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Forbes Releases 2022 NBA Franchise Valuations

October 27th, 2022 at 10:59am CST by Luke Adams

For the first time since Forbes began issuing annual valuations of NBA teams over two decades ago, a team other than the Knicks or Lakers ranks atop the publication’s list of 2022’s most valuable franchises.

According to Mike Ozanian and Justin Teitelbaum of Forbes, the Warriors are now considered the NBA’s most valuable club, with a record-setting valuation of $7 billion following a championship season.

Forbes’ duo explains that the Warriors generated more revenue and operating income in 2021/22 than any other team in NBA history, buoyed by $150MM in arena sponsorships and advertising, along with $250MM from premium seating.

While the Warriors enjoyed the biggest bump in value since Forbes’ most recent round of valuations, every other NBA team saw its valuation rise during that time as well, according to Ozanian and Teitelbaum, who say the average franchise is now valued at $2.86 billion. That’s 15% more than a year ago, despite the fact that the stock market is down 15% over the same time period.

Of the NBA’s 30 teams, only one – the Nets – lost money last season, per Forbes’ report, which states that record-setting sponsorship and advertising revenue ($1.35 billion last season) has put the league back on its “pre-Covid growth trajectory.” Further growth is anticipated going forward, with a new television and media deal to be negotiated in the coming years — it will take effect in 2025.

Although Forbes’ figures are just estimates and often don’t quite match up with the sale prices for franchises that change hands, they’re still useful for getting a sense of the league’s most and least valuable teams.

Here’s Forbes’ full list of NBA franchise valuations for 2022:

Golden State Warriors: $7 billion
New York Knicks: $6.1 billion
Los Angeles Lakers: $5.9 billion
Chicago Bulls: $4.1 billion
Boston Celtics: $4.0 billion
Los Angeles Clippers: $3.9 billion
Brooklyn Nets: $3.5 billion
Dallas Mavericks: $3.3 billion
Houston Rockets: $3.2 billion
Philadelphia 76ers: $3.15 billion
Toronto Raptors: $3.1 billion
Miami Heat: $3 billion
Phoenix Suns: $2.7 billion
Washington Wizards: $2.5 billion
Milwaukee Bucks: $2.3 billion
Portland Trail Blazers: $2.1 billion
Cleveland Cavaliers: $2.05 billion
Sacramento Kings: $2.03 billion
Utah Jazz: $2.025 billion
San Antonio Spurs: $2 billion
Atlanta Hawks: $1.975 billion
Denver Nuggets: $1.93 billion
Detroit Pistons: $1.9 billion
Oklahoma City Thunder: $1.875 billion
Orlando Magic: $1.85 billion
Indiana Pacers: $1.8 billion
Charlotte Hornets: $1.7 billion
Minnesota Timberwolves: $1.67 billion
Memphis Grizzlies: $1.65 billion
New Orleans Pelicans: $1.6 billion

Team USA Rumors: Young, Beal, Allen, Embiid

October 25th, 2022 at 9:22am CST by Luke Adams

Under former USA Basketball managing director Jerry Colangelo, continuity was a top priority for the men’s national team. Colangelo required players to make two-year commitments to the program, maintained a pool of about 40 Team USA players, and conducted training camps in summers when there was no major international competition.

However, as Joe Vardon of The Athletic details, new managing director Grant Hill has decided to take a different approach, having concluded – along with new Team USA head coach Steve Kerr – that it’s not realistic to expect NBA superstars to commit back-to-back summers to the national program.

The plan for Team USA is to spend the next several months, into the spring, building the team that will represent the country at the World Cup in the Philippines next fall. USA Basketball will then repeat that process the following year in preparation for the 2024 Olympics in Paris, Vardon writes.

While it remains to be seen which players will ultimately suit up for Team USA at those two events, Vardon’s article includes some additional info on potential candidates. Here are some highlights:

Hawks star Trae Young has long wanted to play for Team USA at a World Cup or Olympics, but hasn’t gotten the chance to do so yet. He’s optimistic he’ll get that chance now that Hill – a minority owner of the Hawks – is so involved in the process. “It’s exciting, knowing someone who has more of a say,” Young told Vardon.
Wizards star Bradley Beal missed the last World Cup due to the birth of his son and also had to sit out of the Olympics after contracting COVID-19, but he’s interested in playing for the team going forward. “I definitely see myself playing for USA,” Beal told Vardon. “That’s always been a goal of mine, obviously to play in the Olympics, but there’s a step to get there (the World Cup). So if it’s available to me, for sure.”
Cavaliers center Jarrett Allen is receiving “heavy consideration” from Team USA officials, according to Vardon. Allen would be interested if he’s invited to take part, telling Vardon he would “take a lot of pride in representing us on a stage in front of the world.”
Confirming a previous report from Marc Stein, Vardon says Team USA is very interested in Joel Embiid, a native of Cameroon who has French and U.S. citizenship. USA Basketball hasn’t begun a formal recruitment of Embiid, but doesn’t want to see him join a French frontcourt that already features Rudy Gobert and Victor Wembanyama.
Jayson Tatum, Bam Adebayo, Devin Booker, Khris Middleton, and Zach LaVine are among the players who won gold with Team USA in Tokyo and would be welcomed back if they want to play in the 2023 World Cup, says Vardon.

