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Forbes Releases 2021 NBA Franchise Valuations

February 10th, 2021 at 10:04am CST by Luke Adams

It has been an up-and-down 12 months for the NBA, which had to pause its operations for several months when its players first began testing positive for the coronavirus last March. Although the league was eventually able to play the 2020 postseason and is in the midst of its (slightly-abridged) 2020/21 regular season, fans still haven’t been able to return to arenas in many NBA cities, putting a major dent in projected revenues for the coming year.

Despite the financial challenges faced by many of the NBA’s teams, the overall value of those franchises continues to increase, according to a report from Kurt Badenhausen and Mike Ozanian of Forbes. While it’s the most modest year-over-year rise since 2010, Forbes estimates that average team values are up by about 4% from 2020.

The Knicks have become the first franchise to earn a $5 billion valuation from Forbes, with a league-high 9% increase in their value since last February. The Warriors, meanwhile, also saw their value rise by 9%, according to Forbes, surpassing the Lakers for the No. 2 spot on the annual report. The league-wide average of $2.2 billion per team in 2021 is a new record for Forbes’ valuations.

Forbes’ valuations are slightly more conservative than the ones issued by sports-business outlet Sportico last month — Sportico’s report featured an average team value of nearly $2.4 billion, with the Knicks, Warriors, and Lakers all surpassing the $5 billion threshold.

Here’s the full list of NBA franchise valuations, per Forbes:

New York Knicks: $5 billion
Golden State Warriors: $4.7 billion
Los Angeles Lakers: $4.6 billion
Chicago Bulls: $3.3 billion
Boston Celtics: $3.2 billion
Los Angeles Clippers: $2.75 billion
Brooklyn Nets: $2.65 billion
Houston Rockets: $2.5 billion
Dallas Mavericks: $2.45 billion
Toronto Raptors: $2.15 billion
Philadelphia 76ers: $2.075 billion
Miami Heat: $2 billion
Portland Trail Blazers: $1.9 billion
San Antonio Spurs: $1.85 billion
Sacramento Kings: $1.825 billion
Washington Wizards: $1.8 billion
Phoenix Suns: $1.7 billion
Utah Jazz: $1.66 billion
Denver Nuggets: $1.65 billion
Milwaukee Bucks: $1.625 billion
Oklahoma City Thunder: $1.575 billion
Cleveland Cavaliers: $1.56 billion
Indiana Pacers: $1.55 billion
Atlanta Hawks: $1.52 billion
Charlotte Hornets: $1.5 billion
Orlando Magic: $1.46 billion
Detroit Pistons: $1.45 billion
Minnesota Timberwolves: $1.4 billion
New Orleans Pelicans: $1.35 billion
Memphis Grizzlies: $1.3 billion

While most franchise values increased, that wasn’t the case across the board. The Thunder, Hawks, Hornets, Pistons, Pelicans, and Grizzlies all maintained the same value that they had in 2020. No teams decreased in value, however.

The Jazz had the biggest rise in the bottom half of this list, moving from 21st in 2020’s rankings to 18th this year. That’s because the team was actually sold to a new majority owner in recent months, with Ryan Smith assuming control of the franchise at its new $1.66 billion valuation.

As that Jazz example shows, the actual amount a team is sold for often exceeds Forbes’ valuation, so these figures should just be viewed as estimates.

Young Excited For All-Star Game

February 9th, 2021 at 10:01pm CST by Alex Kirschenbaum

Unlike some other probable All-Stars who have expressed reluctance about playing in a potential March 7 All-Star Game in Atlanta, Hawks point guard Trae Young has said he would relish the opportunity to participate if he earns a second straight All-Star berth, according to Sarah K. Spencer of the Atlanta Journal-Constitution.

“I understand both sides,” said Young, who is averaging 26.7 PPG, 9.2 APG, and 4.0 RPG for the 11-12 Hawks. “Obviously, it’s in Atlanta, I’d love to be a part of it, if there is a game.”

Hawks Notes: Hunter, Reddish, Point Guard, Bogdanovic

February 9th, 2021 at 11:55am CST by Luke Adams

Hawks forward De’Andre Hunter, who underwent a lateral meniscus arthroscopic debridement procedure earlier this week, won’t be back on the court for the team anytime soon. Addressing Hunter’s situation today on 92.9 The Game in Atlanta, general manager Travis Schlenk suggested that the 23-year-old will be sidelined until at least late March, and likely sometime in April.

