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Warriors, Knicks, Lakers Top Latest NBA Franchise Valuations

December 13th, 2023 at 2:06pm CST by Luke Adams

The Warriors remain the NBA’s most valuable team, according to Kurt Badenhausen of Sportico (subscription required), who unveiled the website’s updated NBA franchise valuations for 2023 on Wednesday.

Badenhausen projects the Warriors’ value at $8.28 billion, making them one of three teams to surpass the $7 billion mark this year. The Knicks have a projected worth of $7.43 billion, while the Lakers come in at $7.34 billion, per Sportico.

As Badenhausen details, Sportico spoke to more than 30 team executives, owners, investors, bankers, consultants, and lawyers in compiling their latest NBA franchise valuations. According to Sportico, the average value of an NBA team is up 33% from a year ago and 70% from when the site first started publishing valuations three years ago.

A combination of factors are contributing to the soaring value of NBA franchises, says Baudenhausen. Those factors include national media deals, international opportunities, scarcity (ie. only 30 teams are available), and an equal 1/30th stake in the league.

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’re highlighting Sportico’s projections in 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 thse 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 2023:

Golden State Warriors: $8.28 billion
New York Knicks: $7.43 billion
Los Angeles Lakers: $7.34 billion
Boston Celtics: $5.12 billion
Chicago Bulls: $4.83 billion
Los Angeles Clippers: $4.56 billion
Miami Heat: $4.17 billion
Philadelphia 76ers: $4.13 billion
Toronto Raptors: $4.11 billion
Houston Rockets: $4.05 billion
Dallas Mavericks: $4.03 billion
Phoenix Suns: $4 billion
Brooklyn Nets: $3.98 billion
Sacramento Kings: $3.46 billion
Denver Nuggets: $3.4 billion
Atlanta Hawks: $3.35 billion
Washington Wizards: $3.33 billion
San Antonio Spurs: $3.29 billion
Portland Trail Blazers: $3.28 billion
Indiana Pacers: $3.27 billion
Utah Jazz: $3.24 billion
Cleveland Cavaliers: $3.22 billion
Milwaukee Bucks: $3.2 billion
Orlando Magic: $3.12 billion
Detroit Pistons: $3.1 billion
Oklahoma City Thunder: $3.08 billion
Charlotte Hornets: $3 billion
Minnesota Timberwolves: $2.94 billion
Memphis Grizzlies: $2.82 billion
New Orleans Pelicans: $2.72 billion

For the most part, the most significant valuation increases (by percentage) within the last year belonged to the teams on the bottom half of this list. Besides the Bucks, whose projection rose by 32%, every franchise in the bottom 10 received at least a 50% bump from Sportico’s 2022 valuations.

The Nuggets, who cracked the top half of this list following their 2023 championship, were another big riser — their valuation increased by 60% and they moved up six spots.

It’s worth noting that the Mavericks‘ reported valuation in Mark Cuban‘s sale to the Adelson and Dumont families reportedly came in around $3.5 billion, well below Sportico’s valuation.

However, more recent reporting has suggested the final valuation will be closer to $4 billion when the transaction closes. That was also a unique situation since Cuban is retaining control of basketball operations as part of the sale agreement, despite surrendering majority control of the business. He’ll hang onto about 25% of the franchise, according to Sportico.

Central Notes: Portis, Connaughton, Love, Pistons

December 10th, 2023 at 6:45pm CST by Dana Gauruder

Following the Bucks’ loss to Indiana in the in-season tournament semifinals, forward Bobby Portis passionately challenged head coach Adrian Griffin and teammates to get better, according to Bleacher Report’s Chris Haynes. Portis spoke about the need to improve their rebounding and also stressed to Griffin the importance of structuring the offense down the stretch of games.

Asked about it on Sunday, Portis didn’t deny he spoke up in the Bucks’ locker room, Eric Nehm of The Athletic tweets. “Don’t know how it got reported; but at the same time, I’m just a competitor. I love to compete. I think I’m a leader. I lead by voice and I lead by example as well. … The guys know who I am. They know I wear my heart on my sleeve.”

