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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.

Bayno Resigns Due To Mental Health Issues

February 8th, 2021 at 9:50pm CST by Dana Gauruder

Pacers assistant coach Bill Bayno has resigned due to mental health issues, ESPN’s Adrian Wojnarowski tweets. Bayno, 58, took a leave of absence two weeks ago. Both of his parents recently passed away and he needed to step away from the pressures and workload of the NBA grind amid the pandemic, Wojnarowski adds. He could return to coaching at some point. The team confirmed his resignation in a press release.

“I appreciate the impact Coach Bayno has had on our players and the Pacers organization over the last five years,” head coach Nate Bjorkgren said. “All of us at the Pacers wish him the very best as he transitions to his next chapter.”

Caris LeVert is attending Pacers practices two weeks after undergoing surgery for kidney cancer, according to Scott Agness of Fieldhouse Files. “He’s obviously in all of our film sessions and our team meetings,” coach Nate Bjorkgren said. “He’s getting there, he’s walking around and that’s a good start.” Acquired in the four-team blockbuster deal that sent James Harden to Brooklyn, LeVert is out indefinitely.

Myles Turner Wants To Win DPOY Award

February 3rd, 2021 at 2:43pm CST by Luke Adams

In a conversation with Eric Woodyard of ESPN, Pacers center Myles Turner discusses playing through a hand fracture, as well as his desire to win the NBA’s Defensive Player of the Year award. Indiana’s defensive anchor currently leads the league with an eye-popping 3.9 blocks per game.

Pacers Assign Lecque To Fort Wayne; Transfer Bowen II, Stanley

January 29th, 2021 at 2:28pm CST by JD Shaw

The Pacers have assigned guard Jalen Lecque to their G League affiliate in Fort Wayne, the team announced in a press release. Indiana also transferred two-way players Brian Bowen II and Cassius Stanley. The G League bubble is set to tip-off on February 10.

Central Notes: Sabonis, Nance Jr., Bucks, Bickerstaff

January 26th, 2021 at 4:03pm CST by JD Shaw

An MRI on Pacers star Domantas Sabonis revealed a bruise on his injured knee with no structural damage, according to ESPN’s Adrian Wojnarowski (Twitter link).

Sabonis, who suffered the injury by banging knees with a player against Toronto on Monday, is expected to be listed as day-to-day, Wojnarowski reports.

In 17 games this season, Sabonis, a 2020 All-Star, is averaging a career-high 20.4 points, 12.4 rebounds and 5.6 assists per contest. The Pacers also released a positive update on Caris LeVert on Tuesday and recently welcomed back Jeremy Lamb, who suffered a torn ACL roughly one year ago.

There’s more from the Central Division today:

Cavaliers forward Larry Nance Jr. missed Monday’s contest against the Lakers due to a right wrist sprain, per a team release. The injury occurred on Sunday against the Celtics. Nance is enjoying a respectable season to date, averaging 10.5 points and 2.3 steals per contest.
Despite slightly changing their approach, the Bucks are still one of the league’s top offensive teams — even as Giannis Antetokounmpo‘s numbers have dipped a little, Eric Nehm of The Athletic writes. Milwaukee currently leads the NBA in offensive efficiency with 117.9 points per 100 possessions. “It’s weird, it’s weird, but as I said, I’m figuring it out,” Antetokounmpo said. “I’d love to come out and have 30, 35 and it be easy. Easy layups and dunks and all that. But having somebody in ‘the dunker’ might make it a little bit harder. But at the end of the day, you gotta do other things to impact the game. Find your teammates. Set better screens. Go for handoffs. Roll when you set screens. You just gotta find ways.”
Cavaliers head coach J.B. Bickerstaff believes his team doesn’t receive enough respect, Chris Fedor of Cleveland.com writes. The Cavs fought hard against the defending champion Lakers on Monday, ultimately losing the game 115-108. Bickerstaff didn’t seem too pleased with the officiating, however, giving a blunt assessment after the contest. “I think it was some momentum-changing calls that were made or weren’t made,” he said. “I think our guys showed up and gave the effort to deserve the respect that both teams should garner. Tonight, I don’t think that was the case. The Lakers are a hell of a basketball team, don’t get me wrong. They deserve everything they have coming. But our guys scrap and play hard and deserve the same. Were there plays that we made down the stretch where we could have made better decisions? Sure. But it’s hard to overcome the champs plus.”

Full Recovery Expected For Caris LeVert

January 26th, 2021 at 1:05pm CST by Arthur Hill

Caris LeVert had surgery Monday to treat renal cell carcinoma of his left kidney and is expected to make a full recovery, the Pacers announced. LeVert remains out indefinitely, but no further treatment will be needed.

A mass was discovered on LeVert’s kidney earlier this month as part of a routine physical required for the trade that sent him to Indiana. The Pacers had the option to void the deal, but elected to go through with it in the belief that the talented guard would eventually return to action.

Pacers president of basketball operations Kevin Pritchard expressed hope that LeVert might be able to play this season.