“The doctors say, typically, on average, these things are seven to 10 weeks,” Schlenk said, per Mike Conti of 92.9 The Game. “And most of the guys are ready to go by eight weeks. So, we’re hopeful.”

The Hawks’ initial announcement on Hunter indicated that his status would be updated when he’s re-evaluated in two weeks. According to Sarah K. Spencer of The Atlanta Journal-Constitution (Twitter link), the club hopes to have a clearer idea at that point about which end of the seven-to-10 week timeline is more likely to apply to Hunter.

Here’s more out of Atlanta:

Chris Kirschner of The Athletic explores what Hunter’s absence will mean for the Hawks in the short term and the long term, noting that the pressure on new starting small forward Cam Reddish will increase. Kirschner also expects Atlanta to play it safe with Hunter’s return timeline to help avoid any recurring knee issues.
In a separate story for The Athletic, Kirschner and John Hollinger discussed a few Hawks-related topics, including the hole at backup point guard that Rajon Rondo hasn’t adequately filled. Hollinger, who questioned Atlanta’s decision not to claim Elfrid Payton when New York waived him in November, suggested that Payton, George Hill, Delon Wright, and T.J. McConnell could be potential targets if Atlanta tries to shore up the position via trade.
Hawks guard Bogdan Bogdanovic, who was only able to play nine games for his new team before being sidelined by a right knee fracture, spoke to Sarah K. Spencer of The Atlanta Journal-Constitution about the injury and his goal to return before the end of the first half. “Anything before All-Star would be really good for me, but I don’t want to put the pressure on it,” Bogdanovic said. “But I would like to play before the All-Star (break), if it was me, and if my body heals up.”

De’Andre Hunter To Undergo Meniscus Surgery

February 7th, 2021 at 4:15pm CST by JD Shaw

Hawks forward De’Andre Hunter will undergo a lateral meniscus arthroscopic debridement procedure, the team announced on social media. The surgery is scheduled for Monday in Atlanta.

Hunter, the No. 4 pick in 2019, has missed the last four games due to right knee discomfort caused by wear and tear. An update will be provided on his status in approximately two weeks, the team said.

Atlanta has started the season with a 11-12 record. The 23-year-old Hunter has appeared in 18 contests, averaging 17.2 points, 5.4 rebounds and 32.2 minutes per game. He’s shot 51% from the floor and 37% from deep during those games, starting in every outing.

The Hawks are already playing without shooting guard Bogdan Bogdanovic, who suffered an avulsion fracture in his right knee last month.

Free Agent Stock Watch: Southeast Division

February 5th, 2021 at 9:09pm CST by Dana Gauruder

Throughout the season, Hoops Rumors takes a closer look at players who will be free agents or could become free agents this off-season. We examine if their stock is rising or falling due to performance and other factors. This week, we take a look at players from the Southeast Division:

Malik Monk, Hornets, 23, SG (Up) – Signed to a four-year, $15.7MM deal in 2017

Monk has forced his way back into Charlotte’s rotation — 36-point explosions will do that for you. Monk’s scoring outburst led the Hornets to an overtime victory against Miami on Monday. That was sandwiched by an 18-point game against Milwaukee and a 13-point output against Philadelphia. A 2017 lottery pick, Monk has never shot better than 34.2% from deep in his first three seasons and bottomed out at 28.4% last season. He’s made 52.5% of his long-range shots this season. Charlotte would have to extend Monk a $7MM+ qualifying offer to make him a restricted free agent this summer. The Hornets might opt to deal him this winter but Monk will continue to pump up his value if he keeps shooting like this.

Tony Snell, Hawks, 29, SG (Down) – Signed to a four-year, $46MM deal in 2017

Snell had a player option that was much too lucrative to turn down last offseason. When he becomes an unrestricted free agent this summer, he’ll be looking at substantially smaller offers that the one he received from Milwaukee in 2017. Snell started regularly for Detroit last season but he hasn’t gotten much floor time with Atlanta despite several injuries to wing players. He played a season-high 24 minutes against Utah on Thursday but once De’Andre Hunter and Bogdan Bogdanovic return to action, Snell will reside at the end of the bench once again.

