NBA Team Values 2024: Warriors, Knicks Lead as Average Hits $4.6B

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The NFL flexed its financial muscles this month with several LP-stake sales at rich valuations, including more than $8 billion for both the Miami Dolphins and Philadelphia Eagles. The NFL checks two boxes that make it the envy of every other sports league: cost certainty for each team and a $400 million-plus annual check from the league that dwarfs the salary cap. That combo pushes the value of the “cheapest” football teams to nearly $5 billion.

The NBA appears headed down a similar path. Over the last 18 months, the league reached a pair of deals that moved it closer to the NFL’s economic model. The first was a new CBA, which potentially reins in the most aggressive roster spenders based on early evidence from the impact of the second “apron.” Then, the NBA signed a new TV deal in July worth $77 billion over 11 years that will triple the annual payout to franchises from last season by the end of the agreement.

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The average NBA franchise is now worth $4.6 billion, according to Sportico’s calculations, with the Golden State Warriors at the top of the league ranking and the Memphis Grizzlies at the bottom. The total is up 15% versus 2023 and nearly double four years ago, when the average was $2.37 billion. The gains at the bottom of the financial table are even greater, with the current $3.06 billion “get-in” price 127% higher than four years ago.

Golden State ($9.14 billion) has topped all five iterations of Sportico’s NBA valuations, with only the Dallas Cowboys ($10.3 billion) worth more among all sports teams. The Warriors, New York Knicks ($8.3 billion) and Los Angeles Lakers ($8.07 billion) are in a class by themselves in the NBA, with the Lakers worth 42% more than the fourth-ranked Brooklyn Nets ($5.7 billion).

Our enterprise valuation estimates measure a control sale price, instead of a limited partnership transaction. Collectively, the NBA’s 30 teams are worth $138 billion, including real estate held by owners and team-related businesses, such as WNBA franchises.

The 30 NBA teams generated an estimated $11.6 billion last year, or $387 million per club. Team…

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Source link : https://sports.yahoo.com/nba-team-values-2024-warriors-140000355.html

Author : Sportico

Publish date : 2024-12-18 14:00:00

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