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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.

Heat Notes: Adebayo, Lowry, Robinson, Hampton, Jovic

December 12th, 2023 at 2:46pm CST by Luke Adams

There’s still no timetable for the return of big man Bam Adebayo, who missed a fourth straight game on Monday due to a left hip contusion, per Heat head coach Erik Spoelstra (Twitter link via Anthony Chiang of The Miami Herald). Adebayo traveled with the team to Charlotte for Monday’s game, but Spoelstra said that didn’t necessarily mean he was close to playing.

“I wouldn’t read too much into it of him being on this trip other than he really wanted to be here and he can do his work,” Spoelstra said.

As good as Adebayo has been this season, the Heat have held their own without him in the lineup. The team has a net rating of minus-1.7 in the 537 minutes Adebayo has played in 2023/24, compared to a plus-4.7 mark in the 567 minutes he hasn’t been on the court.

Here’s more on the Heat:

Using Kyle Lowry‘s expiring $29.7MM contract as part of an in-season trade to acquire a player – or players – under contract beyond this season is certainly a possibility, but the Heat will have to be careful about the salary they add to next year’s books, according to Barry Jackson of The Miami Herald, who says the team doesn’t seem inclined to surpass the second tax apron in 2024/25. Jackson takes a look at some of the other factors Miami must consider as it weighs trade scenarios and looks ahead to the future.
After a down year in 2022/23, Duncan Robinson has been a key part of the Heat’s rotation in 2023/24, averaging a career-high 14.8 points per game and increasing his shooting line to .478/.426/.833 through 21 games (13 starts). Robinson spoke to Anthony Chiang of The Miami Herald about his motivation to bounce back this fall and to silence questions about his work ethic.
Heat two-way player R.J. Hampton says his recovery from a knee sprain was a “long process” but that he feels as if he’s 100% healthy now, Chiang writes for The Miami Herald. Although Hampton didn’t end up playing at all on Monday vs. Charlotte, Spoelstra said he was ready to go if needed.
Second-year forward Nikola Jovic is on his second G League assignment of the season, as Chiang notes in the same Herald story. Jovic suited up for the Sioux Falls Skyforce this afternoon and the plan is for him to remain with Miami’s NBAGL affiliate through Friday’s game vs. Windy City before rejoining the Heat.

Heat Notes: O. Robinson, Adebayo, Richardson, Jaquez

December 11th, 2023 at 10:00am CST by Arthur Hill

Heat center Orlando Robinson didn’t expect to be an NBA starter so soon, but he’s taking advantage of the opportunity created by Bam Adebayo‘s injury, writes Anthony Chiang of The Miami Herald. Adebayo will miss his fourth straight game tonight in Charlotte with a left hip contusion, so Robinson will likely be in the starting lineup again.

The 23-year-old posted the best game of his brief NBA career last Wednesday with 15 points and 12 rebounds at Toronto, but that was followed by a rough outing against Cleveland on Friday in which he was a minus-18 in 20 minutes. Coach Erik Spoelstra said Robinson continues to improve as he deals with the increased responsibility.

“He makes you absolutely respect his fortitude and his grit,” Spoelstra said. “He is relentless with his work, with his approach, with his commitment to earn trust from everybody and he does it with a competitive spirit. He gets better each month. He goes to school on everything. If he makes a mistake in any kind of game, he gets to work with the film, with [Heat assistant coach] Malik [Allen] and then he wants to drill it 10,000 times, which is what we love.”

Robinson, who has $850K of his $1.8MM salary for this season already guaranteed, wasn’t in the team’s rotation when the season began. He played in just four of the first 18 games and spent time in the G League late last month. Robinson may fall out of the rotation again when Adebayo returns, with Kevin Love likely to be the primary backup center, but this latest stretch confirms his belief that he’s a legitimate NBA player.

“I knew,” Robinson said. “It was just waiting on the opportunity and making the most of it.”

There’s more on the Heat:

Josh Richardson expressed frustration after being called for his third flopping violation of the season in Friday’s game, Chiang adds in a separate story. The NBA has placed a renewed emphasis on getting rid of flopping, fining players $2K for each violation, but Richardson doesn’t believe officials are doing a good job of policing it. “I don’t know what it is,” he said. “Maybe I just need to start running people over and stop falling or do something. But I don’t know, I think it’s terrible.”
Jaime Jaquez isn’t bitter about falling to 18th in this year’s draft, but he tells Ira Winderman of The Sun-Sentinel that he’s “definitely aware” of all the players who were selected ahead of him. Jaquez, who was chosen as the league’s Rookie of the Month for November, said the long wait paid off when he learned that he was headed to Miami. “So as long as I came here, I was good,” he said. “So it ended up working out for me. To the teams that passed, sorry, but this is where I wanted to go, anyway.”
The Lakers’ in-season tournament dominance could make the Heat think about adding more size to their roster, Winderman states in a mailbag column.

