Forbes has released its NBA franchise valuations for 2024, and according to Justin Teitelbaum and Brett Knight, the Warriors are the league’s most valuable team for a third straight season, with an estimated valuation of a whopping $8.8 billion. The Knicks ($7.5 billion), Lakers ($7.1 billion), Celtics ($6 billion), and Clippers ($5.5 billion) round out Forbes’ top five.
As Teitelbaum and Knight detail, franchise valuations are up 15% as a whole from last year’s estimates, with an average of $4.4 billion for the league’s 30 teams. Forbes projects that none of those 30 clubs would sell for less than $3 billion if it were put on the market today, with the No. 30 Grizzlies coming in at a valuation of exactly $3 billion.
According to Forbes, new and renovated arenas – which have led to an increase in local revenue via premium seating and sponsorship revenue – have helped spur growth across the league. Teitelbaum and Knight suggest that the Warriors’ total revenue during the 2023/24 season reached $800MM.
Here are more odds and ends from around the basketball world:
- John Hollinger of The Athletic published an 11-player list of prime breakout candidates on Friday, naming Hawks guard Dyson Daniels, Raptors forward RJ Barrett, Hornets guard Tre Mann, and Rockets jack-of-all-trades Amen Thompson as a few of the players he believes are poised for big seasons.
- Relaying reporting out of Turkey, Dario Skerletic of Sportando writes that forward Onuralp Bitim is believed to be drawing interest from Anadolu Efes in the EuroLeague after being waived by the Bulls last week. Bitim made his basketball debut with Anadolu Efes earlier in his career and also spent time with multiple other clubs in his native country of Turkey before signing a two-way contract with Chicago in the summer of 2023. He averaged 3.5 PPG and 1.4 RPG in 23 NBA games (11.7 MPG) last season.
- Grizzlies center Zach Edey sits atop the rookie power rankings published by Jeremy Woo of ESPN (Insider link). Woo’s list, which ranks players based on their potential to make an immediate impact in 2024/25, also has Rockets guard Reed Sheppard, Hawks forward Zaccharie Risacher, Spurs guard Stephon Castle, and Wizards big man Alex Sarr in the top five.
- Ben Golliver of The Washington Post takes a look at the new court designs for this season’s NBA in-season tournament and explains why last season’s issue with slippery surfaces shouldn’t be a problem this time around.