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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.

Love Doesn't Rule Out Playing In Cleveland Again

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

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.’”

Injury Notes: Mobley, Embiid, Brunson, Little, O. Porter

December 8th, 2023 at 10:26pm CST by Rory Maher

Cavaliers big man Evan Mobley missed his first game of the 2023/24 season on Friday due to left knee soreness. The third-year forward/center also didn’t participate in the team’s shootaround, according to Chris Fedor of Cleveland.com (subscriber link), who reports that Mobley could miss multiple games with the injury, though that depends on how he responds to treatment.

The Cavs’ next game is Monday in Orlando, so Mobley will have a couple more days to determine how he’s feeling, Fedor notes. Forward Dean Wade started in Mobley’s place during Friday’s victory in Miami.

Here are some more injury notes from around the NBA:

Reigning MVP Joel Embiid will be reevaluated on Saturday after sustaining a left leg injury in the Sixers‘ victory over Atlanta on Friday, tweets Mike Vorkunov of The Athletic. Embiid grabbed at his knee after falling on a drive, Vorkunov adds, but he was able to play through it while favoring his left leg.
Knicks guard Jalen Brunson sustained an injury to his lower left leg after stepping on Payton Pritchard‘s foot with 21 seconds remaining and the Knicks down 12 to Boston, per New York Basketball (Twitter video link). The team’s leading scorer was able to head to the locker room under his own power, but had a noticeable limp. Head coach Tom Thibodeau said he didn’t regret having Brunson in the game, despite the loss being all but guaranteed (Twitter link via Stefan Bondy of The New York Post). Brunson didn’t speak to the media afterward, tweets Steve Popper of Newsday.
Suns wing Nassir Little took a hard fall in the first quarter of Friday’s contest vs. Sacramento and appeared to be woozy after the incident, according to Duane Rankin of The Arizona Republic (Twitter link). Little was later ruled out of the remainder of the contest, as he’s being evaluated for a concussion. He could be sidelined for multiple games if he did indeed sustain a concussion.
Raptors forward Otto Porter Jr. exited Friday’s game with a left foot contusion. As Josh Lewenberg of TSN.ca observes (via Twitter), that’s the same foot that caused Porter to miss most of last season after he had surgery. This injury hopefully isn’t serious, however, as X-rays were negative, per Blake Murphy of Sportsnet.ca (Twitter link).

Dean Wade Returning After Ankle Injury

December 6th, 2023 at 7:32pm CST by Arthur Hill

Cavaliers forward Dean Wade was cleared to return tonight after missing six games with an injured ankle, tweets Chris Fedor of Cleveland.com. Wade is expected to play in a “limited capacity” off the bench.

Central Notes: Rales, Cavs, LeVert, Wade, Bogdanovic

December 2nd, 2023 at 9:23am CST by Tristan Tucker

Businessman Steven Rales is expected to become the minority owner of the Pacers, according to a statement from Pacers Sports and Entertainment chairman and owner Herb Simon (Twitter link).

“After considerable discussion, Steven is going to become a minority owner of 20 percent of the franchise pending league approval,” Simon said. “The Simon family is as committed to Indiana today as we have been since we moved here from New York in the 1960s.”

A story from The Athletic’s James Boyd provides background on Rales, a 72-year-old founder of Danaher Corporation, a life sciences organization. Rales is a DePauw University graduate and has “strong Indiana connections.”

Simon originally purchased the Pacers for $10.5MM in 1983 alongside his brother, Mel. According to Forbes estimates, the Pacers are now worth $2.9 billion, ranking 27th of 30 NBA teams. Simon will remain the controlling owner and, according to The Athletic, many believe his son Stephen will succeed him in that role in the future.

We have more from the Central Division:

The Cavaliers lost to the rebuilding Trail Blazers on Thursday, continuing a disappointing start to the season for Cleveland — the team is hovering just above .500 through 19 games at 10-9. According to Cleveland.com’s Chris Fedor, the Cavs held a lengthy team meeting after the loss. “We’ve said this since the beginning, we want to be a championship-caliber team. We’re not playing like it,” star guard Donovan Mitchell said. “This is the worst loss of the season. That’s it. Let’s go. We’ll be fine. We’ll fix it.“
The Cavaliers will be shorthanded against the Pistons when the two division rivals square off on Saturday, as guard Caris LeVert has been ruled out with a left knee injury, Fedor reports. There’s no definitive timeline for how long LeVert will be out, but he missed back-to-back games with the same injury in November, Fedor observes. Cleveland also remains without Dean Wade, who is missing his sixth straight game with an ankle injury.
The Pistons listed Bojan Bogdanovic as probable on Friday, meaning he remains on track to make his season debut against the Cavaliers on Saturday, tweets Adrian Wojnarowski. It was previously assumed that Bogdanovic would indeed play on Saturday, but the official status designation all but confirms it. Detroit didn’t win a game in November and is currently amid a 16-game losing streak.

