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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.

Morant Claims Self-Defense In Altercation

December 12th, 2023 at 8:05pm CST by Dana Gauruder

With the 25-game suspension of Grizzlies star Ja Morant nearing its end, he found himself testifying during the first day of an immunity hearing at Shelby County Circuit Court on Monday, Baxter Holmes of ESPN reports. Morant claimed he acted in self-defense when he punched a teenager at his home in July 2022. The incident occurred during a pickup basketball game. Morant said the teen struck him with a basketball. “I hit him first — to protect myself,” Morant said.

Roster Decisions Looming For Grizzlies

December 12th, 2023 at 12:36pm CST by Luke Adams

For much of the season, the Grizzlies have been permitted to carry multiple players beyond the 15 that NBA teams are typically allowed to have on their standard rosters.

Memphis first qualified for an extra roster spot five games into Ja Morant‘s suspension, when the team was able to move him to the suspended list for the remaining 20 games of his ban, opening up a roster spot that the Grizzlies used to sign Bismack Biyombo.

[RELATED: 2023/24 NBA Roster Counts]

A series of injuries resulted in two more additional roster spots for the Grizzlies — they qualified for a pair of hardship exceptions as a result of having players sidelined due to medium- or long-term ailments.

One of those hardship exceptions expired earlier in the month, forcing Memphis to part ways with guard Shaquille Harrison, but the team is still carrying Jaylen Nowell on a hardship deal in addition to Biyombo. It’s just a matter of time though until the Grizzlies will be required to get back down to 15 players.

Let’s take a closer look at the key roster decisions facing the club…

Nowell and the hardship exception:

Nowell’s second 10-day contract with the Grizzlies runs through Wednesday, meaning he’ll be eligible to play in one more game for the team. Once it expires, Memphis could ask the NBA for another 10-day hardship exception, but it’s unclear whether such a request would be granted.

To receive a hardship exception, a team must have at least four injured players who have missed at least three consecutive games and who are expected to remain sidelined for at least two more weeks.

The Grizzlies are currently missing Steven Adams, Brandon Clarke, Marcus Smart, and Luke Kennard. Adams’ and Clarke’s injuries are long-term, with Adams expected to miss the entire season and Clarke unlikely to return until well into 2024. But Smart’s and Kennard’s returns appear much closer.

When Smart first went down with a left foot sprain, Memphis announced that he was expected to miss three-to-five weeks — that was three-and-a-half weeks ago. As for Kennard, the Grizzlies announced nine days ago that he could be back in about two or three weeks. Those recovery timelines may have changed, but if the Grizzlies are expecting either Smart or Kennard back within the next week or two, they won’t qualify for a hardship exception.

Assuming that’s the case, Memphis will have to either let Nowell walk when his 10-day contract expires tomorrow night or waive someone else in order to re-sign him.

Nowell has been playing fairly regular minutes since joining the club, but as Chris Herrington of The Daily Memphian tweets, he logged just eight minutes on Monday and didn’t play in the second half, which suggests that the Grizzlies are unlikely to move off one of their players on guaranteed contracts in order to keep him around.

Biyombo, Morant, and the suspended list:

All indications are that Morant remains on track to be activated next Tuesday ahead of the Grizzlies’ game in New Orleans, their 26th of the season. When that happens, someone will have to be waived to make room for the All-Star guard.

Biyombo, whose one-year, $5MM contract is only partially guaranteed for $1MM, is the most obvious candidate from a financial perspective, since everyone else on the roster has a fully guaranteed 2023/24 salary. But the big man has helped shore up a thin frontcourt following Adams’ season-ending surgery, and Shams Charania reported this week that Memphis would like to hang onto him.

If the Grizzlies do keep Biyombo, Kenneth Lofton Jr. seems likeliest to be waived, according to Herrington (Twitter link). The second-year forward was promoted from a two-way deal to a standard contract near the end of last season, but he hasn’t established himself as a consistent contributor this fall, averaging just 2.6 points per game on 37.8% shooting in 15 appearances (6.6 MPG). And while Lofton has two years left on his contract after this season, both are non-guaranteed.

Waiving a player on a guaranteed contract isn’t the only way the Grizzlies would be able to retain Biyombo (and/or Nowell). A trade could do the trick too, and Charania reported that Memphis has been engaged in talks with teams around the NBA. The trade market usually isn’t too active at this time of the year, but moving a minimum-salary player like Lofton wouldn’t be too complicated, and more options will open up on Friday, when several dozen players across the league become trade-eligible.

Charania’s Latest: Siakam, Bulls, Tucker, Vincent, Morant, Grizzlies

December 11th, 2023 at 11:02am CST by Arthur Hill

Rival teams believe Pascal Siakam is the most likely player to be traded if the Raptors decide to break up their core, according to Shams Charania of The Athletic.

