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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.

KAT Health Update; Hernangomez Tries To Return To Rotation

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

Timberwolves star center Karl-Anthony Towns continues to recover from the novel coronavirus. Minnesota head coach Ryan Saunders has noted that Towns has made some strides recently as he works his way back, according to Jon Krawczynski of The Athletic (Twitter link).

“He’s really been able to push himself,” Saunders said of the Timberwolves’ leading scorer. “Our medical group has been able to try to simulate certain stints during a game, the stopping and going, what that might feel like with his lungs.” Krawczynski adds in a separate tweet that Saunders says Minnesota’s medical team needs to examine the way Towns’s lungs respond to “high-intensity work.”

The Timberwolves‘ youngest players have surprisingly emerged as some of Minnesota’s best, as Michael Rand of The Star Tribune details. Jordan McLaughlin, Anthony Edwards, Jaylen Nowell, Jaden McDaniels, Naz Reid, and Jarred Vanderbilt have impressed with their play of late.
After missing nearly three weeks of action due to COVID-19, Timberwolves power forward Juan Hernangomez is now striving to break back into Minnesota’s rotation, according to Chris Hine of The Star Tribune. His younger teammates Vanderbilt and McDaniels have supplanted him in the power forward rotation for now, though Hernangomez enjoyed a productive nine-minute stint last night. “I’m probably the MVP of waiting for my chance,” Hernangomez said. “I’m happy for the young guys to develop. If I get my chance, I’m going to try to do my best.”

Malik Beasley Sentenced On Violence Charge

February 9th, 2021 at 12:32pm CST by Arthur Hill

Timberwolves guard Malik Beasley received a 120-day sentence in the Hennepin County Workhouse with work release and a home confinement option after pleading guilty to making threats of violence with reckless disregard to risk, tweets Shams Charania of The Athletic.

The sentence will be served at the end of the season, and the threats of violence charge will be reduced to a misdemeanor once he completes three years of probation, Charania adds (Twitter link).

“We are very pleased with this outcome that will allow Malik to continue working on becoming a better person and making better choices,” said his attorney, Steve Haney.

The sentence also includes a three-year ban on alcohol and illicit drug use, with regular testing, and a lifetime ban on possessing firearms, writes Paul Walsh of The Star Tribune. A felony drug charge was dismissed as part of Beasley’s plea agreement.

Beasley, 24, was accused of aiming a rifle at a pregnant woman, her husband and their teenage daughter in an SUV outside his home in September. During a video hearing, he expressed remorse for his actions, Walsh adds, but explained that “for several weeks leading up to this incident, day and night, countless vehicles … came up to my house bothering my family and myself. I was worried and in fear for the safety of us and … all this caused me to be frustrated in this situation.”

Beasley’s house was listed on a Parade of Homes tour, even though had asked to have it removed, according to defense attorney Ryan Pacyga. The family was participating in the tour when the incident occurred.

Beasley asked the judge how he could “apologize face-to-face” to the victims and was instructed to write a letter to them and have it delivered. He is banned from having any future contact with the family.

Jaden McDaniels Impresses

February 7th, 2021 at 4:18pm CST by Alex Kirschenbaum

McDaniels was selected by the Wolves with the No. 28 pick out of Washington in the 2020 draft. He is averaging 17.4 MPG in 17 games. McDaniels played nearly 24 minutes in last night’s 120-118 loss to the Thunder, scoring 8 points on 3-of-5 shooting from the floor.

20-year-old rookie Timberwolves forward Jaden McDaniels is turning heads with his play as he continues to carve out more playing time, per Chris Hine of The Star Tribune.

“I think he’s way better than people are realizing,” Timberwolves guard D’Angelo Russell raved. “He knows the game better than people expect. He makes these exciting plays out of nowhere.”

Veteran Thunder forward Darius Miller is relishing his time back on a basketball court after missing all of the 2019/20 season due to a ruptured Achilles, as Joe Mussato of the Oklahoman details. “I was trying to figure out how to walk again last year around this part of the season,” Miller said, “so I’m just happy to be able to get out here and compete and play basketball again.” The 30-year-old got injured in a three-on-three game in August 2019 while with the Pelicans. He has played in six games for the Thunder. Miller scored a season-high nine points on three made three-pointers in a 106-103 Friday loss to the Timberwolves.
Veteran Thunder center Mike Muscala has entered the league’s concussion protocol after suffering a concussion during the club’s 120-118 defeat of the Timberwolves last night, per Joe Mussatto of the Oklahoman (Twitter link).