Hunter's Contract Could Have Major Tax Implications

October 24th, 2022 at 5:52pm CST by Dana Gauruder

It’s questionable whether Hawks owner Tony Ressler would actually be willing to pay a luxury tax unless the Hawks have 60-win potential, which is why De’Andre Hunter‘s extension could become an issue in the near future, according to John Hollinger of The Athletic. Hunter’s extension of four years and up to $95MM puts the Hawks in a bind as early as next summer if Bogdan Bogdanović picks up his $18MM option for 2023/24, Hollinger notes. They’ll also have to shell out big bucks to re-sign Dejounte Murray in 2024, so unless they clear cap space, the Hawks could be limited to using the taxpayer mid-level exception and still ending up paying the tax in ’23/24, then go even deeper into tax territory the following season.

Charania’s Latest: Lakers, Rozier, J. Richardson, Crowder

October 24th, 2022 at 10:06am CST by Luke Adams

Hornets guard Terry Rozier was on the Lakers‘ radar over the offseason as a potential trade candidate, and Los Angeles still has a “high” level of interest in him, according to Shams Charania of The Athletic.

As Charania outlines, the Lakers and Hornets explored possible three- and four-team trade scenarios involving Rozier during the summer, but his availability during the season will depend on how Charlotte performs.

As Kevin O’Connor of The Ringer noted earlier today, Charlotte was mentioned as a possible landing spot for Lakers guard Russell Westbrook earlier in the year, but that was when the Hornets were interested in moving off some multiyear salary in preparation of a lucrative new deal for Miles Bridges. With Bridges’ basketball future up in the air, that may no longer be a priority.

Still, it’s possible that if the Hornets fall out of playoff contention, a deal structured around Westbrook, Rozier, and perhaps Gordon Hayward (who is owed $31.5MM in 2023/24) could appeal to the team, despite a reduced need to create future financial flexibility.

Here’s more from Charania:

The Lakers have had preliminary discussions in recent weeks about a possible trade involving Spurs swingman Josh Richardson, sources tell Charania. San Antonio still has a significant amount of cap room available this season and could take on Westbrook’s contract without having to match salaries. However, the Spurs would need to trade at least one more player in addition to Richardson to be able to absorb Westbrook’s $47MM+ cap hit.
Charania reiterates that the Bucks, Heat, and Hawks are potential suitors for veteran forward Jae Crowder, who remains away from the Suns as they seek a trade. According to Charania, Phoenix and Milwaukee have engaged in some recent discussions about a possible deal involving Crowder.
As we relayed in a full story earlier this morning, Charania also reported that the Timberwolves have discussed possible extensions with Naz Reid and Jaylen Nowell.

Bogdan Bogdanovic Still Not Able To Practice

October 22nd, 2022 at 5:11pm CST by Arthur Hill

Hawks guard Bogdan Bogdanovic still has a way to go before returning from knee surgery, per Lauren Williams of The Atlanta Journal-Constitution. Coach Nate McMillan said Bogdanovic hasn’t progressed beyond light shooting and drills, and the medical staff can’t determine how close he is to playing until they can watch him at practice.

Hawks’ Owner Ressler Talks Murray, Hunter, Expectations

October 21st, 2022 at 11:31am CST by Luke Adams

After acquiring Dejounte Murray from San Antonio in a blockbuster trade that saw them give up three first-round picks (two unprotected) and a pick swap, the Hawks expect to be a playoff team and not just a play-in club in 2022/23, team owner Tony Ressler tells Jeff Schultz of The Athletic.

Ressler conducted separate one-on-one interviews with Schultz and Lauren Williams of The Atlanta Journal-Constitution to discuss the Murray trade, his expectations for the team, and a handful of other topics.

The Hawks’ owner stressed in both conversations that the team will have to wait to get to the 20- or 30-game mark to get a real sense of where it stands in the Eastern Conference, but Atlanta got off to a solid start on Wednesday with a 117-107 victory over Houston.