We have more from the Central Division:

Griffin is optimistic Pat Connaughton can return this week, indicating on Sunday that he’s hopeful the Bucks wing will suit up in the next “four, five, six, seven days,” Nehm tweets. Connaughton, who is nursing an ankle injury, hasn’t played since Nov. 28.
Kevin Love reached a buyout agreement last season with the Cavaliers to join Miami, but he told Chris Fedor of Cleveland.com that he’s receptive to the idea of finishing out his career in Cleveland. “‘I’m never ruling that out,” he said. “I have so many great relationships there and people that I love. I’m not done with Cleveland. I am definitely open to coming back and retiring there.’”
The Pistons got blown out by the Magic on Friday for their 19th straight loss. Those two franchises seemed to be on parallel trajectories last season but now, while Orlando has taken off, Detroit is endlessly stuck in the rebuild, James Edwards III of The Athletic notes. “You can see right away that everyone (on the Magic) knows who they are — their roles, what they’re supposed to do when they come in, and they’re connected,” Pistons big man Isaiah Stewart said. “They’re connected. You hear them talking. You can just tell they’re connected.”

Southeast Notes: Magic, Martin, Young, Coulibaly

December 10th, 2023 at 1:05pm CST by Arthur Hill

Three starters and another rotation player sat out Friday’s game with injuries, but the Magic barely missed them in a 32-point win over Detroit, writes Jason Beede of The Orlando Sentinel. With Markelle Fultz, Jalen Suggs, Wendell Carter Jr. and Jonathan Isaac all unavailable, Orlando got production from Caleb Houstan, Chuma Okeke, Anthony Black and Goga Bitadze, who made his 17th straight start since Carter fractured the third metacarpal in left hand.

“We’ve said it from training camp and on, it’s a ‘we.’ No matter who it is, no matter who steps on that floor, they’re ready to go,” coach Jamahl Mosley said. “That’s what it says about our coaching staff, about these guys taking ownership of who we are.”

The Magic have shown tremendous depth and resilience in response to the bad injury luck, posting a 15-7 record that has them tied for second in the Eastern Conference. Mosley has been particularly impressed with Black, a rookie guard who was moved into the starting lineup when Fultz began experiencing left knee tendinitis in early November.

“He’s a kid that wants to take on every challenge,” Mosley said. “He does things that I haven’t seen certain guys do in a while with his length and size. That’s where his confidence comes from.”

Mosley didn’t provide many details about Suggs’ right ankle sprain, Beede tweets, saying team doctors are going to monitor how much he improves from game to game.

There’s more from the Southeast Division:

Injuries have also been an issue for the Heat, who were missing three starters in Friday’s loss to Cleveland, notes Anthony Chiang of The Miami Herald. Miami has dropped five of its last seven games, but Caleb Martin doesn’t believe being short-handed should be used as an excuse. “It doesn’t matter who’s out there and who’s playing, who’s not,” Martin said. “We know what we should be doing, we just got to be better.”
Hawks guard Trae Young has been fined $25K for “confronting and directing inappropriate language toward a game official,” the league announced (via Twitter). The incident took place after Wednesday’s one-point loss to Brooklyn as Young thought he was fouled by Dennis Smith Jr. while trying to get off a potential game-winning shot (Twitter video link). The league’s last-two-minute review confirmed that Smith’s play was legal, tweets Kevin Chouinard of Hawks.com.
Wizards rookie Bilal Coulibaly studies a lot of game film to see where he can improve, and he concentrates on Kyle Kuzma as much as himself, according to Chase Hughes of Monumental Sports. “I watch the whole game to see how he plays. There’s a lot to take,” Coulibaly said of his teammate. “He’s been talking to me a lot about eventually going through the guy when going up for the layup. He’s got some great advice for me.”

Southeast Notes: Ingles, Magic, Rozier, Davis

December 6th, 2023 at 5:10pm CST by Arthur Hill

In an interview with James Herbert of CBS Sports, Joe Ingles said he doesn’t mind being the elder statesman on a surprising young Magic squad.

Orlando gave Ingles a two-year, $22MM contract this summer to serve as a veteran leader, and he’s embraced that role both on and off the court. The 36-year-old has brought a winning mentality to a team with only one other player older than 26, and he’s become an important part of the rotation, averaging 5.0 points and 3.5 assists in 18.9 minutes per night while shooting 39.2% from three-point range.

“I’ve loved the role that I’ve got here,” Ingles said. “I’ve loved every minute of living here and the organization and the players and the coaches.”

Magic coach Jamahl Mosley understands the importance having a seasoned veteran on the roster, especially one who has been part of successful organizations. Mosley notes that Ingles is eager to speak up and share his perspectives with teammates.