Towns' Return Remains Uncertain

February 5th, 2021 at 7:51pm CST by Dana Gauruder

Karl-Anthony Towns‘ return to action remains up in the air, Jon Krawczynski of The Athletic tweets. The Timberwolves star has been sidelined since testing positive for COVID-19 in mid-January. Minnesota coach Ryan Saunders said Towns has been working out with the team on the road as he tries to get back into playing shape. He hasn’t played since January 13.

The Timberwolves had lost eight of 10 games without Towns entering Friday’s action, and D’Angelo Russell and Saunders don’t seem to be on the same page when the team attempts to close out games, Krawczynski notes. It takes time for a coach and a point guard to build trust, and they are working on that process right now, Krawczynski adds. Saunders is also struggling to maximize the backcourt combination of Russell and natural point guard Ricky Rubio.

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.

Wolves Notes: Towns, McDaniels, Nowell, Rosas

February 2nd, 2021 at 11:58am CST by Luke Adams

Star center Karl-Anthony Towns is with the Timberwolves on their current road trip and is a good bet to return to action at some point this week, team owner Glen Taylor told David Shama of Sports Headliners.

Towns, 25, has been limited to just four games so far this season due first to a wrist injury and then to a positive COVID-19 test. He has been in the NBA’s health and safety protocols for more than two weeks and hasn’t played since January 13.

Minnesota won its first two games of the 2020/21 season with Towns in the lineup, but has bottomed out since then, losing 15 of its last 18. Still, Taylor is hopeful that the club can make a push for a playoff spot this season, especially with a health Towns.

“I recognize that it’s going to be difficult, but on the other hand, there’s other teams that aren’t performing up to their expectations, too, and I guess we just gotta catch them,” he told Shama.

Here’s more on the Wolves:

When the Wolves selected Jaden McDaniels with the 28th pick in November’s draft, he was viewed as a long-term project who was unlikely to contribute much right away. However, as Chris Hine of The Star Tribune writes, the rookie forward has emerged as part of Minnesota’s regular rotation and has acquitted himself well, blocking three shots on Sunday and scoring 11 points on 5-of-10 shooting on Monday.
Wolves guard Jaylen Nowell has also recently entered the rotation and has scored double-digit points in four straight games. The 21-year-old remains a work in progress though, according to Hine, who notes that Nowell hasn’t been able to translate his G League scoring efficiency to the NBA, where he has made just 9-of-48 career three-pointers (18.8%). Nowell is on a non-guaranteed contract.
Now that the Wolves are a full 82 games into Gersson Rosas‘ tenure as president of basketball operations, Britt Robson of The Athletic‘s evaluates Rosas’ performance to date. Robson likes what Rosas has done to fill out the front office and to identify low-cost, low-risk players with upside, but identifies the team’s hole at power forward and its mismatched point guard duo as problems, and says the jury is still out on both of Rosas’ lottery picks (Jarrett Culver and Anthony Edwards).

Two-Way Players Making Bids For Promotions

February 1st, 2021 at 11:01am CST by Luke Adams

Players on two-way contracts are free to appear in NBA games, but there are limitations on the amount of time they can spend with their respective NBA teams. Even in 2020/21, with those restrictions loosened a little, each two-way player can only appear in 50 of his team’s 72 games, assuming he signed before the season began.

While 50 games should be more than enough for most teams to get through the season without maxing out the eligibility of their two-way players, some have emerged as regular rotation pieces for their respective clubs and are likely to reach the 50-game mark before season’s end, barring an injury.

In order to remove those restrictions, a team has to promote a two-way player to its 15-man roster, either converting him to a rest-of-season, minimum-salary contract or negotiating a new multiyear deal.

While it’s a little early in the 2020/21 season to determine which two-way players will ultimately end up being promoted to 15-man rosters, a handful of players on two-way deals have made strong cases for standard contracts in the early going.

Here are some of the top candidates to receive promotions among this year’s two-way players:

Jordan McLaughlin (Timberwolves)

McLaughlin spent the 2019/20 season on a two-way contract with the Timberwolves and played well enough to earn a standard deal in the offseason, having averaged 7.6 points, 4.2 assists, and 1.1 steals per game with a .489/.382/.667 shooting line in 30 contests (19.7 MPG).

A restricted free agent, McLaughlin reportedly received a multiyear contract offer from Minnesota, but it would’ve been a team-friendly deal that included multiple non-guaranteed years. The 24-year-old opted to bet on himself instead, playing another year on a two-way contract and hoping for a better opportunity when he returns to the free agent market in the summer of 2021.