Here are a few of the more notable comments from Ressler’s two interviews, which overlap a little but are worth checking out in full:

On whether there was much internal debate over making the Murray trade:

“Yes, there was a lot of debate. Dejounte is a great player, and we gave up a lot to get him. There wasn’t debate about the quality of Dejounte and what he would bring to the Hawks. And now, our starting five, I think we have a good team. (Wednesday) was only one game, but it did say, ‘Hey, we have four guys who can give you 20 points any night.’ And if that’s an aberration, then we screwed up, but we don’t think it’s an aberration. We’re deeper and better than we were last year.”

On whether the Hawks felt like they were mortgaging their future and opening up a win-now window with the Murray deal:

“I try not to speak that way. That’s not good business talk. Good business talk is, ‘Is this a good trade for us now?’ Not, ‘We have to win now.’ As you point out, that’s a lot for any player, and it’s worthy of evaluation and discussion. After losing in the first round of the playoffs, we saw a lot of things we can do better, and we thought Dejounte would help us do many of those things. And we do still have some picks for the future, so we can still draft young players for the future. We’re not out of that part of the business.”

On why the Hawks felt comfortable signing De’Andre Hunter to a four-year extension worth at least $90MM:

“De’Andre has done everything well. He’s had some bad luck in his first three seasons, health-wise, whatnot, injury wise, but you know what, he’s a kid that can do everything. And he’s a great kid, he’s a great player, wants to get better. And for whatever it’s worth, we believe he’s getting better, continuing to get better and off a pretty high bar. So that’s a kid that you’re thrilled to have here. I actually think he complements the rest of our guys beautifully.”

On the desire to bring an NBA championship to Atlanta:

“Franchises that have won a championship or multiple championships I have grown to respect even more. This is my eighth season, and we still haven’t won a championship. I’m proud of the direction we’re moving in. But to be a great, top-tier NBA franchise, you must win a championship. Some people in our franchise are, ‘We won one in St. Louis.’ I don’t count that. I wasn’t there. I wasn’t born. I don’t give a f–k. Our job is to win a championship or multiple championships, and we’re not there, yet.”

Contract Extension Details: Porter, Hunter, Little

October 20th, 2022 at 3:53pm CST by Luke Adams

As previously reported, Kevin Porter Jr. new four-year extension with the Rockets is only fully guaranteed for the first season. As Kelly Iko of The Athletic reports and Hoops Rumors has confirmed, all four years of the deal have a base salary of $15,860,000, with an additional $4,758,000 available each year via incentives.

Those incentives are divided into two categories and are based on Porter’s minutes played and the success of the team, according to Iko, who says the team-based bonuses are tied to wins, play-in tournament appearances, and/or playoff berths. If Porter maxes out his incentives, the total four-year value of the deal would be $82,472,000, but the total base value if he doesn’t earn any bonuses is just $63,440,000.

Although Porter’s second-year salary isn’t guaranteed yet, it will become partially guaranteed for $1MM if he remains under contract through July 1, 2023, which is when the extension officially begins. That partial guarantee for the 2024/25 season will increase to $3MM at the start of the ’23/24 regular season and will rise to $6MM if Porter remains under contract five days beyond the 2024 trade deadline, as Iko outlines.

Porter can also earn a full guarantee for 2024/25 if he reaches a certain minutes threshold in ’23/24 and the Rockets also earn a top-eight seed and make the playoffs that season, Iko explains. Finally, as long as Porter remains under contract, his second-, third-, and fourth-year salaries will automatically become fully guaranteed on the June 30 before that season begins. The Rockets would have to waive him to avoid paying those salaries.

Here are details on a couple other contract extensions signed earlier this week:

De’Andre Hunter‘s four-year extension with the Hawks starts at $20,089,286 in year one and features standard 8% annual raises, increasing to $24,910,714 for year four. Each season includes $1.25MM in unlikely incentives, so $90MM is fully guaranteed and $5MM is available in incentives, as initially reported.
Nassir Little‘s four-year extension with the Trail Blazers also features a standard rising structure, beginning at $6,250,000 in 2023/24 and increasing by $500K per year, up to $7,750,000 in ’26/27. As initially reported, it’s fully guaranteed, with no team or player option.

Hunter Ready To Live Up To Contract

October 18th, 2022 at 8:04pm CST by Dana Gauruder

De’Andre Hunter got his rookie scale extension. Now, the Hawks forward wants to show he’s worthy of the four-year contract, which can be worth up to $95MM, Lauren Williams of the Atlanta Journal Constitution writes. “I mean, it’s gonna be my home for the next four or five years, whatever,” Hunter said. “Like I said, I’m just grateful, thankful that they gave me the opportunity, that they have so much faith in me as a player, just trying to work my butt off and do what I need to do to become a better player for the team.”

De’Andre Hunter Signs Four-Year Extension With Hawks

October 17th, 2022 at 8:00pm CST by Alex Kirschenbaum

8:00pm: The Hawks have officially announced the deal in a press release.

