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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.

Celtics Waive Two-Way Player Nathan Knight

December 12th, 2023 at 4:30pm CST by Dana Gauruder

Two-way player Nathan Knight has been waived by the Celtics, Jared Weiss of The Athletic tweets.

The 6’8” forward hasn’t appeared in any games this season. He came off the bench in 38 games last season for Minnesota.

Overall, he has appeared in 108 regular season games with the Hawks and Timberwolves, averaging 3.7 points and 2.0 rebounds in 7.8 minutes per game. The Wolves declined their team option on Knight during the offseason and didn’t issue a qualifying offer, making him an unrestricted free agent.

He signed with the Knicks but was waived during training camp. Knight was signed to one of Boston’s three two-way spots on Oct. 22.

Knight has seen action in 12 games with Boston’s G League affiliate in Maine, averaging 8.9 points and 8.3 rebounds in 22.9 minutes per game.

Boston now has one two-way spot open. Guard JD Davison and center Neemias Queta occupy the other two-way spots.

Atlantic Notes: Raptors, Sims, Hartenstein, Walsh

December 12th, 2023 at 4:05pm CST by Luke Adams

Raptors head coach Darko Rajakovic isn’t oblivious to the calls to modify his starting lineup, but he’s not prepared to make any changes yet. In a media session on Tuesday, Rajakovic said he wants to give his current starting five – Dennis Schröder, Scottie Barnes, OG Anunoby, Pascal Siakam, and Jakob Poeltl – “another game or two” to figure things out, tweets Josh Lewenberg of TSN.ca.

The five-man group has a minus-4.7 net rating in 270 minutes so far this season. As Lewenberg observes, the starters have been outscored in six of the Raptors’ last seven games and the club lost all six of those games. If there are no positive steps forward within the next couple games, it sounds like Rajakovic is open to shaking things up.

“It’s not something that’s completely off the table,” he said today.

Here’s more from around the Atlantic:

Eric Koreen and John Hollinger of The Athletic teamed up to examine what it would look like if the Raptors become trade deadline sellers, weighing the trade value of players like Siakam and Anunoby. Hollinger also digs into what a trade sending Siakam to the Hawks might look like, suggesting a package of a couple first-round picks (Sacramento’s lottery-protected 2024 pick and Atlanta’s own “lightly protected” 2029 selection), De’Andre Hunter, and Bogdan Bogdanovic in exchange for Siakam and Christian Koloko.
While Jericho Sims got the starting nod in the Knicks‘ first game without center Mitchell Robinson, Isaiah Hartenstein played more minutes than Sims did and was part of the closing lineup, notes Fred Katz of The Athletic. Katz takes a closer look at what Robinson’s extended absence will mean for New York, exploring whether additional lineup and rotation tweaks may be necessary if Sims continues to start.
Celtics forward Jordan Walsh has yet to make his regular season NBA debut, having spent much of his rookie season so far in the G League. According to Chris Forsberg of NBC Sports Boston, head coach Joe Mazzulla – who has said he wants to see Walsh focus on defense and impacting the game without scoring during his time in Maine – is keeping tabs on the rookie’s progress. “We get an email after every game,” Mazzulla said. “Craig [Luschenat], our guy who works with our player development, and [Maine head coach] Blaine [Mueller] are in constant communication and then we have constant development checklist of what’s important to us, where we want him to be at the end of the season, where we want him to be in a year from now.”

Injury Notes: Beal, Suns, Porzingis, Harris, Adebayo, Jazz

December 8th, 2023 at 9:41am CST by Luke Adams

Star guard Bradley Beal fully participated in the Suns‘ practice on Thursday, but he’s not quite ready to return from his back injury, writes Duane Rankin of The Arizona Republic. The team wants to get Beal some more practice reps before reinserting him into its lineup, according to head coach Frank Vogel.

“We want to see him stack together a few practices where he responds well,” Vogel said. “No timeline on how many that is or what that looks like, but we want to continue to make sure he’s responding well before we put him back in there. Stay away from being in and out.”

The shorthanded Suns will also be without Kevin Durant (left ankle sprain) and Grayson Allen (right groin strain) when they host Sacramento on Friday. However, as Rankin relays, Vogel referred to those injuries as “short-term” issues, suggesting Durant and Allen may not miss much – if any – additional time beyond Friday.