Kendrick Nunn, Heat, 25, SG (Down) – Signed to a three-year, $3.1MM deal in 2018

Nunn was one of the league’s feel-good stories last season, an undrafted rookie who graduated from the G League to become a starter with the Heat, then finished second in the Rookie of the Year voting after averaging 15.3 PPG and 3.3 APG in 67 regular-season games. However, he lost his starting job in the Orlando bubble following a bout with COVID-19 and hasn’t regained it this season. Nunn was playing regularly when Jimmy Butler battled the virus last month but he has fallen completely out of the rotation the last three games. Avery Bradley‘s latest injury should allow him to regain his spot. Nunn’s qualifying offer is a meager $2.1MM if he doesn’t meet the starter criteria, so he’ll likely become a restricted free agent. Still, it’ll be harder to land a big offer sheet from another club if his playing time continues to wildly fluctuate.

Ish Smith, Wizards, 32, PG (Down) – Signed to a two-year, $12MM deal in 2019

Smith has carved out a nice career as a second-unit sparkplug. He’s always been capable of tossing in a 20-point night with his quickness and driving ability. Those outings haven’t occurred this season. He’s only reached double digits once despite averaging a steady 20.7 MPG. He’s still making a positive contributor with his passing – he’s averaged 7.0 assists the last five games – but he’s 1-for-12 from the field in his last two games despite playing 54 minutes. At 32, Smith will find it increasingly difficult to get offers ahead of younger players. That reality could strike as early as this summer.

Photo courtesy of USA Today Sports Images.

Hawks Still Working To Solve Back-Up Point Guard Issue

February 5th, 2021 at 2:19pm CST by JD Shaw

The Hawks still haven’t solved their back-up point guard issue, Chris Kirschner of The Athletic opines. Atlanta has struggled without Trae Young on the floor this season, owning just a 10-12 record in their first 22 games. Offseason signings Rajon Rondo and Kris Dunn have both missed time due to injuries, with Rondo only playing in 13 of those games and Dunn not appearing in a single contest to date.

And-Ones: Australia, Evans, Masks, Free Agency

February 2nd, 2021 at 9:58pm CST by Dana Gauruder

Ben Simmons heads the list of players named by Basketball Australia to the country’s preliminary Olympic squad, Marc Stein of the New York Times tweets. Among some of the other NBA notables on the 24-player list are Aron Baynes, Joe Ingles, Dante Exum, Matisse Thybulle, Patty Mills, Josh Green, Thon Maker and Matthew Dellavedova. The squad will have to be pared to 12 players for the Olympic tournament in Tokyo this summer.

We have more from around the basketball world:

The Erie BayHawks waived guard Jacob Evans to make room for forward Jordan Bell, JD Shaw of Hoops Rumors tweets. Bell was released from his 10-day contract with the Wizards over the weekend. Evans played for the Warriors and Timberwolves the past two seasons.
The NBA will soon require players to wear KN95 or KF94 masks on the bench and all other areas where masks are necessary, Tim Bontemps of ESPN writes. The new rule will go into effect over the next week. Starting with games on Friday, the NBA will more strictly enforce current rules regarding the use of face masks, Bontemps adds.
The Athletic trio of James Edwards III (Pistons), Mike Vorkunov (Knicks) and Chris Kirschner (Hawks) take a closer look at their teams’ free agent moves during the offseason, how well those players have worked out so far, and what those franchises could have done differently.

Young Players Carrying Team During Injury-Riddled Season

February 2nd, 2021 at 9:17pm CST by Dana Gauruder

The Hawks invested heavily in the free agent market but they’ve relied on their young players so far with many of those offseason pickups sidelined by injuries, Chris Kirschner of The Athletic notes. Their bench has scored the third-fewest amount of points due to those injuries but they’ve still been able to hover around the .500 mark. “It shows that the hard work we’ve been putting in behind closed doors is paying off,” big man John Collins said. “I feel like just as a team and organization, you’re always going to put a lot of stock into your young players.”

Fischer’s Latest: Beal, Wizards, Pelicans, Hawks, Ujiri

February 1st, 2021 at 2:47pm CST by Luke Adams

Reiterating a point made by ESPN’s Adrian Wojnarowski on Friday and Wizards head coach Scott Brooks on Saturday, Jake Fischer of Bleacher Report confirms that Bradley Beal is not available via trade, citing one longtime executive who notes that the team’s stance on the matter appears sincere and isn’t a bluff to drive up the guard’s price.