7:07pm: Hawks small forward De’Andre Hunter is signing a four-season rookie scale contract extension worth up to $95MM to remain in Atlanta, agents Thad Foucher and Joe Smith inform Adrian Wojnarowski of ESPN.

Michael Scotto of HoopsHype reports (Twitter link) that $90MM of the deal is guaranteed, while the remaining $5MM on the contract represents unlikely bonus incentives. Scotto adds that there are no player or team options baked into the agreement.

Bobby Marks of ESPN adds (via Twitter) that the fourth-year swingman’s contract extension will pay him $20.1MM starting in the 2023/24 season, with annual salary increases from there. Marks adds that $1.25MM in unlikely incentives could be paid out across each of the four years.

Hunter, the No. 4 pick out of Virginia in 2019, has spent his entire pro career with Atlanta. On draft night in 2019, the Hawks acquired Hunter’s draft rights from the Pelicans, who in turn had received his rights as part of the Lakers’ blockbuster summer deal for All-Star big man Anthony Davis.

When healthy, the 6’8″ wing has exhibited plenty of promise as an intimidating two-way force. However, Hunter has been hampered by injuries through the past two NBA seasons, having missed a combined 78 regular season contests from 2020-22.

Across 53 games during the 2021/22 season, the 24-year-old averaged 13.4 PPG on .442/.379/.765 shooting splits. He also chipped in 3.3 RPG, 1.3 APG, and 0.7 SPG. A strong defender capable of effectively pestering shooting guards through power forwards, Hunter operates as an excellent complement to star scorer Trae Young. With Atlanta having shored up its backcourt defense by trading for 2022 All-Star guard Dejounte Murray, Hunter may not be extended quite as much defensively this year.

Earlier this offseason, Hoops Rumors scribe Rory Maher predicted that Hunter could fetch a long-term deal in the range of $60-$80MM. The $60MM is what Rory projected the Hawks would have been willing to offer, while the higher end of the bargain represents what Rory considered to be the rate Hunter and his representatives may have wanted. Instead, the Hawks are making an even more aggressive commitment.

The robust $95MM total value of the deal represents a significant investment in the injury-prone wing, with the Hawks clearly gambling that he will be able to string together healthier seasons and continue to grow on offense in the seasons to come.

With Hunter agreeing to an extension, that brings the tally of rookie scale extension deals to 11 this year, tying a record that was set in 2021, tweets Marc Stein. The 2019 draft’s top five picks all signed lucrative extension deals. No. 13 pick Tyler Herro of the Heat, is the only other ’19 lottery pick to agree to a rookie scale extension.

Injury Updates: Suggs, Nets, Westbrook, Bogdanovic

October 16th, 2022 at 12:55pm CST by Luke Adams

Magic guard Jalen Suggs, who was diagnosed with a left knee capsule sprain and bone bruise after leaving the team’s October 7 preseason game, will be available when Orlando opens its regular season on Wednesday in Detroit, head coach Jamahl Mosley said on Sunday (link via Khobi Price of The Orlando Sentinel).

It’s a somewhat surprising update, since bone bruises can be troublesome ailments and the Magic have generally taken a conservative approach when bringing back young players from injuries during the last couple years.

One orthopedic surgeon who spoke to Price last week speculated that the capsule sprain would take about two-to-four weeks to heal, while the bone bruise might extend Suggs’ recovery timeline beyond that. However, that surgeon didn’t assess Suggs first-hand, and it appears the former No. 5 overall pick will comfortably beat that estimated timeline.

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

The Nets confirmed today that Joe Harris (foot) and Seth Curry (ankle) will not be available for the team’s regular season opener on Wednesday, tweets Kristian Winfield of The New York Daily News. Harris and Curry, both of whom are coming back from ankle surgery, will continue to go through contact practices this week, with Brooklyn expecting to offer another update on Thursday.
Russell Westbrook‘s left hamstring injury isn’t considered serious, according to Chris Haynes of Yahoo Sports, who tweets that the Lakers guard will be listed as day-to-day after undergoing some tests. There’s no structural damage to the hamstring, Haynes adds.
Hawks swingman Bogdan Bogdanovic is making progress as he continues to recover from knee surgery, but he’s unlikely to be available for the team’s regular season opener on Wednesday, head coach Nate McMillan told reporters on Sunday (Twitter link via Lauren L. Williams of The Atlanta Journal-Constitution).
While Kings rookie forward Keegan Murray isn’t dealing with an injury, he has been placed in the NBA’s health and safety protocols, reports Sean Cunningham of Fox 40 Sacramento (Twitter link). It’s unclear if Murray will be cleared to play in the team’s regular season opener on Wednesday.