Knicks again top Forbes NBA franchise valuation list, now worth $4.6 billion

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What television ratings downturn? What troubles with China? What issue with load management?

None of that has impacted franchise values — Forbes annual valuations are out, and they show NBA team values went up 14 percent in the past year. No team went up less than 6 percent in value, and no team is worth less than $1.3 billion, according to Forbes. Just remember that next time an owner cries about his team not making money — franchise value increases are not counted in that number. The owners are doing just fine, thank you very much.

Even if the team is not well run — the Knicks remain at the top of the value list at $4.6 billion (they have led most years), followed by the Lakers ($4.4 billion) and the Warriors ($4.3 billion). Here is the full list:

1. New York Knicks: $4.6 billion
2. Los Angeles Lakers: $4.4 billion
3. Golden State Warriors: $4.3 billion
4. Chicago Bulls: $3.2 billion
5. Boston Celtics: $3.1 billion
6. Los Angeles Clippers: $2.6 billion
7. Brooklyn Nets: $2.5 billion
8. Houston Rockets: $2.475 billion
9. Dallas Mavericks: $2.4 billion
10. Toronto Raptors: $2.1 billion
11. Philadelphia 76ers: $2 billion
12. Miami Heat: $1.95 billion
13. Portland Trail Blazers: $1.85 billion
14. San Antonio Spurs: $1.8 billion
15. Sacramento Kings: $1.775 billion
16. Washington Wizards: $1.75 billion
17. Phoenix Suns: $1.625 billion
18. Denver Nuggets: $1.6 billion
19. Milwaukee Bucks: $1.58 billion
20. Oklahoma City Thunder: $1.575 billion
21. Utah Jazz: $1.55 billion
22. Indiana Pacers: $1.525 billion
23. Atlanta Hawks: $1.52 billion
24. Cleveland Cavaliers: $1.51 billion
25. Charlotte Hornets: $1.5 billion
26. Detroit Pistons: $1.45 billion
27. Orlando Magic: $1.43 billion
28. Minnesota Timberwolves: $1.375 billion
29. New Orleans Pelicans: $1.35 billion
30. Memphis Grizzlies: $1.3 billion

One other interesting note in the Forbes article, as it pertains to the decline in ratings this season: That’s the way your father watched the NBA, not the wave of the future, so those ratings may not hurt the next broadcast deal at all.

Yet as viewing gravitates more seamlessly to a streaming-centric world, the NBA’s younger demographic will be key. The NBA’s average viewership age is 43 versus 52 for the NFL and 59 for MLB, according to Nielsen. Streaming viewership of NBA games on ESPN and TNT is up more than 30% this season.

“This season’s NBA ratings story is silly. It is a small sample size. This is a year-round league with year-round stories,” says sports media consultant Lee Berke of LHB Sports. “The next NBA media agreements will be a substantially evolved set of deals because of streaming. There will be an increasing range of media companies that want the NBA for the U.S. and worldwide.”

The current $2.7 billion per year NBA deal with ESPN and TNT runs through the 2024-25 season, and Berke expects the next deal to roughly double in value.

That new deal will be very different, and much more about streaming and other alternative forms of broadcasts, but it could well be just as lucrative, if not more.

Hawks trade Harkless, second-round pick to Thunder for Vit Krejci

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The Atlanta Hawks just saved some money, getting under the luxury tax line. The Oklahoma City Thunder picked up a second-round pick for their trouble of taking on a contract.

The Hawks have traded Moe Harkless and a second-round pick to the Thunder for Vit Krejci the teams announced (Shams Charania of The Athletic was first).

This saves Atlanta a little over $3 million, which moves them from above the luxury tax line to $1.3 million below it. While the almighty dollar was the primary motivation in the ATL, the Hawks also pick up a development project. Krejci showed a little promise in his rookie season, appearing in 30 games and averaging 6.2 points plus 3.4 rebounds a night, before having his knee scoped in April.

Krejci was on the bubble of making the team in Oklahoma City, now the Thunder pick up a second-round pick for a guy they might have waived anyway.

Harkless, 29, is on an expiring $4.6 million contract, which fits nicely into the Disabled Player Exception the Thunder were granted for Chet Holmgren’s season-ending foot injury.

The Thunder are expected to waive Harkless and buy him out, making him a free agent. However, they could keep him and see if another trade could net them another second-round pick.

Lonzo Ball says ‘I can’t run’ or jump; Bulls’ Donovan has to plan for extended absence

Milwaukee Bucks v Chicago Bulls
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Officially, Lonzo Ball will be out 4-6 weeks after getting his knee scoped this week.

However, this is his second surgery on his left knee this year — he had meniscus surgery in January, after which he was never able to return to the court — and there are concerns Ball could miss significant time again. And coach Billy Donovan has no choice but to plan for an extended absence.

