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Forbes Releases 16th Annual NBA Team Valuations

FORBES RELEASES 16th ANNUAL NBA TEAM VALUATIONS

New York Knicks Top the List for the Second Consecutive Year

New York, NY (January 22, 2014) - Forbes announces its annual valuations of the National Basketball Association’s 30 teams, naming the New York Knicks as the most valuable team worth $1.4 billion. Following a three-year renovation of its stadium Madison Square Garden, the Knicks increased 27% in value making the team No. 1 on the list for the second consecutive year. The Los Angeles Lakers, valued at $1.35 billion (No. 2) and the Chicago Bulls valued at $1.0 billion (No. 3) are the only other two NBA teams with a current value of at least $1 billion.

 

The average NBA team is now worth $634 million, 25% more than a year ago. Revenue (including money team owners get from the arena outside of NBA games) increased 24%, from the lockout shortened season, to an average of $152 million, while operating income (earnings before interest, taxes, depreciation and amortization) doubled to an average of $23.7 million, the highest since Forbes began calculating NBA valuations in 1998.  The financial strength of the NBA illustrated in Forbes’ valuations is a result of the new national broadcasting agreement the league is expected to reach soon that could double the current $930 million a year average, and the new collective bargaining agreement that lowered player costs from 57% of revenue to 50%.

 

The Top 10 Most Valuable Teams in the NBA are:

 

Rank

Team

Owners

Current
Value
($mil)

1-Year
Value
Change (%)

Revenue
($mil)

Operating
Income
($mil)

1

New York Knicks

Madison Square Garden Co.

$1,400

27%

$287

$96.3

2

Los Angeles Lakers

Jerry Buss Family Trusts, Philip Anschutz

1,350

35

295

66.4

3

Chicago Bulls

Jerry Reinsdorf

1,000

25

195

52.2

4

Boston Celtics

Wycliffe Grousbeck, Irving Grousbeck

875

20

169

46.8

5

Brooklyn Nets

Mikhail Prokhorov, Bruce Ratner

780

47

190

-19.0

6

Houston Rockets

Leslie Alexander

775

36

191

63.7

7

Miami Heat

Micky Arison

770

23

188

29.2

8

Dallas Mavericks

Mark Cuban

765

12

162

37.5

9

Golden State Warriors

Joe Lacob, Peter Guber

750

35

160

43.0

10

San Antonio Spurs

Peter Holt

660

25

167

39.4

 

League Average:

$634

24%

$152

$23.7

 

 

PLUS:

  • Highest-Paid NBA Players (p. 22) – The NBA’s top 10 earners will bank $358 million this year from salaries and endorsements. Ten-figure a year sneaker deals are driving off-court earnings for the league’s elite players. Los Angeles Lakers’ Kobe Bryant is the NBA’s top-paid player, with $64.5 million in earnings.

 

  • The NBA’s Richest Cable Deals – The Los Angeles Lakers have the NBA's most lucrative local television rights deal. Their 20-year deal with Time Warner Cable is worth $3.6 billion and paid them $122 million last season, which was the largest local television rights fee paid to any team in any league in 2013.

 

 

For the complete list and more, visit: www.forbes.com/nba

Contact:  Christina Vega at 212.206.5155 or cvega@forbes.com

Date: 
Wednesday, January 22, 2014