Washington is also the 17th most valuable NBA franchise
NBA teams are continuing to go up in value. So how much are the Washington Wizards worth? According to Sportico, they are worth $3.98 billion. This ranks 17th in the NBA.
Kurt Badenhausen of Sportico gave more details on the team valuations. While the Wizards are worth billions of dollars, it is still a bit under the league average of $4.6 billion. That’s not surprising because of a combination of these reasons:
- Wizards home games are among the most poorly attended in the NBA.
- The Wizards are the worst team in the NBA so far this season.
- The Wizards don’t have any superstar players, which would help their attendance and visibility.
Why isn’t Washington rock bottom in the rankings then? Here are some possible reasons why:
- The Wizards’ ownership to this point own Capital One Arena. That will change very soon.
- Washington is one of the biggest markets in the NBA, even if the team itself is performing poorly.
Let us know your thoughts about these rankings in the comments below.