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.
Sources: NBA Submit Proposal to Lower Draft-Eligible Age to 18
The NBA has submitted to the National Basketball Players Association a formal proposal that will lower the draft-eligible age to 18 from 19, a person with knowledge of the proposal told USA TODAY Sports.
The person requested anonymity because he was not authorized to publicly discuss discussions between the league and the union.
The NBPA and its executive director, Michele Roberts, planned to review the proposal Monday at a post-All-Star weekend meeting in the Bahamas.
The league and union have had informal discussions about lowering the age limit, and NBA commissioner Adam Silver is on record saying the current 19-year-old age limit is not working for the league or college basketball.
This is the first step in formal negotiations to lower the age limit by the 2022 draft. The issue is collectively bargained between the NBA and NBPA, and both sides need to agree to any rule change.
Sources: Bucks Interested in JR Smith, Buyout Unlikely
The Milwaukee Bucks have interest in JR Smith, sources said, though Smith and the Cavs are not close on a buyout. There is very little incentive for Cleveland to buy him out, and at this stage in his life, NBA money is important to Smith.
Smith is guaranteed $3.9 million for next season and $15.7 million if he’s on Cleveland’s roster July 1. What this means for the Cavs is — there is great reason to hold on to him for the rest of the season, and then try to trade him before July 1. If they fail, then they either waive him by June 30, paying him the $3.9 million to walk, they take on his full contract with the hope of being able to trade it by the February deadline next season, or they keep him past July 1 in an effort to trade him by a late August deadline to “waive and stretch” his contract. In essence, this would be risking $12 million for an extra two months to trade him.
Source: Joe Vardon of The Athletic
Report: Zion Williamson Day-to-Day with Right Knee Sprain
NEWS: Zion Williamson was diagnosed with a Grade 1 right knee sprain. He is progressing as expected, and his status is day-to-day.
NEWS: Zion Williamson was diagnosed with a Grade 1 right knee sprain. He is progressing as expected, and his status is day-to-day. pic.twitter.com/H8YUZGnOyc
— Duke Basketball (@DukeMBB) February 21, 2019
Source: Duke Basketball on Twitter