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Forbes: Knicks Most Valuable NBA Franchise

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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.

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Giannis Antetokounmpo to Miss Game With Knee Soreness

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The Milwaukee Bucks have listed All-Star forward Giannis Antetokounmpo as out for Saturday night’s game against the Philadelphia 76ers because of right knee soreness.

Antetokounmpo will be missing his third game this season with the same ailment, having sat out a Nov. 22 contest at Phoenix and a Dec. 23 matchup in Charlotte.

Source: ESPN

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Hornets Make Kemba Walker Available via Trade

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Overloaded with bad contracts and untradeable assets, the Charlotte Hornets have made All-Star point guard Kemba Walker available in trade discussions, league sources told ESPN.

Charlotte has been encouraging teams to make offers and appears eager to discuss attaching Walker to a larger trade in which another team would take on one of the Hornets’ several less desirable contracts, sources said.

Source: Adrian Wojnarowski of ESPN

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Bulls’ Kris Dunn in Concussion Protocol After Hard Fall

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Point guard Kris Dunn was re-evaluated for concussion symptoms and has been placed in the NBA concussion protocol, the Chicago Bulls announced Thursday.

Dunn will be out indefinitely and will not travel with the Bulls to Atlanta for their Saturday game. Dunn took a hard fall late in Wednesday night’s 119-112 loss to the Golden State Warriors, landing face first after a dunk.

Source: ESPN

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