Ball did a Zoom call with reporters on Tuesday and it’s hard to come away from what he said overly optimistic. Rob Schaefer reported on the call for NBC Sports Chicago:

“Literally, I really can’t run. I can’t run or jump. There’s a range from, like, 30 to 60 degrees when my knee is bent that I have, like, no force and I can’t, like, catch myself. Until I can do those things I can’t play,” Ball said. “I did rehab, it was getting better, but it was not to a point where I could get out there and run full speed or jump. So surgery is the next step.”

The symptoms are something Ball said he has never dealt with and have left doctors, in his words, “a little surprised.”

It’s never good when doctors are surprised. Ball said the doctors don’t see anything on the MRI, but there is clearly something wrong, so they are going in and looking to find the issue and fix it.

Ball has been diligent in his recovery work from the start, the problem was pain in his knee. Something was still not right after the first surgery. Whatever it is.

The 4-6 week timeline would have Ball back in early November, but you know they will be overly cautious with him after the past year. Coach Billy Donovan was honest — he has to plan for a season without Ball.

The Bulls need Ball in a deep and challenging East. He brings defense, pushes the pace in transition, and takes care of the rock. Chicago has other players who can do those things individually — Alex Caruso can defend, Coby White pushes in transition, Goran Dragic takes care of the ball — but the Bulls lack one player who can do all those things. At least they lack one until Ball returns.

Whenever that may be.

Deandre Ayton says he hasn’t spoken to coach Williams since Game 7

Phoenix Suns v New Orleans Pelicans - Game Four
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In a Game 7 against the Mavericks last May, Suns coach Monty Williams benched center Deandre Ayton, who ended up playing just 17 minutes in an ugly, blowout loss for Phoenix. When asked about it after the game Williams said, “It’s internal.”

Ayton and Williams have not spoken since then, according to Ayton.

Yikes. Remember that includes a summer where the Suns would not offer Ayton a max contract extension so he went out and got one from the Pacers, then the Suns instantly matched it. Ayton did not sound thrilled to be back in Phoenix on Media Day, and he was rather matter-of-fact about dealing with his coach.

It’s what every fan wants to hear — “this is just my job.”

Reporters asked Williams about this and he played it off, saying he hasn’t spoken with a lot of players yet.

It’s just day one of training camp, but there are a lot of red flags around the Suns: owner Robert Sarver being suspended and selling the team, Jae Crowder not in camp waiting to be traded, and now not a lot of communication between the team’s star center and its coach.

Maybe it all amounts to nothing. Maybe the Suns get on the court, Chris Paul looks rejuvenated, Devin Booker looks like Devin Booker, and none of this matters. But what had looked like a stable situation not that long ago now has a lot of red flags flying heading into the season, and that has to concern Suns fans.

 

Report: Lakers would have traded both first-round picks for Irving, Mitchell

Utah Jazz v Brooklyn Nets
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“If you make that trade, it has to be the right one, you have one shot to do it,” Lakers GM Rob Pelinka said at media day, pulling back the curtain a little on his thinking of trading two first-round picks. “So we’re being very thoughtful around the decisions on when and how to use draft capital in a way that will improve our roster.”

That tracks with the consistent messaging out of Los Angeles all summer: The Lakers would only trade the only two first-round picks they fully control for the rest of this decade (2027 and 2029) for a deal that made them a contender.

That meant landing Kyrie Irving or Donovan Mitchell, ESPN’s Dave McMenamin said on The Hoop Collective Podcast.

“I’ve been told that had the Lakers been able to acquire, Kyrie Irving, or the Lakers been able to acquire Donovan Mitchell, either of those players, the Lakers were willing and able to move both those [first-round] picks to do it.”

The problem for the Lakers is the market price for elite talent has moved beyond two first-round picks. The Jazz got three unprotected first-round picks (2025, 2027 and 2029) plus the rights to two pick swaps (2026 and 2028) in the Mitchell trade, not to mention three players: Lauri Markkanen (who they will try to trade for another pick), Collin Sexton, and Ochair Agbaji. The price for Kyrie Irving would have been at least as high, if the Nets really wanted to trade him.

The Lakers traded all of their young players and most of their picks to land Anthony Davis and Russell Westbrook, except for the ones they let walk away (Alex Caruso). Before he was judicious in making trades like he was this offseason, Pelinka made deals that backed him into this corner.

The Lakers likely could use both picks to acquire Buddy Hield and Myles Turner out of Indiana (sending Westbrook back), but that doesn’t make Los Angeles a contender (a playoff team, but not a title threat) and it messes with the plan to have around $30 million in cap space next summer to chase a big name.

The Lakers you see in training camp are the Lakers you get. At least for now.