My mentors were James Walker Michaels, Geoffrey N. Smith and William Baldwin. I started out in the statistics department of Forbes in the mid-'80s then transitioned to writing. I mainly wrote about high-priced stocks that I believed were doomed.
ILLUSTRATION BY STEPHANIE CUI FOR FORBES; PHOTO BY ETHAN MILLER/GETTY; KEVIN C. COX/GETTY; Maddie Meyer/Getty ; Mitchell Leff/Getty; Harry How/Getty; Dylan Buell/Getty; Thearon W. Henderson/GettyThe Golden State Warriors remain on top at a $7.7 billion valuation, while two other teams are now worth more than $6 billion. And the average team is now worth more than $3.8 billion thanks to the league’s next media deals.the entry price for an NBA expansion team was $2.5 billion.
Today, the average NBA team is worth $3.85 billion, an increase of 35% from a year ago and 75% higher than in 2019. And with the league set to rake in some $13 billion this season , 23% more than last season, valuations are still heading skyward.last season, no one is close to usurping the Golden State Warriors, who are the league’s most valuable team for the second consecutive year at $7.7 billion, up 10% from a year ago.
The three transactions are among the top four all-time NBA sale prices and underscore the lofty multiples of revenue buyers are willing to pony up to own a team. The Suns went for 13.2 times revenue, second to the 13.7 revenue multiple that Steve Ballmer paid for the Los Angeles Clippers in 201. Meanwhile, the deals for the Bucks and Hornets were valued at 9.7- and 11.2-times revenue, respectively. By contrast, Robert Sarver paid 3.
And with the likely addition of two expansion teams—most likely in Seattle and Las Vegas—the NBA math will change yet again.Revenue and operating income are for the 2022-23 season and are net of revenue sharing and arena debt service and include revenue that team owners get from non-NBA events at their arena.uses revenue multiples to calculate team values based on historical transaction multiples for controlling stakes in teams. All figures are in U.S. dollars based on the average U.S.
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