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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.

No Changes To Curry's Minutes; Wiseman Nearing Return?

February 10th, 2021 at 9:07am CST by Luke Adams

Following the Warriors‘ loss to the Spurs on Monday night, head coach Steve Kerr said he wouldn’t be changing his approach to Stephen Curry‘s playing time, as Nick Friedell of ESPN writes. Curry, who scored 32 points on Monday and was a plus-three in a game Golden State lost by five points, has been limited to about 34 minutes per game this season in his return from a broken hand.

“I’m into the long game,” Kerr said after Monday’s loss. “We’re counting on having Steph here a long time, many years ahead. … For me, for (the Warriors’) organization, we’re not throwing Steph out there for 40 minutes to chase wins. We got another game (Tuesday). We want Steph to be playing at a high level for many years, so we’re going to stay very disciplined and try to keep him at that 34-, 35-minute mark.”

In the second game of the Warriors’ back-to-back set in San Antonio on Tuesday night, keeping Curry’s playing time in check wasn’t a problem. The former MVP scored 32 points in just 32 minutes en route to a comfortable 114-91 victory.

While injured Warriors rookie James Wiseman will be formally re-evaluated on Thursday, Kerr was talking on Tuesday night as if the team expects the young center to return from his wrist injury soon, tweets Anthony Slater of The Athletic.

Warriors Notes: Wiseman, Curry, Thompson, Roster

February 8th, 2021 at 7:31pm CST by Dana Gauruder

James Wiseman will be reevaluated once the Warriors return home from their road trip, Anthony Slater of The Athletic tweets. The No. 2 overall pick in the draft is recovering from a wrist injury suffered January 30 against Detroit. Coach Steve Kerr said the rookie center is progressing well from the left wrist sprain. The Warriors’ next home game is Thursday against Orlando.

We have more on the Warriors:

While the odds are starting to drop, Stephen Curry is a value play for bettors wagering on the Most Valuable Player award, according to Ethan Strauss of The Athletic. Curry currently has the sixth-best odds, but is posting offensive numbers on par with – or better than – any season in his career except for his brilliant 2015/16 campaign, Strauss adds. Curry is averaging 29.4 PPG and 6.1 APG after his 57-point explosion against Dallas over the weekend.
Klay Thompson has shed the walking boot as he continues to recover from a right Achilles tendon tear, Slater notes in another tweet. “Getting the boot off is a milestone,” Kerr said. “I’m not sure what’s next.” Thompson suffered the injury in November.
If the Warriors want to bring in a free agent big man due to their frontcourt injuries, a wrinkle in the COVID-19 protocols could make that happen quickly, Marcus White of NBC Sports Bay Area relays. According to TrueHoop’s Tom Haberstroh, free agents who have tested positive for COVID-19 within the last 90 days (and are now negative) only require a two-day quarantine.

Warriors Send Alen Smailagić To Santa Cruz

February 7th, 2021 at 3:21pm CST by Alex Kirschenbaum

The Warriors are sending second-year big man Alen Smailagić to join their G League affiliate, the Santa Cruz Warriors, for the Orlando NBAGL “bubble” campus season, according to a team press release. Across 14 games, the 6’10” Smailagić averaged 4.2 PPG and 1.9 RPG in 9.9 MPG during his rookie season in 2019/20. He has yet to play for Golden State this year, having undergone knee surgery last month.

Warriors Notes: Oubre, Green, Wiseman, Thompson

February 5th, 2021 at 10:53am CST by Arthur Hill

The Warriors‘ faith in Kelly Oubre throughout his early-season struggles paid off in a big way Thursday night, writes Nick Friedell of ESPN. Oubre posted a career-high 40 points in a win at Dallas after shooting just 37.6% from the field coming into the game.

“Obviously for Kelly, it’s been a rough first quarter of the season,” coach Steve Kerr said. “And yet within that span, he’s had some excellent games for us. He’s played very well at times; he’s just had some really poor shooting nights during that span that people have locked in on, but Kelly’s getting more comfortable. Guys in the locker room love him and want to help him continue to get comfortable, and this was obviously a great night for him and for the whole group.”

Golden State traded for Oubre to provide another reliable wing scoring option with Klay Thompson lost for the season due to a torn Achilles. Oubre averaged a career-best 18.7 PPG last season with the Suns, but his shot hasn’t been falling consistently since the deal. He had made just 24 3-pointers all season before sinking seven last night.

“It’s honestly been a great learning experience for me,” Oubre said. “I take it back to me being a freshman in college again because it was more of a psychological change. I had the tools to take it to the next step, but mentally I had to slow myself and wrap everything (together) and find my flow.”

There’s more on the Warriors:

Thursday’s game also showed what Draymond Green is capable of doing in a small-ball lineup, Friedell adds in the same story. With centers James Wiseman, Kevon Looney and Marquese Chriss all sidelined by injuries, Green dished out 15 assists while playing a point-center role. “Draymond’s one of the best defenders in the game, and also one of the best playmakers,” said teammate Damion Lee. “He’s always looking to find guys, to get guys shots.”
Stephen Curry believes watching the offense last night should be an educational experience for Wiseman, who is expected to return in a week or so, writes Anthony Slater of The Athletic. “It’ll be good, I’m sure, for Wise to see how that ball was moving (tonight and this week) and that he can play that way as well and still dominate the game the way he’s capable of with his size and presence at the rim,” Curry said.
Even though Thompson hasn’t played since the 2019 NBA Finals, he ranks 10th in the Western Conference backcourt in the first round of All-Star voting, notes Alex Shultz of SFGate.