Adebayo To Miss Fourth Straight Game

December 10th, 2023 at 5:21pm CST by Dana Gauruder

Heat center Bam Adebayo will miss his fourth straight game due to a left hip contusion, according to Anthony Chiang of the Miami Herald. With Adebayo sidelined, Orlando Robinson recorded the first double-double of his career against Toronto on Wednesday. Robinson had a rough outing against Cleveland on Friday with a plus/minus of -18 in 20 minutes. His $1.8MM salary doesn’t fully guarantee until Jan. 10.
Jaime Jaquez played four years of college ball and he’s boosted the Heat immediately, averaging 12.2 points (on 52.2% shooting), 3.6 rebounds and 2.5 assists per game. The 18th overall pick of the June draft is proving that experienced college players can bring more to the table than a one-and-done, Ira Winderman of the South Florida Sun Sentinel notes. “I think the fact that he played four years of college, for sure, was viewed as a negative thing and that’s a shame right now because he was a winning player,” coach Erik Spoelstra said.

Heat Don't Want To Use Injuries As Excuse

December 10th, 2023 at 1:05pm CST by Arthur Hill

Injuries have also been an issue for the Heat, who were missing three starters in Friday’s loss to Cleveland, notes Anthony Chiang of The Miami Herald. Miami has dropped five of its last seven games, but Caleb Martin doesn’t believe being short-handed should be used as an excuse. “It doesn’t matter who’s out there and who’s playing, who’s not,” Martin said. “We know what we should be doing, we just got to be better.”

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.

Heat Notes: Lowry, O. Robinson, Martin, Hampton

December 7th, 2023 at 11:45am CST by Arthur Hill

Kyle Lowry finished last season as a reserve and spent the summer hearing rumors that Damian Lillard was coming to Miami, but he’s back as the Heat’s starting point guard and still playing at a high level, writes Eric Koreen of The Athletic. Lowry’s expiring $29.7MM contract has kept him in trade rumors, but wherever he winds up, he wants a consistent on-court role.

“I want to be able to play,” Lowry said. “The one thing about me is I’m a competitor. I might not be able to play 45 minutes a night. If I have an opportunity to play basketball and I can play, I want to be able to help. Being a mentor is something I do every day, and I’ve been doing it every day for a long time in my career. That’s something I (need) to do. It’s something I’ve been doing.”

With Lowry set to turn 38 in March, Koreen suggests he may be one of the few NBA players ever to remain productive at age 40. A wave of injuries to teammates has resulted in Lowry playing the most minutes of anyone on Miami’s roster so far, Koreen adds, but coach Erik Spoelstra is being careful not to overextend him. Lowry is a valuable part of the offense — shooting 43.6% from three-point range and sporting an assist-to-turnover ratio of about 4-to-1 — and the Heat will need him fresh and healthy for the playoffs.

“It’s a symbiotic relationship,” Spoelstra said. “But we need that Hall of Fame point guard play from him to really unlock some of the things we’re trying to do.”

There’s more on the Heat:

Spoelstra used his 14th different starting lineup in 21 games, with a combination of Lowry, Duncan Robinson, Jimmy Butler, Caleb Martin and Orlando Robinson that had only shared the court for 10 combined minutes prior to Wednesday, according to Anthony Chiang of The Miami Herald. With Bam Adebayo sidelined by a hip contusion, Orlando Robinson made his second consecutive start at center and delivered the first double-double of his career with 15 points and 12 rebounds. “He gets better each month and you saw that tonight,” Spoelstra said. “He had a lot of big plays. The rebounding down the stretch, his defensive detail work was really good.”
Martin appears fully recovered from the left knee tendinosis that caused him to miss 10 games early in the season, Chiang adds. He has averaged 18.4 points, 5.4 rebounds and 2.6 assists over his last five games and is looking more like the player who had an important role in Miami’s run to the NBA Finals.
R.J. Hampton is close to returning from the sprained knee he suffered in late October, per Ira Winderman of The Sun Sentinel. Spoelstra said the Heat are eager to continue the development process with Hampton, who may be assigned to the G League once he’s cleared to resume playing.

Raptors Notes: Lowry, Anunoby, Temple, Gay Trade

December 6th, 2023 at 3:58pm CST by Luke Adams

Returning to Toronto on Wednesday to face his old team, Heat point guard Kyle Lowry said he still calls the city home and that his plans to eventually retire as a member of the Raptors haven’t changed, according to Anthony Chiang of The Miami Herald.