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

As expected, Kristaps Porzingis appears poised to return for the Celtics after missing four games due to a strained left calf. He’s considered probable to play in Friday’s game vs. New York, according to the team (Twitter link).
[Note: Porzingis has since been upgraded to available.]
Pistons forward Joe Harris, who has been sidelined since November 5 due to a shoulder injury, has been upgraded to questionable for Friday’s game in Orlando, tweets Omari Sankofa II of The Detroit Free Press. Spacing has been an issue this season for the Pistons, who rank 28th in the NBA in three-pointers per game, so the return of Harris, a career 43.6% three-point shooter, could be a boon.
Heat big man Bam Adebayo will miss a second consecutive game on Friday vs. Cleveland due to his left hip contusion, tweets Ira Winderman of The South Florida Sun Sentinel. Adebayo said earlier this week that he’s unsure about his return timeline.
The Jazz are close to getting some lineup reinforcements. Jordan Clarkson (right thigh contusion), who has missed the past three games, and Kelly Olynyk (right shoulder strain), who has been out for two in a row, are listed as questionable for Friday vs. the Clippers. Lauri Markkanen (left hamstring strain) will be unavailable for a seventh straight contest, but was a full practice participant on Thursday and just has to tick a couple more boxes before being cleared to return, Sarah Todd of The Deseret News explains.

Southwest Notes: Porzingis, Spurs, Williams, Alvarado

December 6th, 2023 at 9:56pm CST by Arthur Hill

Kristaps Porzingis blames immaturity and a personality conflict with Luka Doncic for the failure of their time together with the Mavericks, writes Brad Townsend of The Dallas Morning News. The Celtics big man made the comments during an appearance on The Old Man and the Three podcast (video link), hosted by J.J. Redick, who was also with the Mavs for part of that time.

Dallas acquired Porzingis in January 2019 after he asked the Knicks for a trade, but he never meshed with Doncic. He played 134 games in his three years with Dallas before being shipped to Washington at the 2022 trade deadline. Porzingis regrets that the experience didn’t work out better.

“It’s a mix of many things. Maturity, for sure. I’m talking about what I could have done better. It’s many things, majority on my part for sure,” he said. “And then I wasn’t that much into analytics and numbers. If somebody I think at that stage of my career presented it to me the right way and said, ‘This is what we need to do, this is what we need from you, you’re going to be way more effective doing this,’ like kind of explaining it to me better, I think that would have made a difference a little bit.”

There’s more from the Southwest Division:

The Spurs‘ game at Minnesota tonight gave them an up-close look at a team they may want to emulate in the rebuilding process, notes Tom Orsborn of The San Antonio Express-News. The Timberwolves were patient in amassing young talent, and they seem ready to compete with the NBA’s elite teams after a 16-4 start. “You have definitely seen them rebuild by starting over and getting a bunch of young guys together and getting them playing on the same page, and now they are the No. 1 seed and winning a lot,” Tre Jones said. “Memphis was the same way for the past couple of years. They have injuries and a lot of guys out right now, but they were at the bottom of the league and then got a couple of draft picks and got some new guys in there and they started winning a lot.”
After spending the majority of his rookie season in the G League, Vince Williams Jr. is now taking on most of the Grizzlies‘ toughest defensive assignments, notes Damichael Cole of The Memphis Commercial Appeal. Williams is hoping to become Memphis’ version of Patrick Beverley, changing games with big plays on defense. “He’s locking up,” Jaren Jackson Jr. said. “He’s being that guy we need to guard the best wings in the game right now. He’s an irritant, and he’s still scoring the ball.”
If the Pelicans win the in-season tournament, Jose Alvarado doesn’t plan to spend a penny of the $500K cash prize, according to Marc J. Spears of Andscape. Alvarado has already decided it will go into a savings account for his three young daughters.

In-Season Tournament Notes: Banner, Lakers’ Timeout, Tatum, Ratings

December 6th, 2023 at 6:23pm CST by Arthur Hill

Winning the first in-season tournament will be a historic accomplishment, but is it worth hanging a banner in the rafters? Joe Vardon of The Athletic suggests the answer may depend on which team leaves Las Vegas with the trophy. The Lakers, who already have 17 banners, and the Bucks, who were crowned champions three years ago, may be less likely to hang up a banner than the Pacers or Pelicans, who’ve never won an NBA title.

“I think you’ll see a banner of some sort,” Indiana coach Rick Carlisle said. “This is not an insignificant thing at all. … This being the first one is extra special.”