Charania identifies the Hawks, Kings and Pacers as “expected suitors” for either Siakam or OG Anunoby. Atlanta had “intense conversations” with Toronto during the offseason about a potential Siakam deal, and Sacramento and Indiana have both reached out to the Raptors about his availability over the past year, according to Charania. However, he adds that the Kings are becoming more confident that they can develop into a contender with their current roster and may be less likely to pursue a major trade.

Both players are headed toward free agency next summer, with Siakam on a $37.9MM expiring contract and Anunoby holding a $19.9MM player option for 2024/25 that he’s virtually certain to decline. Toronto’s front office might be more aggressive about seeking a trade after losing free agent Fred VanVleet this offseason, but a rival executive tells Charania to expect “a game of chicken” from the Raptors all the way to the deadline.

Charania offers an inside look at several other teams:

The Bulls have won four straight games without Zach LaVine, but his injury setback is expected to slow down any progress toward a trade. Charania identifies the Lakers and Sixers as potential destinations, but adds that both teams are being patient while considering their options. Several teams have called about Alex Caruso, league sources tell Charania, but Chicago’s front office has no interest in moving him.
P.J. Tucker is unhappy with his current situation, and the Clippers are working with him to resolve it, either by giving him a larger role or moving him elsewhere, according to Charania. Tucker, who came to L.A. in the James Harden trade, hasn’t played since November 27 and is mainly serving as a mentor to the team’s younger players. Charania hears that multiple contenders are keeping an eye on Tucker’s potential availability.
The Lakers could have Gabe Vincent back on the court by next Monday, sources tell Charania. After signing as a free agent this summer, Vincent has been dealing with a left knee effusion that has limited him to four games.
Grizzlies guard Ja Morant “looks good” as he prepares to return from his suspension, according to Charania’s sources. Commissioner Adam Silver said over the weekend that Morant “has complied with everything he’s been asked to do.” He could be cleared to return as early as December 19 for a game at New Orleans.
The Grizzlies will have to remove someone from their roster when Morant is reinstated, and they would prefer to keep veteran center Bismack Biyombo, according to Charania. Memphis signed Biyombo to a one-year, $5MM contract after an injury sidelined Steven Adams for the season, and he has been a capable fill-in, averaging 6.1 points, 7.0 rebounds and 1.25 blocks in 15 games. Sources tell Charania that Memphis has been active in trade talks around the league involving other players on its roster.

Adam Silver To Meet With Ja Morant About Suspension

December 10th, 2023 at 9:31am CST by Arthur Hill

Commissioner Adam Silver will meet this week with Grizzlies star Ja Morant as he nears the end of his suspension, writes Joe Vardon of The Athletic.

In June, Morant was suspended for at least 25 games following a second incident of brandishing a gun in public. When he announced the suspension, Silver said he wants to assess Morant’s readiness to return before reinstating him. He indicated Saturday that the two-time All-Star is moving in the right direction.

“I have been monitoring this situation closely,” Silver told reporters before the in-season tournament finale in Las Vegas. “We together laid out a program for him over the last several weeks, and to the best of my knowledge, he’s complied with everything he’s been asked to do.”

Memphis has gotten off to a rough start without its best player, languishing toward the bottom of the Western Conference standings at 6-15. If Morant’s suspension is limited to 25 games, he will be eligible to return for a December 19 contest at New Orleans.

The two-time All-Star was suspended for eight games last season after an online video clip showed him waving a gun in a nightclub near Denver. A second video was later posted of Morant holding a gun and dancing while riding in a vehicle with friends, leading to his second suspension.

“We’re going to talk directly once, at least this week, before he comes back,” Silver said, “(and) I think we’ll review the program and just make sure the conditions are in place for him to be successful going forward.”

The commissioner addressed several other topics in his press conference:

Silver clarified comments on load management made before the start of the season by NBA executive vice president Joe Dumars, Vardon states. Explaining the league’s new player participation policy, Dumars indicated there’s no data showing that load management is effective. Silver said resting players can lead to better performances, but there’s no hard evidence that it prevents injuries. “The question is, I think the ultimate notion behind load management isn’t so much that there isn’t a fall for performance when you’re tired and fatigued,” Silver explained. “The question is does it lead to more injuries and especially the way load management is now used?”
Silver said he was “surprised” that Tamika Tremaglio stepped down as executive director of the NBPA after a new Collective Bargaining Agreement was reached this summer, according to Vardon. “As far as I can tell from the outside, it’s been a very smooth transition there to Andre Iguodala as I guess the interim executive director,” Silver said. “Nothing has changed in terms of our day-to-day relations with them, and I have no other knowledge about why either the players association or Tamika decided to, you know, change the relationship.”
Colorful courts will remain part of future in-season tournaments, Vardon adds in a separate story. Silver called himself “a big advocate” of the courts, saying they’re an indication that the game is something special. Silver also hinted that specially designed courts could be used in the NBA Finals. Other aspects of the tournament will be reviewed, particularly using point differential as the primary tie-breaker, the commissioner stated.

