The average NBA team is worth $6.64 billion, according to the data Spicy. The Golden State Warriors rank first at $14.5 billion, with the Memphis Grizzlies last at $4.2 billion. Below are the values of 30 federal franchises, which collectively are worth $199 billion.
To derive the market value of 30 NBA franchises, Sportico calculated each revenue based on publicly available data and financial records, as well as interviews with financial experts, sports bankers and attorneys who actively work in NBA transactions. In the interest of accuracy, they have indulged in candor for anonymity. This information was shared with multiple owners, together with the CEO’s team or parent company, presidents, financial leaders, media relations personnel, industry experts and investors. Below are definitions of some major metrics:
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Total price: The total market value of an NBA franchise combined with the value of team assets and real estate holdings.
Team Value: The NBA’s franchise rating is derived from metrics that meet basketball-related issues, including local and national aggregate revenue and factors into multiple special teams. It is about the market value of the team itself, excluding related businesses held by its owners.
Team-Related Businesses and Real Estate Holdings: The value of the franchisee’s or franchisee’s equity in related businesses, that is, held both on the team sheet and in separate corporate entities, as well as government real estate related to the venue, practice facilities and adjacent developments. Examples include: the Boston Celtics’ 20% interest in NBC Sports Boston, a regional sports network; and the Dallas Mavericks’ several subsidiaries, which own pieces of land in the Dallas metro area. Also included are WNBA franchises for the seven teams that share common ownership with an NBA club, as well as three expansion teams awarded in 2025, which will begin play between 2028 and 2030. Because of the franchises that do not have their own arenas, the value of team leasing, often with the appropriate terms of negotiation with municipal or public authorities, is captured in the category of Team Value.
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