Forbes releases 2015 NBA franchise valuations, Lakers at $2.6 billion top the list

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The NBA’s owners cried poverty during the last round of collective bargaining agreement negotiations, and partly as a result, the league was able to get a much more favorable split of basketball related income in relation to what goes to the players.

After the latest round of franchise valuations that was released by Forbes, it’s going to be extremely difficult for them to try that tactic again.

The average team valuation jumped 74 percent from a season ago, and the average franchise value is now at $1.1 billion.

From Kurt Badenhausen of Forbes:

What do you get when you combine a massive new $24 billion television contract, a nearly six-year bull market in equities creating tremendous wealth, and cheap credit? You get a massive rise in sports franchise values, with the NBA serving as ground zero for the current boom.  The average NBA team is now worth $1.1 billion, 74% more than last year. It is the biggest one-year gain since Forbes began valuing teams in the four major U.S. sports leagues in 1998. …

There are now 11 NBA teams worth at least $1 billion, by our count, compared to three a year ago. The Los Angeles Lakers lead the way at $2.6 billion, up 93% over last year. The Lakers finished with their second worst record in franchise history at 27-55 last season and are faring even worse this year, but the team has the richest local TV deal in the sport: a 20-year, $4 billion contract with Time Warner that kicked off in 2012. …

The collective bargaining agreement signed between players and owners in 2011 has nearly eliminated money-losing teams, barring wild spending sprees on players (see Brooklyn Nets). Under the CBA, the players’ share of basketball related income was reduced from 57% to 50% (it is only around 47% of total revenue when you include all arena revenue streams). Revenue sharing to prop up the low revenue teams more than tripled from $55 million under the old CBA to $232 million last year. The result: the Nets were the only NBA team to lose money last season on an operating basis if you include all arena revenue.

One interesting thing to note, and that’s the fact that certain teams may draw bidding wars that drive the price up well past the current valuations. The Lakers and Knicks, for example, would be prime candidates to sell for hundreds of millions more than their already insanely-high price tag.

There’s a lot to digest, there, but the bottom line seems to be this: No matter what a team’s fiscal year balance sheet may look like (i.e., even if it shows a loss), there’s no denying that owners are making tons of money in the long run by hanging onto an NBA franchise. And don’t think the players won’t notice the next time it’s time to slice up the revenue-sharing pie.

Here’s the complete list, which, for the record, is fairly derided by many in the business each time it’s released.

Rank Team Current Value ($mil) 1-Yr Value Change (%) Debt/Value (%) Revenue ($mil) Operating Income ($mil)
1

Los Angeles Lakers

2,600 93 2 293 104.1
2

New York Knicks

2,500 79 0 278 53.4
3

Chicago Bulls

2,000 100 3 201 65.3
4

Boston Celtics

1,700 94 9 173 54.9
5

Los Angeles Clippers

1,600 178 0 146 20.1
6

Brooklyn Nets

1,500 92 19 212 -99.4
7

Golden State Warriors

1,300 73 12 168 44.9
8

Houston Rockets

1,250 61 8 175 38.0
9

Miami Heat

1,175 53 8 188 12.6
10

Dallas Mavericks

1,150 50 17 168 30.4
11

San Antonio Spurs

1,000 52 8 172 40.9
12

Portland Trail Blazers

940 60 11 153 11.7
13

Oklahoma City Thunder

930 58 15 152 30.8
14

Toronto Raptors

920 77 16 151 17.9
15

Cleveland Cavaliers

915 78 22 149 20.6
16

Phoenix Suns

910 61 20 145 28.2
17

Washington Wizards

900 86 14 143 10.1
18

Orlando Magic

875 56 17 143 20.9
19

Denver Nuggets

855 73 1 136 14.0
20

Utah Jazz

850 62 6 142 32.7
21

Indiana Pacers

830 75 18 139 25.0
22

Atlanta Hawks

825 94 21 133 14.8
23

Detroit Pistons

810 80 23 144 17.6
24

Sacramento Kings

800 45 29 125 8.9
25

Memphis Grizzlies

750 66 23 135 10.5
26

Charlotte Bobcats

725 77 21 130 1.2
27

Philadelphia 76ers

700 49 21 125 24.4
28

New Orleans Pelicans

650 55 19 131 19.0
29

Minnesota Timberwolves

625 45 16 128 6.9
30

Milwaukee Bucks

600 48 29 110 11.5

 

 

Free agent Candace Parker announces she will sign with champion Aces

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Stacey Wescott/Chicago Tribune/Tribune News Service via Getty Images
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The WNBA champion Las Vegas Aces are about to get better.

Two-time MVP and two-time WNBA champion Candace Parker announced she plans to sign with the Aces when free agency opens on Feb. 1

The WNBA champions just got better — a starting frontcourt of Parker and reigning MVP A’ja Wilson (with Kelsey Plum in the backcourt) could make Las Vegas the best defensive team in the league. While Parker may not be the scorer she once was, she can serve as a fulcrum for the offense, get the ball to the other players on the deeply talented Aces, and make them a serious threat to repeat.