Exploring Making Of Juan Toscano-Anderson

February 4th, 2021 at 3:38pm CST by JD Shaw

Marcus Thompson II of The Athletic looks at the making of Warriors swingman Juan Toscano-Anderson. Toscano-Anderson is in his second season with Golden State, with the 27-year-old adding 16 points off the bench in Tuesday’s loss against Boston. “He has an appreciation for the grind that it’s taken for him to get to this level,” teammate Stephen Curry said. “He has a spirit of representing Oakland. Playing for the hometown team for him has got to be such a dope experience. But when it comes to getting on the floor, he plays hard. He’s a smart basketball player. He’s reliable in that sense. He’s worked for everything he’s gotten, for every opportunity. … He hasn’t taken his foot off the gas pedal.”

Steph's All-Star Window Key Factor In Potential Beal Deal

February 3rd, 2021 at 9:32pm CST by Alex Kirschenbaum

The Warriors could provide an appealing trade package in a hypothetical deal with the Wizards for Bradley Beal. In a deal that would probably have to include both 2020 lottery pick James Wiseman and the Timberwolves’ top-3 protected 2021 draft selection, the Warriors would be perhaps sacrificing their future for their present. The big question, were a trade to happen, is how long Golden State star guard Stephen Curry can remain a core part of a title club, according to Anthony Slater of The Athletic.

Warriors’ Looney Out At Least Two Weeks With Ankle Sprain

February 3rd, 2021 at 5:33pm CST by Luke Adams

5:33pm: Looney will be sidelined for the next two weeks before being reassessed, per a tweet from the club’s PR department.

8:08am: The Warriors lost another center during Tuesday’s loss to Boston, as Kevon Looney exited after spraining his left ankle during the first half. As Nick Friedell of ESPN writes, Looney underwent an MRI after the game that confirmed the sprain, and head coach Steve Kerr said he expects the starting center to miss multiple games.

“I don’t expect him to play the next couple of games,” Kerr said. “It was a significant enough sprain where it looks like he’ll be out for a little bit.”

Typically, having to get by without Looney for a few games wouldn’t be a major problem for the Warriors, but the injury comes at a time when the team is already significantly shorthanded at the five. Marquese Chriss will miss most or all of the season with a broken leg, Alen Smailagic is recovering from knee surgery, and rookie James Wiseman is expected to be sidelined for at least a week due to a sprained wrist.

According to Friedell, Kerr said after the game that Eric Paschall and Juan Toscano-Anderson will take on bigger roles up front, with Draymond Green spending more time at center as well. That will be a small frontcourt — Golden State has no healthy players taller than 6’7″, so rebounding could be an issue in the short term, as it was on Tuesday when the Celtics out-rebounded the Warriors 51-36.

Signing a free agent to help plug the hole at center is one option the Warriors may consider, but as Anthony Slater of The Athletic notes, any new addition would have to return negative coronavirus tests for six consecutive days before being cleared. By that time, Looney and/or Wiseman could be getting close to a return.

Golden State also doesn’t currently have an open roster spot, so signing someone new would require waiving someone — possibly Mychal Mulder, who has a non-guaranteed contract.

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.

Windhorst’s Latest: Tucker, House, Shumpert, Oubre, Ball, Butler, Lowry

February 1st, 2021 at 9:01pm CST by Dana Gauruder

The Rockets are seeking a first-round pick or three second-rounders for P.J. Tucker, ESPN’s Brian Windhorst said on his latest Hoop Collective podcast. Houston was unable to reach an extension agreement with Tucker prior to the season and he has been the subject of trade rumors. He’s making a reasonable $8MM this season and will be an unrestricted free agent this summer.

The Rockets’ desire to accumulate multiple second-rounders for Tucker has previously been reported but Windhorst indicates they’d want a first-rounder as an alternative. Houston already has a stockpile of first-rounders from the James Harden blockbuster.

Windhorst also divulged a number of other tidbits during his podcast:

Speaking of the Rockets, forward Danuel House has attracted some trade interest around the league. House is signed through next season but he has a team-friendly contract — $3.72MM this season and $3.89MM next season.
Iman Shumpert’s new contract with the Nets is non-guaranteed. Brooklyn filled a roster spot by signing the veteran guard over the weekend.
There are rumors circulating about a potential Warriors–Pelicans trade involving Kelly Oubre and Lonzo Ball. The Bulls, who continue to look for a long-term solution at point guard, might also be interested in Ball, who will have a qualifying offer in excess of $14MM this offseason.
Heat star wing Jimmy Butler lost more than 10 pounds during his recent bout with COVID-19, something that Ethan J. Skolnick also noted last week on the Five on the Floor podcast (hat tip to Radio.com).
The Raptors could be in the market for a player who could jolt their offense. If Toronto doesn’t turn things around, the team might consider offers for Kyle Lowry, who could become an “interesting” rental for a contender. Lowry is headed to unrestricted free agency but his $30.5MM contract would complicate the process of moving him.