Central Notes: Jerome, Pistons, J. Smith, Connaughton, Bulls

November 30th, 2023 at 8:00am CST by Luke Adams

Frustrated by his slow recovery from a severe right ankle sprain, Cavaliers guard Ty Jerome has adjusted his treatment plan in the hopes of accelerating his return to the court, reports Chris Fedor of Cleveland.com (subscriber link).

As Fedor details, Jerome recently had the ankle immobilized within a cast, which he’ll wear for about a week. The hope is that he’ll be able to resume individual workouts after having the cast removed.

“He is recovering,” head coach J.B. Bickerstaff said on Tuesday. “They’re doing different steps with him and trying some new things, different things in order to help him. He’s doing another treatment now and I’ll let the medical staff talk about timeline when they put all that together. He’s trying something different than just the normal rehab.”

Jerome has long been a favorite of Cavaliers president of basketball operations Koby Altman, according to Fedor. When he signed a two-year deal with the team this past summer, the plan was for him to be mentored by veteran point guard Ricky Rubio.

Instead, due to Rubio’s absence, Jerome was thrust into the backup point guard role to open the season, then suffered the ankle injury in just his second game as a Cavalier. While it hasn’t been an ideal start to his time in Cleveland, Jerome is trying to look at the bright side, telling Fedor, “Guess it’s better to be injured early rather than late.”

Here’s more from around the Central:

Following a team-record 15th consecutive loss on Wednesday, Pistons head coach Monty Williams suggested that “this group struggles with adversity,” which is one reason why the slump has only gotten worse, per Omari Sankofa II of The Detroit Free Press. James L. Edwards III of The Athletic expects lineup changes to be around the corner, with Bojan Bogdanovic likely to start when he makes his season debut — that could happen as soon as this Thursday or Saturday, says Edwards.
Pacers center Jalen Smith‘s leg injury isn’t as serious as the team initially feared, but he has been diagnosed with a left knee bone bruise and a left heel contusion and will miss at least the next two games, writes Dustin Dopirak of The Indianapolis Star. Isaiah Jackson is the leading candidate to take Smith’s spot in the rotation, while two-way player Oscar Tshiebwe is being called up from the G League to provide depth, Dopirak adds.
In an in-depth story for the Milwaukee Journal Sentinel, Jim Owczarski takes a look at the journey Pat Connaughton has taken to secure his place in the NBA as a reliable role player for the Bucks, as well as the work he has done in Milwaukee off the court.
While it’s one thing to be beaten by more talented teams, the slumping Bulls have also had more “low-effort moments” during their recent losing streak, writes Joe Cowley of The Chicago Sun-Times.

Central Rumors: Pistons, Bulls, Hield, Cavaliers

November 29th, 2023 at 2:12pm CST by Luke Adams

Veteran forward Bojan Bogdanovic is expected to be the Pistons trade candidate who generates the most interest from rival teams this season, according to Michael Scotto of HoopsHype, who hears from league sources that the club turned down two first-round picks from a contender in an offer for Bogdanovic last season.

It’s unclear what sort of protections those first-rounders might’ve had, but head coach Monty Williams “loves” Bogdanovic, per Scotto, so Detroit may set a high asking price for him again at the 2024 deadline.

Alec Burks, Monte Morris, and Killian Hayes are among the other Pistons players who figure to draw trade interest this winter, Scotto writes. League sources tell HoopsHype that Detroit had exploratory talks earlier this year with the Rockets about a trade that would have sent Burks to Houston in exchange for several second-round picks and Kevin Porter Jr. (who would’ve been waived).

