It’s a good time to be an owner of an NBA franchise.
Despite the decline in ratings, NBA teams remains viable and incredibly profitable.
Forbes has released the valuations of each NBA, and according to year over year estimates, the value of NBA teams is up 14% year over year. The NBA’s 30 teams generated a record $8.8 billion in revenue last season, up 10% over the previous year. For comparison sake, NFL teams increased in value by 11% YOY and the MLB increased 8%.
The average NBA franchise is worth a whopping $2.12 billion.
The Portland Trail Blazers? They come in while a value of $1.85 billion, which is the 13th highest in the NBA.
Portland saw a 16% year over year increase in value. The world champion Toronto Raptors had the highest year over year increase in value of 25%, now valued at $2.1B.
The New York Knicks top the charts at $4.6 billion, with the LA Lakers ($4.4B) and the Golden State Warriors ($4.3B) coming in over the $4 billion threshold.
(Photo courtesy of Forbes)
Paul Allen purchased the Trail Blazers in 1988 for $70 million. His sister, Jody, assumed control of the team after his passing in 2018.
There's been some speculation about what Jody might try to sell the team, but based on how well the team is increasing in value, why would she?
Talk about a return on your investment!
You can read more from Forbes here.