Forbes: Knicks and Lakers set record for most valuable NBA franchises
The New York Knicks and Los Angeles Lakers are very rich and valuable franchises.
We'll wait while your heart-rate slows back down after that incredibly shcoking news.
Anyway, Forbes released their annual franchise valuations on Wednesday, an oft-disputed annual tradition. The leaders aren't of note so much as their value is - with David Stern about to retire from his post as commissioner, the Knicks and Lakers both topped the previous high for franchise value.
That's a nice little feather in Stern's cap, having helped grow franchises to all-time highs in value.
According to the profile, "The average NBA franchise is worth $634 million, up 25% over last year. Collectively the 30 teams are worth $19 billion versus $400 million in 1984." Profitability was also up, with operating income doubling to an average of $23.7 million, also an all-time high.
Here's how all 30 franchises stack up, but again, keep in mind that these values tend to be disputed by analysts and the franchises themselves.
| Franchise | Forbes Valuation ($MM) | Profit ($MM) |
|---|---|---|
| New York Knicks | 1400 | 96 |
| Los Angeles Lakers | 1350 | 66 |
| Chicago Bulls | 1000 | 52 |
| Boston Celtics | 875 | 47 |
| Brooklyn Nets | 780 | -19 |
| Houston Rockets | 775 | 64 |
| Miami Heat | 770 | 29 |
| Dallas Mavericks | 765 | 38 |
| Golden State Warriors | 750 | 43 |
| San Antonio Spurs | 660 | 39 |
| Oklahoma City Thunder | 590 | 33 |
| Portland Trail Blazers | 587 | 30 |
| Los Angeles Clippers | 575 | 15 |
| Phoenix Suns | 565 | 28 |
| Orlando Magic | 560 | 12 |
| Sacramento Kings | 550 | 12 |
| Utah Jazz | 525 | 17 |
| Toronto Raptors | 520 | 29 |
| Cleveland Cavaliers | 515 | 11 |
| Denver Nuggets | 495 | 8 |
| Washington Wizards | 485 | 7 |
| Indiana Pacers | 475 | 12 |
| Philadelphia 76ers | 469 | -3.8 |
| Memphis Grizzlies | 453 | 11 |
| Detroit Pistons | 450 | 10 |
| Minnesota Timberwolves | 430 | -2.7 |
| Atlanta Hawks | 425 | -3.6 |
| New Orleans Pelicans | 420 | 11 |
| Charlotte Bobcats | 410 | 7 |
| Milwaukee Bucks | 405 | 11 |
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