“He’s absolutely great for this group,” Mosley said. “He keeps it real with these guys about the things that we’re doing, the things that they’re seeing, what he’s seen throughout the league. And, all jokes aside, he is all about winning. And whatever that means, if he plays eight minutes or he plays 18 minutes, he’s preached the same message to this group about what we need to do to become successful.”

There’s more from the Southeast Division:

Magic players learned from last year’s slow start and were determined not to repeat it, according to Tim Bontemps of ESPN. While Paolo Banchero was establishing himself as the top rookie in the league last fall, Orlando stumbled out of the gate, posting a 5-20 record that left the team out of the playoff race by early December. “I remember clearly, in the summertime having dinners with [Mosley] and other players and talking about this exact situation,” Banchero said. “Start off well and try and get as many wins as you can in the first month or two just because you know how important those are later in the year.”
Terry Rozier is taking on more point guard duties for the Hornets while LaMelo Ball is sidelined with a right ankle strain, per Roderick Boone of The Charlotte Observer. Rozier is averaging a career-high 6.6 assists per game and recorded 13 last Thursday at Brooklyn. “Definitely just getting guys involved early, making sure they feel good,” Rozier said. “Finding guys in their spots, knowing fourth-quarter plays, having a meeting going into the game. So, it just changed in that aspect. But the main thing is winning, so that’s what we are trying to do.”
Johnny Davis has a strained left calf and his condition will be reevaluated weekly, the Wizards announced (via Twitter).

Injury Notes: Beal, J. Murray, Jazz, Magic

December 6th, 2023 at 8:31am CST by Luke Adams

Suns guard Bradley Beal has been limited to just three games for his new team so far this season and hasn’t played since November 12 due to back problems. However, the hope is that he won’t be sidelined for too much longer, Shams Charania of The Athletic said during an appearance on The Rally (Twitter video link).

“I’m told Beal has started his ramp-up process and he’s continuing to progress in that ramp-up,” Charania said. “The goal is to track toward a return soon, potentially over the next 10 days, as long as the progress continues. But we know it’s been a fluid process with this back (issue). The back can be something that you have to be cautious with.”

As Charania notes, the Suns are willing to be patient with Beal since their priority is to be healthy when the postseason begins in the spring — they’d rather hold him out for a few extra games now if it means having him available in April.

Phoenix has also been playing relatively well without its third star, lessening the need to get Beal back on the court as soon as possible. Since Devin Booker returned on Nov. 15, the Suns are 8-3 — and Booker sat out one of those three losses.

Here are a few more injury updates from around the NBA:

Nuggets guard Jamal Murray, who injured his right ankle in his first game back from a hamstring injury last Wednesday, is considered questionable to return to action tonight vs. the Clippers, per Bennett Durando of The Denver Post. “Hamstring’s fine. I’ve worked enough to get it back to strength,” Murray said. “Now it’s just another thing.” As Durando points out, Murray would become eligible for a super-max extension if he earns All-NBA honors this season, but he’ll fall short of the 65-game minimum required for All-NBA consideration if he misses five more contests.
Jazz guard Jordan Clarkson will miss a third straight game on Wednesday in Dallas due to a right thigh contusion, the team announced (via Twitter). Kelly Olynyk (right shoulder strain) has been ruled out for a second consecutive game, while Lauri Markkanen (left hamstring strain) will remain unavailable for a sixth game in a row. The expectation is that Markkanen will be reevaluated at some point this week, at which time we may get a better sense of his recovery timeline.
Magic guard Markelle Fultz (left knee tendinitis), who has been ruled out for a 13th straight game, is “progressing slowly” and still isn’t doing full contact work in practices, head coach Jamahl Mosley said on Tuesday, per Jason Beede of The Orlando Sentinel (subscription required). Jonathan Isaac, who has logged just seven minutes in Orlando’s past four games due to ankle issues, is listed as questionable for Wednesday’s game in Cleveland, Beede adds.

Wagner: Goal Is To Make Playoffs

December 5th, 2023 at 5:45pm CST by Dana Gauruder

Franz Wagner takes on a variety of topics during an in-depth interview with Hoops Hype’s Michael Scotto. With the Magic off to a hot start, Wagner and his teammates have their sights set on the postseason. “I think we want to make the playoffs,” he said. “Last year, I think we were four or five games out of the play-in, and my first year, we didn’t win a lot of games at all, so that would be really cool. I’d be super excited for it, and we’ve still got more than 60 games left, so we’ve got to make sure that we keep putting in the work every day and keep getting better as well.”