“I think at this point in my career, because I haven’t done anything yet, I’ll take a banner, but certainly Bron (LeBron James) would not answer the same way,” Pacers guard Tyrese Haliburton added.

Players and fans have embraced the tournament, but the event is too new to determine how much significance it will carry each year. Cash prizes are helping to fuel the competition — with $500K per player for the winners, $200K for the runners-up and $100K for the other two semifinalists — but Haliburton believes bragging rights are a bigger incentive, with everyone wanting to be part of the first tournament winner in league history.

The Pelicans also recognize how much a tournament title would mean, with coach Willie Green saying he would “absolutely” want a banner if New Orleans wins. Brandon Ingram said the money and a chance at history have inspired the team to work extra hard.

“I think my motivating factor is just seeing my teammates really get ready for these games like this – it’s a different approach,” he said. “You see some of my teammates who don’t get extra shots (after practices) like, locked in an exercise center at the shootaround. This is just like a different deal. I know how bad they want it.”

There’s more on the tournament:

The NBA’s last two minute report claims the controversial timeout the Lakers received Tuesday in their win over the Suns was justified, tweets Gerald Bourguet of PHNX Sports. The report cites three mistakes, which were all fouls that should have been called against Phoenix.
Celtics star Jayson Tatum is the latest player to criticize the importance given to point differential in breaking ties during group play. Appearing on the Point Forward podcast with Andre Iguodala and Evan Turner, Tatum said he had to play expanded minutes in Boston’s final group game, which was a blowout against Chicago (hat tip to SB Nation). “We was in the game and I was like,” Tatum said, “I remember I tapped, I think it was Torrey Craig. I was like, ‘Yo bro, I don’t really want to be out here right now.’ Cause we were up 30 going into the fourth. If it was a Wednesday I would have been sitting on the bench and the younger guys would have gotten in. It just didn’t feel right.”
The quarterfinal matchup between the Lakers and Suns drew 1.97 million viewers, up 89% from games at a similar time last season, according to a tweet from the league.

Tournament’s Final Four Set, Regular Season Schedule Finalized

December 6th, 2023 at 7:08am CST by Luke Adams

The Bucks and the Lakers earned quarterfinal victories on Tuesday night, joining the Pacers and Pelicans as the final four teams that will head to Las Vegas to compete for the championship in the NBA’s first-ever in-season tournament.

Milwaukee pulled away from New York in the second half in Tuesday’s early game, with superstars Giannis Antetokounmpo and Damian Lillard combining for 63 points in the 146-122 victory.

In the late game, the Lakers benefited from a generous timeout call in the closing seconds (Twitter video link) and eked out Phoenix in a 106-103 nail-biter, led by LeBron James‘ 31 points, 11 assists, eight rebounds, and five steals.

The schedule for Thursday’s semifinals at T-Mobile Arena is as follows:

Milwaukee Bucks vs. Indiana Pacers (4:00 pm Central time)
Los Angeles Lakers vs. New Orleans Pelicans (8:00 pm CT)

The winners of those semifinal matchups will square off in the in-season tournament final at T-Mobile Arena on Saturday at 7:30 pm CT.

Players on standard contracts with the Bucks, Pacers, Lakers, and Pelicans have now secured bonuses worth at least $100K (two-way players will earn half that amount). A semifinal victory would increase those bonuses to at least $200K, while the champs will earn $500K apiece.

The Celtics, Knicks, Kings, and Suns, meanwhile, will come away with bonuses worth $50K per player for making the knockout round, but won’t get the opportunity to head to Vegas for the tournament’s final stage.

Instead, the Knicks will travel to Boston on Friday, while the Kings will visit Phoenix on the same night. Those newly added regular season contests represent the 82nd game on each team’s schedule. Thursday’s semifinals will also count toward the NBA’s regular season standings, but Saturday’s final won’t, since that will be the 83rd game on those teams’ schedules.

Atlantic Notes: Celtics, Koloko, Siakam, Sixers

December 5th, 2023 at 10:12am CST by Luke Adams

Appearing on FanDuel’s Run It Back show (Twitter video link), Shams Charania of The Athletic said that he anticipates the Celtics being active on the trade market as February’s deadline nears. The goal for the C’s, Charania says, will be to “beef up” their bench rotation.

