (@ChrisLavinio) February 7, 2018
