The Warriors remain the NBA’s most valuable team, according to Kurt Badenhausen of Sportico, who unveiled the website’s updated NBA franchise valuations for 2024 on Wednesday.
Badenhausen projects the Warriors’ value at $9.14 billion, making them one of three teams to surpass the $8 billion mark this year. The Knicks have a projected worth of $8.3 billion, while the Lakers come in at $8.07 billion, per Sportico. Only the NFL’s Dallas Cowboys – at $10.3 billion – have a higher valuation than Golden State among North American sports teams, says Badenhausen.
While Sportico’s figures suggest the Warriors, Knicks, and Lakers are worth significantly more than the fourth-place team (the Nets at $5.7 billion), the average value of an NBA franchise is up to $4.6 billion, with no team worth less than $3 billion.
That average has increased by 15% since Sportico released its 2023 valuations last December and has nearly doubled since the site published its first NBA franchise valuations four years ago, when the average was $2.37 billion.
The NBA’s new $77 billion media rights deal and a 15% increase in team sponsorship are among the factors contributing to the rising valuations of the league’s franchises, according to Badenhausen, who notes that a post-COVID boom in concerts and other major events has been good news for team owners who also control their arenas.
NBA team owners operated 10 of the world’s 20 highest-grossing concert venues in 2024, with the Nets’ Barclays Center coming in at No. 1, says Badenhausen. The Nets’ valuation is up 43% this year, per Sportico, easily the largest year-over-year increase among the 30 NBA franchises.
When Forbes put out its NBA franchise valuations in October, it pegged the average value of a team at $4.4 billion. In the past, we’ve used Forbes as our primary source for NBA franchise valuations, but with Badenhausen making the move from Forbes to Sportico in recent years and the outlet establishing itself as a go-to resource for sports business news, we begun highlighting Sportico’s projections as of 2023.
Of course, it’s worth noting that figures from Sportico, Forbes, or any other media outlet are just estimates and often don’t quite match up with the sale prices for franchises that change hands. But these projections are usually in the right ballpark and remain useful for getting a sense of the league’s most and least valuable teams.
Here’s Sportico’s full list of NBA franchise valuations for 2024:
- Golden State Warriors: $9.14 billion
- New York Knicks: $8.3 billion
- Los Angeles Lakers: $8.07 billion
- Brooklyn Nets: $5.7 billion
- Los Angeles Clippers: $5.68 billion
- Boston Celtics: $5.66 billion
- Chicago Bulls: $5.56 billion
- Miami Heat: $5 billion
- Houston Rockets: $4.77 billion
- Toronto Raptors: $4.66 billion
- Philadelphia 76ers: $4.57 billion
- Dallas Mavericks: $4.46 billion
- Phoenix Suns: $4.32 billion
- Sacramento Kings: $4.11 billion
- Atlanta Hawks: $4.07 billion
- Denver Nuggets: $4.06 billion
- Washington Wizards: $3.98 billion
- Cleveland Cavaliers: $3.95 billion
- Milwaukee Bucks: $3.91 billion
- San Antonio Spurs: $3.79 billion
- Indiana Pacers: $3.74 billion
- Utah Jazz: $3.67 billion
- Portland Trail Blazers: $3.6 billion
- Oklahoma City Thunder: $3.55 billion
- Orlando Magic: $3.46 billion
- Detroit Pistons: $3.45 billion
- Charlotte Hornets: $3.39 billion
- Minnesota Timberwolves: $3.29 billion
- New Orleans Pelicans: $3.09 billion
- Memphis Grizzlies: $3.06 billion
As Badenhausen notes, Sportico’s projections are based on a control sale price, rather than limited stake purchases. No NBA franchise saw its majority control change hands in 2024, but that could change in 2025, with control of the Celtics up for sale.
According to Badenhausen, team executives and investors have predicted a sale price ranging from $4.5 billion to $6.5 billion for the Celtics. The final valuation will be determined by a number of factors, including how many bidders are on the mix, what percentage of the team they can buy, and whether current governor Wyc Grousbeck insists on remaining in that role until 2028, which he has indicated is his goal.