“I’m definitely retiring as a Raptor,” Lowry said. “That’s something I’ve said since I left here. I will sign that one-day contract and I will retire as a Toronto Raptor.”

Lowry’s three-year contract with Miami will expire at the end of the 2023/24 season, but he doesn’t envision that being the end of the line for his playing career. The 37-year-old told reporters that he hopes to play at least one more season after this one and that he doesn’t want to just sit on a contender’s bench in the hopes of chasing a ring.

“I want to play. I definitely want to play,” he said. “I think I still play at a high enough level that I can contribute to a team at a high level. That’s the biggest thing for me is being able to stay healthy and I’m still motivated to play. I still love this game. This game has given me so much and I still feel like I can still help the team. That’s what I want to do is be able to play.”

Here’s more on the Raptors ahead of Wednesday’s meeting with the second-leading scorer in franchise history:

Ahead of OG Anunoby‘s potential 2024 free agency, Blake Murphy of Sportsnet.ca considers whether the three-and-D wing has untapped potential on the offensive end and how that might affect his next contract. Anunoby’s role on offense hasn’t changed much under new head coach Darko Rajakovic — his usage rate (19.1%) is right in line with where it’s been the past three seasons.
The intensity of the Raptors’ “play group” pick-up games – scrimmages which feature the players who aren’t regular rotation fixtures, along with some player development coaches – is a point of pride for veteran swingman Garrett Temple, as Michael Grange of Sportsnet.ca details. “I think the biggest thing is, you have to have guys that understand how much you can get out of it,” Temple said. “But you can get out of it as much as you put in. It’s a situation where everybody wants to play in the real games. The fact is, we got 15 guys, and most teams are only going to play nine, maybe 10. So you have to stay ready. And the bottom line is we get paid to play basketball. This is playing basketball at a high level against high-level guys. And I love it because there’s a way to continue to compete and continue to keep your skills sharp.”
In an entertaining story for TSN.ca, Josh Lewenberg revisits a deal that changed the course of Raptors history, sharing an oral history of the six-player trade headlined by Rudy Gay that Toronto completed 10 years ago this week. At the time, the move suggested the Raptors were shifting into sell mode, but the team went 42-22 the rest of the way and finished with 48 victories. It was the first of seven straight years with at least 48 wins, including the championship season of 2018/19.

Pacific Notes: Johnson, Paul, Wiggins, Reddish, Plumlee

December 5th, 2023 at 8:35pm CST by Dana Gauruder

The Kings‘ NBA G League affiliate, the Stockton Kings, are trading for the rights to forward Stanley Johnson from the Sioux Falls Skyforce, the Heat‘s affiliate, Michael Scotto of HoopsHype tweets.

Johnson had auditions with Golden State and Phoenix during the offseason but was unable to get a contract offer. Johnson has played for five organizations since being picked in the lottery by Detroit in 2015. He saw action in 30 games off the bench for the Spurs last season.

The Kings have an open roster spot, so this could be an opportunity for Johnson to work his way back into the NBA.

We have more from the Pacific Division:

Chris Paul and Andrew Wiggins are probable to play on Wednesday against Portland, according to Warriors coach Steve Kerr. Both participated in practice on Tuesday, Kendra Andrews of ESPN tweets. Paul has been out since Nov. 28 due to a lower leg injury. Wiggins has also missed the last two games due to a finger injury.
Cam Reddish has endured a rocky start to his NBA career but he’s flourishing with the Lakers as a hustle player, Dave McMenamin of ESPN writes. He’s become a favorite among fans and teammates alike. “Cam is great,” LeBron James said. “He has a knack for just being around the ball, getting deflections. I guarantee in the minutes that he’s played, he’s probably one of the league leaders in deflections, steals. Anything around the ball, he’s just really good.” Reddish was averaging 23.7 minutes in 17 games, including 10 starts, heading into Tuesday’s tournament quarterfinal.
Mason Plumlee has a long way to go before returning to action, Andrew Greif of the Los Angeles Times tweets. The Clippers big man isn’t practicing 5-on-5 or running full speed yet as he rehabs from a knee injury. Plumlee, who is on a one-year, $5MM deal, hasn’t played since Nov. 6.

Adebayo Uncertain If He'll Play Friday

December 5th, 2023 at 5:45pm CST by Dana Gauruder

Bam Adebayo has already been ruled out of the Heat’s game against Toronto on Wednesday. The standout big man is uncertain whether he’ll be ready to go for Friday’s contest against Cleveland, he told Barry Jackson of the Miami Herald.