Forbes has released its 2016 NBA Franchise valuations, and the New York Knicks came in with the top valuation of all 30 NBA franchises with a whopping $3 billion Forbes value.
While many of the key voices in sports ownership downplay the true accuracy of the Forbes values, their numbers are usually considered the best publicly available measuring stick for how much a sports team is worth.
Here is how Forbes ranked the NBA in 2016:
|Rank||Team||Current Value||Revenue||Operating Income|
|#1||New York Knicks||$3 B||$307 M||$108.9 M|
|#2||Los Angeles Lakers||$2.7 B||$304 M||$133.4 M|
|#3||Chicago Bulls||$2.3 B||$228 M||$67.6 M|
|#4||Boston Celtics||$2.1 B||$181 M||$57.4 M|
|#5||Los Angeles Clippers||$2 B||$176 M||$20.6 M|
|#6||Golden State Warriors||$1.9 B||$201 M||$57.6 M|
|#7||Brooklyn Nets||$1.7 B||$220 M||$-5.7 M|
|#8||Houston Rockets||$1.5 B||$237 M||$74.6 M|
|#9||Dallas Mavericks||$1.4 B||$177 M||$24.3 M|
|#10||Miami Heat||$1.3 B||$180 M||$20.8 M|
|#11||San Antonio Spurs||$1.15 B||$170 M||$31.9 M|
|#12||Cleveland Cavaliers||$1.1 B||$191 M||$24.8 M|
|#13||Phoenix Suns||$1 B||$154 M||$21.8 M|
|#14||Toronto Raptors||$980 M||$163 M||$23.5 M|
|#15||Portland Trail Blazers||$975 M||$157 M||$4.1 M|
|#16||Washington Wizards||$960 M||$146 M||$2.9 M|
|#17||Oklahoma City Thunder||$950 M||$157 M||$20.9 M|
|#18||Sacramento Kings||$925 M||$141 M||$4.2 M|
|#19||Orlando Magic||$900 M||$143 M||$35.4 M|
|#20||Utah Jazz||$875 M||$146 M||$27.5 M|
|#21||Denver Nuggets||$855 M||$140 M||$26.3 M|
|#22||Detroit Pistons||$850 M||$154 M||$16 M|
|#23||Indiana Pacers||$840 M||$138 M||$19 M|
|#24||Atlanta Hawks||$825 M||$142 M||$7 M|
|#25||Memphis Grizzlies||$780 M||$147 M||$10.3 M|
|#26||Charlotte Hornets||$750 M||$142 M||$3.7 M|
|#27||Minnesota Timberwolves||$720 M||$146 M||$15.1 M|
|#28||Philadelphia 76ers||$700 M||$124 M||$13.9 M|
|#29||Milwaukee Bucks||$675 M||$126 M||$11.6 M|
|#30||New Orleans Pelicans||$650 M||$142 M||$19.7 M|
While the New York Knicks posted the highest franchise value, the LA Lakers posted the highest Operating Income at more than $133.4 million. Also, while the New Orleans Pelicans posted the lowest franchise value at $650 million, they are still believed to have posted Operating Income of more than $19.7 million.
The Brooklyn Nets, whose Forbes value came in at $1.7 billion, also posted the largest Operating Loss of any NBA team with a negative $5.7 million, making the Nets the only NBA team on Forbes list to have lost money.
Joel Embiid Not Happy With Early Minutes Restriction
The Philadelphia 76ers will be cautious with Joel Embiid early on this season, and the star center isn’t thrilled with that plan.
Sixers coach Brett Brown, when asked how much Embiid would play in Wednesday’s season opener against the Wizards, told reporters that he didn’t have a set number of minutes in mind before acknowledging “somewhere like in the teens.” “That’s f—ing bulls—. I wish I was playing more minutes,” Embiid told reporters on Tuesday. “I think I’m ready. I think I’m ready for more than whatever number they have. I don’t know. I wish I was playing more, but we’re going to see how that goes.”
Report: Bulls’ Mirotic, Portis Involved in Serious Practice Altercation
Chicago Bulls forwards Nikola Mirotic and Bobby Portis engaged in a physical altercation in practice Tuesday that resulted in Mirotic being hospitalized and sidelined indefinitely, league sources told Yahoo Sports.
Mirotic was taken to the hospital Tuesday after their shoving altercation during practice ended with an alleged cheap shot from Portis to Mirotic’s face, league sources told The Vertical.
In practice scuffle with Bobby Portis in Bulls practice, Nikola Mirotic suffered a fractured bone in his face, league source tells ESPN.
— Adrian Wojnarowski (@wojespn) October 17, 2017
Source: Shams Charania of The Vertical
Warriors Receive 2017 Championship Rings, Unveil Banner
The Golden State Warriors held their much-anticipated ring ceremony prior to tipoff against the Houston Rockets on opening night. Commissioner Adam Silver started the event by introducing the 2016-17 champions.
The Larry O’Brien Trophy was stationed at center court, with the players camped around it. The Warriors wore white and gold hoodies, which will be signed by the players and auctioned off with the proceeds going to the Bay Area wildfire relief efforts.
Source: Chris Haynes of ESPN