Lofton Sheds Weight, Hopes For Bigger Role

December 9th, 2023 at 9:52am CST by Dana Gauruder

Kenneth Lofton Jr. has shed 20 pounds in the past three weeks, he told Damichael Cole of the Memphis Commercial Appeal. Lofton has played sparingly for the Grizzlies this season despite frontcourt injuries. He’s hoping his improved conditioning will lead to a bigger role. “My mental has been good,” he said. “I’m just pretty much waiting on my time, working off the court and getting better at my strengths. Really just focusing on myself.” He needs to show more, as his $2.02MM salary for next season is not guaranteed.

Vince Williams Jr. Earns Playing Time With Defense

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

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.”

Jaylen Nowell Signs Second 10-Day Deal With Grizzlies

December 4th, 2023 at 11:51am CST by Alex Kirschenbaum

DECEMBER 4: Nowell’s second 10-day contract is official, the Grizzlies announced today in a press release.

DECEMBER 3: Guard Jaylen Nowell is signing another 10-day deal with the ailing Grizzlies, sources tell Adrian Wojnarowski of ESPN (Twitter link).

Memphis was granted another hardship exception to re-sign Nowell on this short-term contract, Woj notes.

Across his five contests with the club, the 6’4″ shooting guard has been averaging 6.2 PPG, 2.4 RPG and 1.4 APG. He’s logging 18.8 MPG off the bench for an injury-plagued Memphis team.

Damichael Cole of The Memphis Commercial Appeal tweets that combo guard Shaquille Harrison, another 10-day hardship signing, is most likely done in Memphis, at least for now.

Seven Grizzlies are currently sidelined with long-term ailments. Nowell has helped make up for the absences of wings Luke Kennard, Ziaire Williams and Marcus Smart. Point guards Ja Morant and Derrick Rose are also on the shelf. Morant is healthy, but remains suspended for the next six contests.

At a lowly 5-14, Memphis is suffering from all these absences. The team is currently the No. 14 seed in a deep Western Conference.

Luke Kennard Set To Rejoin Grizzlies In 2-3 Weeks

December 3rd, 2023 at 2:43pm CST by Alex Kirschenbaum

Grizzlies shooting guard Luke Kennard, who has been sidelined since November 14 with a left knee bone bruise, is progressing toward a return to the 5-14 club.

Memphis has revealed (Twitter link) that the team expects the 6’5″ wing back in the lineup within the next two or three weeks.

Across his eight available games, the 27-year-old has averaged 8.3 points per night on .362/.370/1.000 shooting to go along with 2.9 rebounds and 2.0 assists. The veteran Duke product is averaging 21.5 minutes per game off Memphis’ bench.

Kennard’s floor-spacing acumen would be a welcome boon to the Grizzlies’ depleted offensive attack. He’s a career 43.5% three-point shooter on an impressive 4.4 attempts per game. His 37% conversion rate this season arrives on a robust 5.8 three-point tries per contest.

Memphis needs all the available bodies it can get. Seven other Grizzlies are currently unavailable, including the suspended Ja Morant. The club has leaned on hardship exception signings for help. Earlier today, word broke that Memphis would be signing guard Jaylen Nowell to a second 10-day contract.

Davon Reed To Join Grizzlies’ G League Affiliate

December 2nd, 2023 at 2:23pm CST by Rory Maher

Free agent guard/forward Davon Reed is signing an NBA G League contract to play with the Memphis Hustle, the Grizzlies‘ affiliate, sources tell Michael Scotto of HoopsHype (Twitter link).

The 32nd overall pick of the 2017 draft, Reed spent his first two seasons with the Suns and Pacers before spending time in the NBAGL and playing professionally in Taiwan. He returned to the NBA in 2021/22 with the Nuggets and re-signed with Denver as a free agent last summer.

Reed was traded to the Lakers in February in a multi-team deal that sent Thomas Bryant to the Nuggets. The 28-year-old wing was waived by Los Angeles on the last day of the regular season to create roster space.

Reed, who averaged 3.3 points and 1.8 rebounds per game while shooting 40.9% from deep over the past two seasons (91 games, 11.1 minutes), signed with Ukrainian team Prometey BC as an unrestricted free agent this summer.

His stint with Prometey — which is currently in the EuroCup tournament and competes in the Estonian-Latvian Basketball League due to the ongoing war in Ukraine — was short-lived, however, as he’ll reportedly be returning stateside in an effort to make it back to the NBA.

It’s worth noting that Reed holds four seasons of NBA experience and is thus ineligible for a two-way contract. In order to return to the league, he’ll have to be offered a standard deal.

It’s possible Reed could be competing for a chance at a 10-day contract with Memphis — the Grizzlies currently have guards Shaquille Harrison and Jaylen Nowell on 10-day deals after qualifying for a couple extra roster spots via the hardship provision. Those contracts expire on December 3.