Here are a few more of Scotto’s trade-related rumors and notes from around the Central:

Bulls guard Alex Caruso would be a hot commodity on the trade market if he’s available, but rival executives who spoke to Scotto say Chicago still hasn’t shown a willingness to move him. Multiple execs believe the Bulls could get a first-round pick and a rotation player for Caruso, Scotto notes.
How much might the Bulls get in exchange for Zach LaVine or DeMar DeRozan? “I think Zach LaVine can get a first back, maybe another first-round pick if it’s in this draft since it’s so weak,” one executive told Scotto. “DeMar DeRozan is worth a first in this draft in the 20s since it’s a weak draft, and he’s unrestricted at the end of the season. He can be a third scorer on a winning team.” Scotto says the Bulls are currently valuing players who could help them win immediately, rather than looking to tear down the roster and stockpile future draft picks.
Although Buddy Hield was identified in September as a potential trade candidate, the Pacers have set a high asking price for the veteran sharpshooter and don’t appear particularly eager to move him, according to Scotto. Five NBA executives who spoke to HoopsHype suggested it would take a first-round pick and a rotation player to pry Hield away from Indiana. Rival teams are also monitoring veteran Pacers guard, T.J. McConnell, Scotto adds.
Jarrett Allen and Caris LeVert had their names pop up in trade speculation last season, but the Cavaliers want to keep both players through the 2024 deadline, barring a deal that moves the club closer to title contention, per Scotto.

Players, Coaches Gripe About Tournament’s Point Differential Tiebreaker

November 29th, 2023 at 1:45pm CST by Luke Adams

As teams battled for a spot in the quarterfinals of the NBA’s first in-season tournament, point differential served as an important tiebreaker. It was used in several instances to determine the winner of a group, a conference’s wild card team, and the seeding of certain quarterfinalists.

That sort of tiebreaker is necessary in the round robin stage of an event that sees 30 teams playing just four games, since there will be many identical records and several instances in which head-to-head record won’t suffice.

However, a number of players and coaches around the NBA weren’t thrilled by the late-game situations created by the focus on point differential, as ESPN details. Knicks forward Josh Hart was one player to express dissatisfaction with the idea that his team had to try to run up the score on Tuesday vs. Charlotte in order to advance.

“It was interesting. I don’t really like it,” Hart said. “We were focused, at first, just about winning. The last couple of minutes it feels weird. At a certain point, you just start chasing points, doing all that. So it kind of messes with the integrity of the game a little bit.”

Teams like the Celtics and Cavaliers, meanwhile, kept their starters on the floor in Tuesday’s games well past the point that the outcomes had been decided in the hopes of widening their respective leads and improving their overall point differentials. Echoing Hart, both Jaylen Brown and Donovan Mitchell referred to it as “a little weird.”

“It’s tough because that’s just not how the game is supposed to be played,” Brown said.

Hawks head coach Quin Snyder, who pulled his starters with about four minutes left vs. Cleveland, said the situation wasn’t “ideal,” while Bulls head coach Billy Donovan was unhappy about Boston padding its lead by repeatedly fouling Andre Drummond in the fourth quarter to send the big man to the free throw line (he made one of six attempts).

“I also understand the situation he’s in too. He’s got to coach his team and do what’s right,” Donovan said of Celtics coach Joe Mazzulla. ”But I think it was putting Andre in a tough spot down 30 points. But this is from the league. This is what the league has done, making this point differential thing.”

Concerns about the effect the point differential tiebreaker had near the end of certain games arose last Friday as well. DeMar DeRozan was ejected late in a loss to Toronto for taking exception to the Raptors attempting to score when the shot clock was off. In that case, Toronto had already been eliminated from qualifying for the quarterfinals, but appeared to be unaware of that fact.

Assuming the in-season tournament returns in 2024/25, it will be interesting to see if the NBA tweaks its tiebreaker rules to address concerns from players and coaches, or if the league will simply count on everyone getting more accustomed to the format and learning to live with it.

Making total points allowed a tiebreaker rather than point differential would be one way to eliminate the incentive for teams to run up the score in a blowout. However, a change along those lines could result in unwanted side effects, including slowing down the pace of tournament games.

Magic Notes: Carter, Fultz, Okeke, Defense

November 29th, 2023 at 12:59pm CST by Luke Adams

Speaking to the media on Tuesday for the first time since breaking a bone in his left hand nearly four weeks ago, Magic center Wendell Carter Jr. admitted that he was frustrated at the time of the injury, knowing he would likely be facing an extended absence. However, he’s in better spirits now after having his cast removed, writes Jason Beede of The Orlando Sentinel (subscription required).

“Today was probably one of the best days of my life,” Carter said on Tuesday. “When [the doctor] was saying I didn’t have to wear the cast anymore, it was like, ‘OK, it’s another step in the right direction.’ I’m just super excited just to finally get back out there at some point and help this team continue to win.”

According to Beede, Carter expects it will be about two weeks before he gets the green light from team doctors to resume practicing in full. The former seventh overall pick has been replaced by Goga Bitadze, who has started the past 12 games in the middle for the Magic. As Beede writes, Orlando hasn’t missed a beat during that time, improving its record to 12-5, and Carter has enjoyed watching the team’s success from the sidelines.

