Rockets Ranked 8th In Forbes NBA Franchise Value Rankings
16 February, 2017, 00:24 | Author: Douglas Reid
The Chicago Bulls haven't had a lot of success on the court over the a year ago, but off the court the team is still on firm financial footing, according to a new valuation of National Basketball Association franchises.
But the poor form and off-court soap operas have done nothing to diminish the Knicks' money-spinning value, according to Forbes.
But it is mostly market size and long-term staying power that drive these rankings, with the Chicago Bulls fourth at $2.5bn and the Boston Celtics fifth at $2.2bn.
They could threaten the Knicks and Lakers for the NBA's top valuation after they open the $1 billion Chase Center in the Mission Bay neighborhood, targeted for the 2019-2020 season.
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Valued at $1.8 billion, the Nets are seventh place, the same ranking as past year.
On the flip side, winning can pay dividends, the Golden State Warriors are up to number three at $2.6bn after their back-to-back runs to the NBA Finals. For the cost of $3 billion, you can acquire the team that used to employ Kobe Bryant, the rights to sell courtside seats for $2,750 per game, and the privilege to play in front of Jack Nicholson every so often.
The title of lowest-valued team belongs to the New Orleans Pelicans, worth a paltry $750 million in comparison to the top of the scale.
"Fueling the gains are the NBA's $24 billion media deal with ESPN and TNT that kicked off this season, a new collective bargaining agreement ensuring seven years of labor peace and massive global opportunities", writes the aforementioned Badenhausen.
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