Still, a cloud hangs over the Aces organization after what Dearica Hamby alleged after she was traded to the Sparks. Hamby said she was “lied to, bullied, manipulated, and discriminated against” by the Aces front office surrounding her pregnancy and contract. Those are serious allegations, and the WNBPA is looking into the matter.

On the court (if the investigation results don’t weigh them down), the Aces have to be title favorites now. However, when WNBA free agency comes on Wednesday that could shift, depending on what Breanna Stewart chooses to do (along with other key free agents). There has been speculation Stewart could head to New York to team up with Jonquel Jones, Betnijah Laney and Sabrina Ionescu on a Liberty team that would instantly be the biggest threat to the Aces (if not the outright favorite).

Stay tuned, it’s going to be an interesting WNBA free agency.

Three things to Know: Giannis Antetokounmpo puts up 50 spot in 30 minutes

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Three Things To Know is NBC’s five-days-a-week wrap-up of the night before in the NBA. Check out NBCSports.com every weekday morning to catch up on what you missed the night before plus the rumors, drama, and dunks that make the NBA must-watch.

1) Giannis Antetokounmpo puts up 50 spot in 30 minutes

Before the ball was even tossed up at center circle Sunday, this looked to be a long night for the Pelicans: No Zion Williamson (strained right hamstring), no Brandon Ingram (toe injury) and no CJ McCollum (sprained right thumb).

Then Giannis Antetokounmpo went to work early, scored 18 points in the first quarter, 29 in the first half, and went on to have an efficient 50 on 20-of-26 shooting on the night, including hitting 3-of-4 from 3.

The All-Star Game captain is having a “down” season by his insane standards, but he is still averaging 31.3 points and 12 rebounds a game, shooting 64.5% in a season where he has had to take on more offense load because of Khris Middleton and Jrue Holiday missing time. He’s still one of the best in the game, and if healthy the Bucks are still a postseason threat (even if they could use some depth at the four).

This was eight straight losses for the Pelicans, who are 3-11 in January and have fallen all the way to the No. 8 seed in the West. New Orleans has looked like a dangerous team on the rise when healthy this season, but the injuries have caught up with them and now they are scrapping to stay in the play-in in a crowded middle of the West.

2) Hornets get 31 from Rozier, upset sleepy Heat team

It will be hard for Miami to hold onto the No. 6 seed in the East (and avoid the play-in) if they don’t win the games they are supposed to win.

Miami looked sleepy for the 1 p.m. start in Charlotte, didn’t play good defense down the stretch, and fell to the Hornets. Charlotte got 31 from Terry Rozier, 27 from P.J. Washington, LaMelo Ball scored 13 of his 19 points in the fourth quarter, and Gordon Hayward was 7-of-7 shooting for 20 points. Charlotte snapped Miami’s three-game win streak with the 122-117 victory.

To be fair to the Heat, sometimes it’s about when you catch teams and the Hornets are playing their best basketball of the season having won 4-of-6. Jimmy Butler scored 28 points for Heat, Tyler Herro added 24.

This was the start of a four-game road trip for the Heat and things are about to get tougher with games at the Cavaliers, at the Knicks (a key game in the chase for the No. 6 seed) and at the Bucks.

3) LeBron James, Anthony Davis out in Brooklyn Monday night

The epidemic — and league-wide PR problem — of stars sitting out will continue Monday night as LeBron James and Anthony Davis will rest as the Lakers face the Nets (officially, LeBron has a sore left ankle and they are watching the foot injury that sidelined Davis for 20 games). This is the team’s one trip to Brooklyn this season. It comes a day after Kawhi Leonard and Paul George sat out in Cleveland (the Cavs blew the Clippers out as a result), and the list goes on and on all season long with Stephen Curry, Jimmy Butler and other stars seemingly resting more than ever before.

There is no easy answer here. Coaches and team medical staffs tasked with ensuring their players peak for the playoffs are resting guys during the season (and on back-to-backs) to avoid injuries and fatigue. Top players have their personal trainers monitoring them and weighing in on these decisions. The NBA schedule is still too long — but reducing that number is a financial mess — and there is nothing in the upcoming CBA that will change this trend.

But fans are noticing. Keep showing them the regular season doesn’t matter and they will respond in kind.

In LeBron’s case — and he hasn’t missed much time this season — this pushes back the timeline for him to pass Kareem Abdul-Jabbar’s all-time NBA scoring record to Feb. 7 against the Thunder or Feb. 9 against the Bucks, both games in Los Angeles at the crypto.com Arena. If you want to think that’s a coincidence, go ahead, but I’m a little more cynical than that.

