Warriors' franchise valued at $2.6 billion by Forbes Magazine
- Author: Zachary Reyes Feb 16, 2017,
Feb 16, 2017, 2:08
The Knicks and Lakers, which checked in at No. 1 and No. 2, respectively, have always been the league's most valuable clubs.
The Knicks' value is up 10 percent from past year, and the team turned an NBA-recording operating profit of $141 million last season, according to Forbes.
The Chicago Bulls ($2.5 billion) are fourth and the Boston Celtics (2.5 billion) round out the top five.
According to Forbes, the Knicks are worth $3.3 billion, which is up ten percent over past year.
The Knicks ($3.3B), Lakers ($3B), Bulls ($2.5), Rockets ($1.65B) and Mavs ($1.45B) were all in the top 10. A record 18 teams are valued over $1 billion by Forbes this year.
The explosion in value and player salaries are due in part to the NBA's $24 billion media deal with ESPN and TNT and the newly-signed collective bargaining agreement.
Meanwhile, the Los Angeles Clippers rank sixth at an estimated $2 billion, although their growth halted to zero and operating income slumped to an $11.8 million deficit. It went from being worth $555 million in 2013 to $750 million in 2014 to $1.3 billion in 2015.
The Bay Area's basketball team, which happens to be the best team heading into the all-star break, is also the third most valuable organization in the association, according to Forbes' annual "Business of Basketball" list. Curry is set to become an unrestricted free agent this summer and could command a contract worth over $200 million. It was the first season of the team's new local cable deal with MSG, which paid $100 million in year one.