Despite there being no change in Beal’s potential availability, it continues to be a popular subject of speculation around the NBA. As Fischer explains, opposing front offices anticipate an “inevitable inflection point,” since there’s an expectation that the Wizards won’t be able to transform into a contender before Beal becomes eligible for free agency in 2022.

That inflection point isn’t here yet though, and the expectation is that it won’t arrive prior to this season’s trade deadline. According to Fischer, there’s a sentiment around the league that, regardless of Washington’s record, team ownership is unlikely to approve a Beal trade until the 2021 offseason at the very earliest.

“Teams say it all the time, but you feel like it’s real,” one assistant GM told Fischer, referring to the Wizards’ unwillingness to engage.

Here are a few more items of note from Fischer’s latest report:

New Orleans’ interest in Beal is one of the “biggest open secrets” around the league, according to Fischer, who suggests that the Pelicans and Hawks could be among the potential suitors for the Wizards guard if he eventually hits the trade block. Washington had been eyeing Onyeka Okongwu with the No. 9 pick in the 2020 draft before Atlanta scooped him up at No. 6, Fischer notes.
The Hawks “widely signaled” prior to draft night in the fall that Kevin Huerter was available via trade, per Fischer. It’s unclear whether the team’s stance has changed at all since then or if Huerter will be a trade candidate at next month’s deadline.
Word in NBA circles is that the Wizards may try to make another run at Masai Ujiri this summer, according to Fischer, who says the franchise has some deep-pocketed minority stakeholders interested in pursuing the Raptors‘ president of basketball operations. Although the Wizards denied it at the time, ESPN’s Adrian Wojnarowski reported in June 2019 that the club was ready to make an aggressive offer to Ujiri, whose contract with Toronto expires later this year.

Southeast Notes: Westbrook, Herro, Anthony, Hunter

January 31st, 2021 at 10:55am CST by Arthur Hill

Frustrations may be boiling over for Wizards guard Russell Westbrook, who was involved in his second on-court incident of the week Friday night, writes Chris Cwik of Yahoo Sports. Westbrook was ejected from the loss to the Hawks after a game-long battle with Rajon Rondo. They both received technicals for a second-quarter altercation, then Westbrook picked up another one after shoving Rondo in the fourth quarter.

Westbrook was also involved in a double-technical incident Tuesday in Houston during an exchange with John Wall, the player he was traded for in December. The combination of losing and a sub-par shooting year are undoubtedly contributing to Westbrook’s short fuse.

“Honestly, it’s more on me,” he responded when asked about the dispute with Rondo. “I cannot allow myself to stoop down to anybody’s level. That’s not my character, who I am.”

There’s more from the Southeast Division:

The Heat may have another looming COVID-19 problem, according to an ESPN story. Tyler Herro learned at halftime Saturday night that someone he lives with has tested positive for the virus. He’s not sure yet if he’ll have to quarantine. Kendrick Nunn didn’t play Saturday because the team was awaiting his test results, but he was cleared by the second quarter. Jimmy Butler returned after missing 10 games due to health and safety protocols.
The Magic are being patient with first-round pick Cole Anthony as he goes through the ups and downs of being a rookie, notes Josh Robbins of The Athletic. Anthony, who has moved into the starting lineup for the past 12 games, has impressed teammates with his desire to improve. “He’s hard on himself,” said James Ennis, who serves as a mentor to Anthony. “He doesn’t like making mistakes. I give him credit. He’s tough. It’s hard to find young guys like that. He listens, also. So it’s hard to find young guys that come in and listen and want to compete and just want to be perfect.”
The Magic aren’t likely to re-sign Evan Fournier when he becomes a free agent after this season, Robbins adds in the same piece. Although Fournier is only 28, Orlando has some cap concerns after giving extensions to Jonathan Isaac and Markelle Fultz. Robbins expects the team to explore trade offers for Fournier if it falls out of the playoff race before the March 25 deadline.
De’Andre Hunter‘s condition will be reviewed this week after an MRI Saturday showed articular wear and tear in his right knee, the Hawks announced in a press release. Hunter will be held out of Monday’s game against the Lakers.