The opportunity to acquire the 26-year-old motivated the Pacers to get involved in the James Harden trade completed earlier this month. LeVert averaged 18.5 points, 4.3 rebounds and 6.0 assists in 12 games with the Nets before being moved.

Gordon Hayward Talks Foot Surgery, Free Agency, More

January 22nd, 2021 at 10:24am CST by Luke Adams

Between the end of the 2019/20 season and the start of his free agency, veteran forward Gordon Hayward underwent a minor surgical procedure on his left foot, he revealed to Sam Amick of The Athletic.

Known as “Morton’s neuroma” surgery, the procedure addressed the left foot discomfort that Hayward played through last season and required about four weeks for the incision to heal, according to Amick, who notes that the Hornets were well aware of when they made their four-year, $120MM offer to Hayward and were comfortable with his medical status.

In an extensive conversation with Amick, Hayward also spoke more about his free agency process, his time as a Celtic, and a handful of other topics. Here are a few highlights from the conversation, which is worth checking out in full if you’re an Athletic subscriber:

On the teams that were in the mix to sign him in free agency:

“Atlanta was a team that I was really interested in. … New York was in the mix — the Knicks. Indiana was another team that was really interested, and we had mutual interest for a while. Boston was — like, let’s not forget about Boston. I really wanted to go back to Boston too. There were just a lot of options, and a lot of potential teams that I could go to, but I’d say those were the main ones. Atlanta, New York, Boston, Indiana, and then Charlotte obviously.”

On why he ultimately chose the Hornets:

“I talked to a lot of people about Charlotte, and have talked to a lot of former players, teammates, about Charlotte. And nobody has ever said a bad thing about Charlotte as a city. Everyone loves it in Charlotte.

“… I think the opportunity to go somewhere, get a fresh start, be in a position to try to maximize my potential as a basketball player, I think, going somewhere where I’d have the ability to try and help a franchise get to that next level, it grew on me more and more after talking to the coaching staff, talking to the front office, obviously talking with my agent and my wife and family. That challenge kind of resonated with me. Talking with (Hornets) coach (James) Borrego, and more and more it was like, ‘Man, this is something I think I really want to do,’ so we just went with it.”

On how he’ll look back on his three years with the Celtics:

“Obviously it was disappointing with how everything played out there. A lot of it is just not under my control. I would have never imagined myself getting injured my very first year there and missing the whole year, having a serious injury. That’s obviously very disappointing. Last year, I feel like I played really well, and I feel like our team was in a really good position and I get injured again — like, a fluke injury — the first game of the playoffs. I honestly shouldn’t have come back and played, but tried to play through it and wasn’t able to be myself, so I don’t think we had our full team there at the end.

“… I have no regrets about anything that happened in Boston, and I really appreciate all the fan support — for supporting me through a wild ride of ups and downs.”

Myles Turner Prepared To Play Through Discomfort

January 22nd, 2021 at 8:30am CST by Luke Adams

After suffering an avulsion fracture in his right hand last Thursday, Myles Turner has missed the Pacers‘ last two games, but he could be back in the lineup as early as Friday. As J. Michael of The Indianapolis Star writes, Turner’s return will come down to how much pain and discomfort he can play through. “There’s really not much you can do for it to heal,” Turner said on Thursday. “No surgery. No time off. It’s just one of those things you’ve got to get used to.”

LeVert Alerted Trade Was Possible In August

January 20th, 2021 at 9:21pm CST by Alex Kirschenbaum

Nets-turned-Pacers wing Caris LeVert was notified by Brooklyn GM Sean Marks during their 2020 offseason that he might be traded in 2020/21, according to J Michael of the Indianapolis Star. “Sean was very honest with me from the first time the rumors came out. He told me don’t rule it out,” LeVert said. “I didn’t know it was going to happen. I just knew that it was a possibility and there was a lot of speculation.”

Jeremy Lamb Cleared For First Game Action Since February

January 20th, 2021 at 5:15pm CST by Alex Kirschenbaum

Pacers team doctors have green-lit wing Jeremy Lamb to return to game action for the first time this season, per Scott Agness of Fieldhouse Files (Twitter link). Head coach Nate Bjorkgren would not divulge whether or not Lamb will play in tonight’s contest against the Mavericks, Agness adds.

Whenever Lamb does come back for Indiana, it will mark his first on-court appearance since tearing his left ACL on February 23, 2020 in a 127-81 loss to the Raptors. The 6’5″ swingman, 28, is in the second season of a three-year, $31.5MM contract he signed with the Pacers in 2019.

Across 46 games with Indiana (including 42 starts) of a possible 90 contests (including the 2020 postseason), he averaged 12.5 PPG, 4.3 RPG, 2.1 APG, and 1.2 SPG. He posted a promising slash line of .451/.335/.836.

With starting small forward T.J. Warren and new addition Caris LeVert sidelined indefinitely, Lamb’s return will provide the Pacers with a much-needed offensive boost on the perimeter.