Team record? Eh. Team value? No worries here.
The Bulls are sitting pretty with the fourth-highest value of all NBA teams, valued at $2.6 billion. These evaluations are coming from Forbes, who released their annual Business of Basketball list — a way to rank each team’s worth and revenue — on Wednesday. With its current value, the Bulls only trail the New York Knicks ($3.6 billion), Los Angeles Lakers ($3.3 billion) and Golden State Warriors ($3.1 billion).
But what does this mean for the team?
The Bulls’ $2.6 billion value is an amount based on the team’s current arena deal, without taking out debt deductions.
And despite the past few frustrating seasons, the team has maintained its value. This includes the team raking in $281 million in revenue they can call their own.
These skyrocketed numbers are becoming a growing trend, and Forbes notes how this is testament to how lucrative professional basketball has become. According to their data, this is the first year each team worth is at least $1 billion with the average team franchise worth hovering around $1.36 billion — a 3.5-fold increase over the last 5 years.