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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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Ben Simmons, Donovan Mitchell Headline All Rookie Team

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Philadelphia’s Ben Simmons and Utah’s Donovan Mitchell are unanimous selections to the NBA’s All-Rookie team. The two guards received all 100 first-place votes from a panel of sports writers and broadcasters. Both players helped their teams reach the second round of the playoffs.

Boston’s Jayson Tatum also was selected Tuesday to the first team, falling one vote short of unanimous. Simmons, Mitchell and Tatum are the three finalists for the NBA’s Rookie of the Year award.

Source: ESPN

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Iguodala (Leg) Sits Out Warriors Game 4 Loss

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Though the Golden State Warriors had upgraded Andre Iguodala to questionable from doubtful earlier Tuesday, the veteran missed his team’s 95-92 Game 4 loss to the Houston Rockets.

Iguodala sat out because of a bruise on his lower left leg, suffered when he banged knees with James Harden in Game 3.

Source: ESPN

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Report: Warriors List Andre Iguodala Doubtful for Game 4

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The Golden State Warriors have listed Andre Iguodala as doubtful for Tuesday’s Game 4 against the Houston Rockets.

Iguodala sustained a left leg contusion when he banged knees with James Harden in Game 3 of the Western Conference finals on Sunday night.

A Warriors source said the bruise got worse overnight, so Iguodala was held out of practice on Monday. The bruise is slightly below the knee.

Iguodala had an X-ray on Monday and it came back clean, but the team still listed him as doubtful Monday evening.

Source: Ramona Shelburne of ESPN

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