Southeast Notes: Hawks, Ball, Heat, McClung

December 5th, 2023 at 9:08am CST by Luke Adams

With Jalen Johnson unavailable due to a wrist injury, the Hawks have been experimenting a little more with different frontcourt combinations, including playing centers Clint Capela and Onyeka Okongwu alongside one another, writes Lauren Williams of The Atlanta Journal-Constitution (subscription required).

The pairing is very much a work in progress, particularly on the offensive end, but it showed some intriguing potential against bigger teams like San Antonio and Milwaukee, according to Williams.

“There’s certain times in the game where that allows itself and there’s certain matchups where I think it pays dividends defensively,” head coach Quin Snyder said. “(Saturday vs. Milwaukee) was one of those nights).”

For his part, Okongwu is on board with the idea of handling power forward alongside Capela if it means he’ll get an opportunity to play a little more.

“Whatever it takes for me to be on the court longer, I’ll do it,” Okongwu said. “Playing the four, it’s obviously is an adjustment but nothing I can’t do.”

Here’s more from around the Southeast:

Hornets guard LaMelo Ball still has a noticeable limp and isn’t expected to return anytime soon, but he’s no longer wearing a walking boot, tweets Roderick Boone of The Charlotte Observer. That’s a promising first step in Ball’s recovery from a severely sprained right ankle, which he’s scheduled to have reevaluated this week.
Buoyed by a seven-game winning streak in the first half of November, the Heat are 11-9 after 20 games, but many of their victories have come against subpar competition and they’ve lost four of their last five contests. Jimmy Butler kept coming back to one word when describing the team’s performance so far, per Barry Jackson of The Miami Herald. “We stand right where we don’t want to be, which is very mediocre, not good, not bad, not great, not any of those things,” Butler said. “Just mediocre. You talk about our offense has been mediocre. You talk about our defense has been mediocre. That’s the word I would use.”
Mac McClung, who has been playing for the Magic‘s G League affiliate this season, was named the NBAGL’s player of the month for November, the league announced on Monday (Twitter link). McClung averaged 25.4 points, 5.7 assists, and 4.3 rebounds per game in nine November contests for the Osceola Magic, but isn’t under contract with Orlando — the 2023 slam dunk champion remains an NBA free agent, available to sign with any team.

Magic’s Mosley, Timberwolves’ Finch Earn Coach Of Month Honors

December 4th, 2023 at 6:36pm CST by Dana Gauruder

The Magic‘s Jamahl Mosley has been named the Eastern Conference Coach of the Month, the NBA announced today (via Twitter). The Timberwolves‘ Chris Finch earned Western Conference Coach of the Month honors.

This is the first time that Mosley has won the league’s monthly award for coaches. It’s also the first time a Magic head coach has received the honor since Steve Clifford in March/April 2019. During October and November, Mosley guided Orlando to a 13-5 record, which was second-best in the Eastern Conference and third-best in the NBA. The Magic went 11-3 in November.

Finch also gained the honor the first time. He’s the third Timberwolves head coach to win the award and the first since Kevin McHale in January 2009. The team’s 14-4 start marked the best 18-game record to begin a season in Timberwolves history. Finch also led Minnesota to a 13-2 record in November.

J.B. Bickerstaff (Cavaliers), Rick Carlisle (Pacers), Joe Mazzulla (Celtics) and Nick Nurse (Sixers) were the other nominees in the East. Mark Daigneault (Thunder), Jason Kidd (Mavericks), Michael Malone (Nuggets) and Ime Udoka (Rockets) were the other nominees in the West (Twitter link).

Veteran NBA Wing Terrence Ross Retires

December 1st, 2023 at 10:47pm CST by Rory Maher

Veteran wing Terrence Ross, who played 11 NBA seasons from 2012-23, officially announced his retirement on Friday evening via his podcast (YouTube link).

Ross spent the first four-plus seasons of his career with the Raptors, who selected him eighth overall in the 2012 draft. He was traded to Orlando in 2017 in the deal that sent Serge Ibaka to Toronto and spent parts of seven seasons with the Magic prior to being bought out and waived in February, ultimately signing with the Suns to finish out the 2022/23 season.

