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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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Sources: Michael Beasley, Nets ‘moving toward’ Deal

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Michael Beasley is moving toward a deal with the Brooklyn Nets, sources tell @TheAthleticNBA @Stadium.

Source: Shams Charania on Twitter

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Sources: Jamal Crawford, Nets Agree to Deal

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Jamal Crawford has agreed to a deal with the Brooklyn Nets, sources tell @TheAthleticNBA @Stadium.

Source: Shams Charania on Twitter

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Sources: Victor Oladipo to Opt Out of NBA Restart

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Indiana Pacers star Victor Oladipo has decided to sit out the resumed 2019-20 NBA season, telling The Athletic on Friday he can’t get his mind “to being fully comfortable” in playing.

“I really want to play, and as a competitor and teammate this is tearing me apart,” Oladipo said. “I feel like I’m at a great place in my rehab and getting closer and closer to 100 percent. With all the variables, from how I have to build my 5-on-5 workload back up, to the increased risk of a soft tissue injury which could delay my rehab, and the unknown exact set up of the bubble, I just can’t get my mind to being fully comfortable in playing. I have to be smart and this decision hasn’t been easy, but I truly believe continuing on the course I’m on and getting fully healthy for the 2020-21 season is the right decision for me.”

Oladipo has one year left on his four-year, $84 million deal with the Pacers. Sources said Oladipo plans to travel with the team to Orlando despite his decision to opt out of playing, and that he will continue his rehab, support his teammates and join them inside the bubble environment.

Source: Shams Charania of The Athletic

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