Business is booming in the NBA thanks to a monstrous national television deal with Turner and ESPN, as well as ever-growing interest in the sport. While players have benefitted from that in the form of huge salary cap jumps, no one comes out better than the owners.
Franchise valuations in the NBA have steadily climbed over recent years, but over the past year even those franchises that have lived in the middle to bottom of the yearly Forbes list saw incredible leaps in values. The league is in such good shape that in the latest Forbes valuations every team is valued to be worth at least $1 billion, with the average franchise being worth over $1.6 billion.
Along with the national TV deal, increasing local TV deals, the new Nike sponsorship, multiple new arenas and jersey advertisements have helped the massive jump for many franchises this season. The Knicks continue to hold down the top spot in the valuations at $3.6 billion, a nine percent increase from last year, with the Lakers ($3.3 billion) at No. 2 and the Warriors ($3.1 billion) leaping the Bulls ($2.6 billion) for third.