The 32-year-old was an unrestricted free agent this past offseason after his deal with Phoenix expired and didn’t end up signing another NBA contract. He confirmed a rumor back in August that he was offered a deal by a Serbian club, but obviously he didn’t accept it.

Ross, who played college ball at Washington and won the 2013 dunk contest, cited injuries and a desire to spend more time with his family as motivating factors in his decision to retire.

Overall, Ross appeared in 733 regular season games, including 187 starts, averaging 11.0 points, 2.8 rebounds and 1.3 assists while shooting 36.2% from three-point range in 24.5 minutes per night.

After the Magic won their ninth straight game on Friday night, head coach Jamahl Mosley was asked about Ross’ retirement, as Jason Beede of The Orlando Sentinel relays (via Twitter). Ross sat courtside at the game.

“He just brought such a great joy to this group. … They look up to him, they’re still in chats together,” Mosley said. “I think he’s such a great veteran for our guys with a young group when he was here, it was great to have him.”

Southeast Notes: Adebayo, Heat, Magic, Wizards, McGowens, Smith

December 1st, 2023 at 2:14pm CST by Tristan Tucker

Heat center Bam Adebayo went to the locker room in the second quarter of Miami’s Thursday victory over the Pacers after re-aggravating a hip injury, then was later ruled out for the rest of the game.

“He came in those last four minutes of the second quarter and he was just getting some treatment at halftime with the intention to come back,” head coach Erik Spoelstra said, per Anthony Chiang of the Miami Herald. “I basically talked to him in my office and just said, ‘Look, you’re laboring like the fourth quarter of the New York game and it’s November right now. I’m not putting you back in in the second half. I’m taking this decision out of your hands.’ I didn’t even talk to the trainers at that point.”

This lingering hip issue has caused Adebayo to miss three games this season already. While it hasn’t yet kept him out of action long-term, it’s still worth monitoring Miami’s leading scorer and rebounder.

“It’s not, thankfully, something serious,” Spoelstra said. “It’s just you play competitive NBA basketball, you get hit, you’re jumping and you’re twisting, all that stuff. He heals fast, so we’ll continue to treat him and see where we are.”

With Adebayo out of action, the Heat turned to Thomas Bryant, who had previously been out of the rotation, but he only logged six minutes to start the second half. Orlando Robinson also saw some action, but Kevin Love took on the brunt of the workload at the position.

We have more from the Southeast Division:

Spoelstra made headlines this offseason when he said he felt the Heat were deeper this year than last. At the time, the Heat had just missed out on trading for Damian Lillard and lost Gabe Vincent and Max Strus to free agency. But Spoelstra appears to have been proven right, with Miami’s depth propelling the team in the early parts of the season, Chiang writes in a separate piece. Even with Tyler Herro unavailable, the Heat’s reserves outscored Indiana’s bench 66-23 on Thursday. Love, Josh Richardson, Caleb Martin and Jaime Jaquez are among the bench players currently flourishing. “That’s scary, man,” Martin said. “Shoot, Duncan is coming off a hand injury, you got Tyler who’s not even back in the mix. We got a lot of guys we can turn to and that’s the scary thing about it. … We just got a lot of talented dudes who are ready whenever their name is going to be called.“
The Magic, whose 13-5 record is the second-best in the NBA, are one of the league’s top teams. Josh Robbins of The Athletic analyzes how Orlando set the standard for what a rebuild should look like, and compares it to how the Wizards have started theirs. As Robbins observes, the Magic sold high on their core at the right time, primarily by turning Nikola Vucevic into Franz Wagner, a baton handoff for franchise cornerstone, by way of trade. Robbins opines that for the Wizards, the best time to trade Bradley Beal, their centerpiece at the time, was from 2019-21. Then, when former decision-makers gave Beal a no-trade clause, it forced newly hired president Michael Winger and general manager Will Dawkins to sell low on the three-time All-Star, failing to kick-start a rebuild in the way the Magic did when they traded Vucevic.
Hornets guards Bryce McGowens and Nick Smith are both getting increased opportunities in Charlotte, with each scoring season highs in Thursday’s win over the Nets. “Bryce is just putting a lot of work in and it’s showing,” Charlotte guard Terry Rozier said, per The Charlotte Observer’s Roderick Boone. “That’s all it is. We are all happy for him and hopefully he can keep it going.” Smith said he’s enjoying the chance to contribute as a young rookie.