Sport

NBA Lakers, Warriors join Knicks at $4bn value

NBA Lakers, Warriors join Knicks at $4bn value”

The Raptors ranked 10th in the yearly list of most valuable franchises in the league, worth an estimated $2.1 billion dollars.

Among North American sports teams, only the NFL's Dallas Cowboys are valued higher at $5.5 billion with Major League Baseball's New York Yankees level with the Knicks at $4.6 billion.

The Knicks, who appear destined to suffer a seventh consecutive losing season in the 2019-20 campaign, were rated the NBA's most valuable franchise for a fifth consecutive year at $4.6 billion, a 15% hike in value from a year earlier.

The Warriors are worth an estimated $4.3 billion, according to Forbes, with $440 million in revenue in the 12 months prior to February 2020.

On average, National Basketball Association teams are worth $2.12 billion, an average 14 percent increase from a year ago. The Warriors' new arena, the Chase Center, is the centerpiece of the team's empire, securing $2 billion in income before it even opened its doors last September.

The Los Angeles Clippers ($2.6 billion) rank sixth, followed by the Brooklyn Nets ($2.5 billion), Houston Rockets ($2.475 million), Dallas Mavericks ($2.4 billion) and the defending National Basketball Association champion Toronto Raptors ($2.1 billion). As recently as 2011, there was no National Basketball Association team valued at $1 billion.

Only five teams were listed with a value less than $1.5 billion: Detroit ($1.45 billion), Orlando ($1.43 billion), Minnesota ($1.375 billion), New Orleans ($1.35 billion) and Memphis ($1.3 billion).

Forbes also calculated the revenue of the 30 National Basketball Association teams at a combined $8.8 billion last season, a new record, and forecast it would exceed $9 billion this season.

For more sports coverage, visit the ABS-CBN Sports website.



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