“We’re one of those teams that can hold their own against any team in this league,” he said. “Being able to sit on the sidelines and watch the joy that everyone’s playing with, [it] just gives me extra confidence, extra motivation so when I come back I’ll be able to play with that same joy and confidence as they are.”

Here are a few more notes on the Magic:

Magic point guard Markelle Fultz will miss a 10th consecutive game on Wednesday due to left knee tendinitis. Fultz hasn’t played since November 9 and has only appeared in one game this month, but head coach Jamahl Mosley indicated on Tuesday that he’s “coming along,” per Beede (Twitter link). “We’re going to constantly see how he reacts to just what is happening each day,” Mosley said. “And he’s progressing. We’re just going to continue to evaluate as we go day-to-day with him.”
Chuma Okeke is a name to monitor as a possible trade candidate this season, according to Michael Scotto of HoopsHype, who notes that teams like the Cavaliers, Suns, Bucks, and Nuggets have expressed exploratory interest in Okeke in the past. The fourth-year forward, who will be eligible for restricted free agency in 2024, is considered a good locker room presence and a hard worker, Scotto adds.
Speaking to Marc J. Spears of Andscape, Mosley said the camaraderie and selflessness among the Magic players is one reason why he was confident about the team’s outlook coming into this season. “It’s one of the best groups I’ve been around because it is a genuine care for the next guy,” Mosley said. “… And there was a joy for whoever was successful on any given night. There was never a thing like, ‘Oh, that guy’s got it going, now I need to get mine.’ It was like, ‘Oh man, I’m so proud of you. Keep doing your thing.’ No matter who it was. And that speaks volumes for a younger group.”
Both Spears and Josh Robbins of The Athletic took a closer look at the Magic’s hot start this season. Winners of seven straight games, Orlando ranks second in the NBA with a 107.0 defensive rating. “Coach Mos, I give him credit, he came in from training camp saying he wanted to be a No. 1-caliber defensive team in the league,” Paolo Banchero said. “That is what we have been so far. Give huge credit to the coaches for instilling that in us and the players for executing it.”

Schedule For NBA Tournament Non-Qualifiers Set

November 29th, 2023 at 7:45am CST by Dana Gauruder

The NBA in-season tournament will reach the quarterfinal stage next week and the eight qualifiers and their seeds were finalized on Tuesday. The 22 teams that failed to advance had two holes in their schedules that needed to be filled.

Those matchups were determined late Tuesday evening, with each team receiving a home and away contest, NBA Communications tweets. The newly-scheduled games will take place next Wednesday (December 6) and Friday (Dec. 8).

The Cavaliers and Magic, who missed the quarterfinals despite their 3-1 tournament records, will face each other in Cleveland on Wednesday. Cleveland will then visit the Heat (2-2 tournament) on Friday.

The Nets, who also had a 3-1 tournament record, wound up with a road game against the Hawks (1-3) and home game against the Wizards (0-4)

The Sixers, who finished 2-2 in the tournament, drew a road game against the Wizards and a home game against the Hawks.

In the West, the Timberwolves were the only 3-1 tournament team that didn’t reach the quarterfinals. They’ll host the Spurs (0-4) and visit the Grizzlies (0-4).

The defending champion Nuggets will visit Los Angeles to face the Clippers (1-3), then head home to take on the Rockets (2-2). The Warriors, who were knocked out of contention by Sacramento on Tuesday, drew a home game against the Trail Blazers (1-3) and a road contest against the Thunder (1-3).

Here’s the full schedule for next Wednesday and Friday:

Wednesday, Dec. 6

Orlando at Cleveland
Memphis at Detroit
Miami at Toronto
Philadelphia at Washington
Brooklyn at Atlanta
San Antonio at Minnesota
Charlotte at Chicago
Oklahoma City at Houston
Utah at Dallas
Portland at Golden State
Denver at LA Clippers

Friday, Dec. 8

Toronto at Charlotte
Detroit at Orlando
Atlanta at Philadelphia
Washington at Brooklyn
Cleveland at Miami
Minnesota at Memphis
Golden State at Oklahoma City
Chicago at San Antonio
Houston at Denver
LA Clippers at Utah
Dallas at Portland

Two more regular season games will be added to the NBA’s schedule after the quarterfinals of the in-season tournament are complete, since the four teams that lose those matchups will require an 82nd game on their respective schedules.