See the full list here

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Warriors and Knicks are the most valuable NBA franchises: See the full list here originally appeared on NBC Sports Boston

It’s a good time to be an NBA owner.

Franchise values have skyrocketed in recent years, with billion-dollar sales now the norm.

What franchise is the most valuable, though? And what goes into determining how much each team is worth?

CNBC senior sports reporter Michael Ozanian broke it all down.

The five most valuable NBA franchises, according to Ozanian, are as follows:

Golden State Warriors, $9.4 billion

New York Knicks, $7.5 billion

Los Angeles Lakers, $7 billion

Chicago Bulls, $5.8 billion

Houston Rockets, $5.7 billion

These five teams have had varying degrees of success on the court in recent years, but they are all thriving financially. The keys are market size, stadium deals and local TV partnerships — which the Warriors have done best under Joe Lacob and Peter Guber.

“They’ve done an incredibly great job of maximizing the revenues from their new arena (Chase Center),” Ozanian said. “And the timing was great for the Warriors, too. They moved in at a time when they were becoming a champion. They had arguably one of the top players in all of the NBA with Steph Curry. So, they’ve been able to sell things like season tickets, sponsorships at the arena, naming rights to the arena.”

Not only that, but the Warriors have done unique things to continue increasing their value in recent year.

“They were able to sell those sponsorships and season tickets in multi-year agreements, so that over the next five years, the bulk of their arena revenue is guaranteed,” Ozanian explained. “So, even as they’ve stumbled like last year, not making the playoffs, you didn’t see their season ticket holders flee. Even if they wanted to, they really couldn’t.

“Another smart move they did was they sold personal seat licenses to season ticket holders. In other words, you had to buy the right to buy your season tickets. Now, if you’re going to invest a lot of money in a personal seat license, you’re less likely to just give up on those season tickets after a bad year or…

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Source link : https://finance.yahoo.com/news/warriors-knicks-most-valuable-nba-064710532.html

Author : NBC Sports Boston

Publish date : 2025-02-14 06:47:00

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