CLEVELAND, Ohio — Forbes has once again released its annual list ranking all 30 NBA teams by their financial valuation and, as the old adage goes, “the rich get richer.”
The average NBA franchise is worth $3.85 billion, a 35% increase from one year ago when an NBA team was worth $2.86 billion on average, per Forbes.
The most valuable franchises in the NBA may come as no surprise, either. The Golden State Warriors are the most valuable NBA franchise at a value of $7.7 billion, according to Forbes. The Warriors are followed by other large market teams such as the New York Knicks (second, $6.6 billion), Los Angeles Lakers (third, $6.4 billion), Boston Celtics (fourth, $4.7 billion), Los Angeles Clippers (fifth, $4.65 billion) and Chicago Bulls (sixth, $4.6 billion).
The Charlotte Hornets, which former Bulls superstar Michael Jordan sold in June at a valuation of $3 billion, saw a 76% year-over-year increase in franchise valuation, the largest of any team in the league. The reigning NBA champion Denver Nuggets ranked closely behind with a 75% year-over-year increase in franchise valuation to $3.38 billion, ranking 15th among the NBA’s 30 teams.