We’ll have to wait to see whether or not that was the right call, but so far it doesn’t look like last season was a fluke. With D’Angelo Russell, Ricky Rubio, and Anthony Edwards in the picture, there are fewer backcourt minutes to go around, but McLaughlin has played well in a limited role, with 5.5 PPG, 4.1 APG, and .455/.375/.800 shooting in 17.2 MPG (11 games).

Garrison Mathews (Wizards)

Like McLaughlin, Mathews was on a two-way contract last season and played well, but ended up having to take another two-way deal. He’s once again proving that he deserves consideration for a promotion, with 8.9 PPG and 1.4 SPG on .429/.405/.889 shooting through 10 games (19.7 MPG).

Unfortunately for Mathews, the Wizards currently have a full 15-man roster made up of mostly non-expendable players. If the team cuts recent signee Alex Len at some point or makes a trades that opens up a roster spot, that could create an opportunity for Mathews.

Yuta Watanabe (Raptors)

Invited to training camp on an Exhibit 10 contract alongside other NBA veterans like Henry Ellenson and Alize Johnson in the fall, Watanabe played his way onto the 17-man regular season roster, with the Raptors converting his non-guaranteed camp deal into a two-way contract at the end of the preseason.

Since then, Watanabe who spent the last two years on a two-way deal with the Grizzlies, has gradually been making a case for more playing time. His box-score numbers (3.9 PPG and 3.4 RPG) are modest, but he’s been hot from three-point range so far, knocking down 12-of-25 attempts (48.0%) and is providing energy and defensive itensity off the bench.

In Toronto’s last five games, Watanabe has been one of the team’s most-used bench players, logging 18.8 minutes per game and bumping his averages to 8.0 PPG and 5.0 RPG.

Since releasing Len, the Raptors have been holding an open spot on their 15-man roster. If that spot doesn’t get filled in a trade at some point in the coming weeks, Watanabe looks like the best bet to fill it before the end of the season.

Others to watch:

Jordan Bone (Magic)
Mason Jones (Rockets)
Reggie Perry (Nets)
Max Strus (Heat)
Gabe Vincent (Heat)

Photo courtesy of USA Today Sports Images.

Timberwolves Notes: Rubio, Rosas, Reid, Towns

January 30th, 2021 at 5:01pm CST by Arthur Hill

Ricky Rubio hasn’t found a level of comfort since returning to the Timberwolves, writes Jon Krawczynski of The Athletic. After the Suns traded Rubio to Oklahoma City on draft day, Minnesota expressed interest in bringing him back to the place where he played his first six NBA seasons. However, he hasn’t developed a rapport with backcourt mate D’Angelo Russell, and the Wolves are sinking with their best player, Karl-Anthony Towns, sidelined by COVID-19.

“Trying to pick it up, but it’s tough,” Rubio said. “It is what it is. There’s no excuses. I’m going to keep working hard. I’ve been in the league for 10 years and I know who I am, but it’s off. My game is not here, and I’ve got to find it.”

Through the first part of the season, Rubio is averaging career lows at 6.2 points, 5.7 assists, and 3.1 rebounds per game. His shot has been off as he’s posting his worst marks ever in effective field-goal percentage (.369), field-goal percentage (.341) and 3-point shooting (.185).

“There’s a fine line of overthinking,” Rubio said. “Sometimes, if you think too much, it’s bad for you, but you can’t just let it go and go out there. You’ve got to fix it if things are not working. Got to feel better with the system, with what we’re running, and as a point guard, I’ve got to do my job.”

There’s more on the Wolves:

Rubio could wind up being a trade chip, suggests Chris Hine of The Star Tribune. The veteran guard will have a $17.8MM expiring contract next season, which could be useful to help match salary in a deal. Hine adds that team president Gersson Rosas views trades as the best way to improve.
Second-year center Naz Reid, who has taken over as a starter in Towns’ absence, shares the organizational philosophy of avoiding mid-range shots, Hine writes in a separate story. “It’s not that I can’t shoot them. It’s that I don’t feel right shooting (them),” Reid said. “The system of (rim) twos, threes, free throws is a proper system.”
Towns revealed this week that he was hit by a drunk driver in Los Angeles before the start of the season, relays Mark Medina of USA Today. Towns, who lost his mother and six other family members to COVID-19 last year, talked about the incident in a question-and-answer session on Instagram about how he has overcome so much adversity.

Malik Beasley Seeks MIP Award, Playoff Berth

January 27th, 2021 at 7:00pm CST by Luke Adams

After signing a lucrative new long-term deal with the Timberwolves in the offseason, Malik Beasley wants to win the Most Improved Player award and help lead the team to the playoffs this season, as he tells Ben Stinar of Forbes.