The expectation coming into the season was that Boston would have a top-heavy roster, and that has certainly been the case so far this fall. Top scorers Jayson Tatum, Jaylen Brown, and Kristaps Porzingis have averaged nearly 69 combined points per game, while the club’s reserves are totaling just 25.7 points per contest, which ranks 29th in the NBA.

As Charania observes, the Celtics parted with a pair of future first-round picks in their preseason trade for Jrue Holiday, but one of those came from Golden State, so they still have some flexibility with draft assets going forward and could theoretically move multiple first-rounders. The team also has a trade exception worth approximately $6.2MM that could come in handy in a deal involving a player earning a modest salary.

Here’s more from around the Atlantic:

There are still no concrete updates on the status of Raptors big man Christian Koloko, who has been sidelined since Summer League due to a respiratory issue, tweets Michael Grange of Sportsnet.ca. The 23-year-old appeared in 58 games as a rookie last season, but is still just doing drill work with coaches after practices and has yet to participate in full practices this fall, Grange notes.
Raptors forward Pascal Siakam is in the midst of one of the worst shooting slumps of his career, having made just five of his last 52 three-pointers, per Josh Lewenberg of TSN.ca. Siakam’s poor shooting has been a major factor in Toronto’s underwhelming 33.7% rate on threes (28th in the NBA), but he’s confident he’ll turn things around. “I think the most important [thing] is just putting the work in,” Siakam said. “… Either you stop shooting them or the other thing you do is you keep shooting and it just kinda [evens out]. I think it’s just basketball. It happens and you just got to continue to work on it, trust the work and the process.”
The scheduling around the in-season tournament has resulted in a stretch of four consecutive off-days for the Sixers. Gina Mizell of The Philadelphia Inquirer takes a closer look at how the 76ers have been taking advantage of the break in their schedule, including head coach Nick Nurse giving his team two days off followed by two days of “sharp, intense” practices.

Tyrese Haliburton To Play In Tournament Quarterfinal

December 4th, 2023 at 5:03pm CST by Dana Gauruder

Barring a last-minute setback, the Pacers will have their best player available for their in-season tournament quarterfinal game against the Celtics tonight.

Indiana coach Rick Carlisle said he expects Tyrese Haliburton to play, Dustin Dopirak of the Indianapolis Star tweets. Haliburton sat out Indiana’s 144-129 win over Miami on Saturday due to a right knee bone bruise and an upper respiratory infection.

Haliburton is averaging 27.0 points and 11.8 assists for the league’s high-scoring team while shooting 51.9% from the field. The Pacers emerged as the No. 2 seed in the East after the group stage, while the Celtics — who are the current favorites among oddsmakers to win the tournament — grabbed the third seed.

The winner of the quarterfinal matchup will face the survivor of the Knicks–Bucks game on Tuesday in the semifinals of the inaugural tournament. Reaching the semifinals guarantees each player a $100K bonus.

Obi Toppin, who was listed as questionable to play due to an ankle injury, is also expected to play, according to Carlisle.

Nikola Jokic, Jayson Tatum Named Players Of The Month

December 4th, 2023 at 3:17pm CST by Rory Maher

Nuggets center Nikola Jokic and Celtics forward Jayson Tatum have been named the NBA’s players of the month, the league announced on Monday (Twitter link). Jokic won for the Western conference, while Tatum won for the East.

A two-time MVP and the reigning Finals MVP, Jokic put up staggering averages of 29.0 points, 13.2 rebounds, 9.2 assists and 1.2 steals on .571/.316/.800 shooting in 18 games played in October and November (33.7 minutes). Denver went 12-6 in games he played and 13-6 overall the past two months.

Jokic, 28, currently leads the league in total points, rebounds and assists. On a per-game basis, he’s eighth in points, first in rebounds and third in assists.

Tatum, meanwhile, averaged 27.7 points, 8.8 rebounds, 4.1 assists and 1.1 steals on .494/.361/.807 shooting in 18 games played in October and November (37.0 minutes). Boston went 14-4 in those games, which tied Minnesota for the best record in the league over that span (both clubs are now 15-4).

According to the NBA (Twitter links), the other nominees in the West were Anthony Davis, Luka Doncic, Kevin Durant, Anthony Edwards, De’Aaron Fox, Shai Gilgeous-Alexander and Alperen Sengun, while Giannis Antetokounmpo, Paolo Banchero, Franz Wagner, Jalen Brunson, Joel Embiid, Tyrese Maxey, Tyrese Haliburton and Donovan Mitchell were nominated in the East.