Rozier, Washington, Ball help Hornets rally past Heat 122-117

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CHARLOTTE, N.C. (AP) — Terry Rozier scored 31 points, P.J. Washington had 27 and the Charlotte Hornets stopped Miami’s three-game win streak with a 122-117 victory over the Heat on Sunday.

LaMelo Ball scored 13 of his 19 points in the fourth quarter as Charlotte improved to 7-16 at home. Gordon Hayward was a perfect 7 of 7 from the field for 20 points.

Rozier also had seven assists and six rebounds. He was 11 for 19 from the field, including a 5-for-11 performance from 3-point range. He made two buzzer-beater 3s at the end of quarters.

Jimmy Butler scored 28 points for Miami, and Tyler Herro had 24.

The Hornets, who have been hampered by injuries all season, have won four of six for the team’s best stretch of the season. Washington believes it’s a reflection of the team getting healthier.

Charlotte’s projected starting five to begin the season is finally back on the floor and appears to be starting to mesh.

“Everybody is back and everybody is healthy – and that is a major difference,” Washington said. “At the end of the day we have to keep going the way we are right now.”

Hayward has struggled with shoulder and hamstring issues, limiting the team’s highest-paid player to just 24 games.

Sunday marked his best game in months.

“He’s playing confident and getting easy baskets and just bullying guys down low,” Washington said. “He’s playing great basketball and I expect that of him every night.”

Whether a now healthy Hornets team can make a playoff push remains to be seen, but coach Steve Clifford remains optimistic.

“Getting ‘Melo and Gordon back, obviously you’re a different team,” Clifford said. “If we can get into playing set groups then we’ll have a good chance to hopefully put some good stretches together. (It helps) when they know who they’re playing with and they know where the shots are coming from.”

The Heat led 62-58 after Rozier banked in a 3 from the midcourt logo to close out the first half.

Miami went on a 10-1 run to start the third quarter. Herro knocked down two 3-pointers to help the Heat open a 13-point lead.

But Charlotte came storming back behind Washington and Rozier, who began knocking down shots from deep.

Charlotte pushed the lead to 12 with 5:54 left on a turnaround jumper by Rozier.

Miami rallied with a 10-0 run. Kyle Lowry found Bam Adebayo inside for a layup to cut the lead to 108-106.

But Charlotte had another burst as Mason Plumlee got the ball after Rozier won a jump ball and drove to the basket for a score. Ball canned an open 3-pointer to put Charlotte back up 114-106 with 1:50 left.

Washington’s rebound and score off his own miss kept Charlotte up by seven and Plumlee dunked off a pass from Washington to put the game away in the final minute.

Charlotte shot 54.2% from the field and scored 25 points in transition. The Hornets also outrebounded Miami 47-36.

“They have had a lot of injuries but when they have been fully healthy, this team can score much different than their numbers may suggest for the season,” Miami coach Erik Spoelstra said. “We did not step up defensively, they got a lot of easy run-ups that quickly changed the momentum of the game.”

Bulls’ Lonzo Ball “nowhere near playing,” could miss entire season

New Orleans Pelicans v Chicago Bulls
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“I’m trying to stay positive, keep my hopes up. I would love to play. I would never count that out.”

Lonzo Ball tried to put an optimistic face on his recovery from a second knee surgery, but he was realistic and put no timetable on a return.

Bulls coach Billy Donovan was more realistic, speaking Saturday before the Bulls took on the Magic. Via Julia Poe of the Chicago Tribune.

“He’s made some progress, but I’d be the first one to tell you he’s nowhere near playing,” Donovan said. “He’s just not. Because he’s not running on a consistent basis. When he can get to that place where he can do that consistently and be able to come back the next day and do it again, do it again and do it again — I think you’ll feel a little bit more optimistic.”

Could Ball be out for the entire season? Donovan again, via K.C. Johnson of NBC Sports Chicago:

“My guess would be – there’s not been a specifically set date – my guess would be I think we get through the All-Star Break, I think there would probably be everybody sitting down to talk about length and time of the season, how realistic is it for him to get back, if he could get back what would the minutes look like, is it not worth having him back just because it’s too much?’’ Donovan said. “I think everything, at least in my conversations with medical about him, have always been geared towards helping him get back to playing. Certainly once you get out of the All-Star Break, with the amount of time that’s left, basically you’re at the end of February. You have all of March and not even two weeks in April, so you start to get to that point where I think there will be some conversations of, ‘OK, if he’s still not close to playing, what’s the plan moving forward?’”

Ball has undergone multiple knee surgeries. The first was in January 2022 and the expectation at the time was he would return for the playoffs, but his knee didn’t respond well during rehab. That led to a second knee surgery, and recovery from that is going slowly as well. It leaves the Bulls in a tough spot, they miss his defense and his being a floor general on offense as they have struggled to a 23-26 record this season that sees them sitting as the No. 11 seed in the East.