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Forbes Releases 2020 NBA Franchise Valuations

February 11th, 2020 at 11:44am CST by Luke Adams

The Knicks have had a miserable 12 months, finishing the 2018/19 season with a league-worst 17 wins, missing out on their top free agent targets, and then firing head coach David Fizdale and president of basketball operations Steve Mills during the 2019/20 season.

None of that seems to have had a noticeable impact on the team’s market value though. Once again, the franchise is considered the most valuable of any of the NBA’s 30 clubs, according to a report from Kurt Badenhausen of Forbes. The Lakers and Warriors aren’t far behind, having both surpassed the $4 billion mark for the first time this year.

For the first time, all 30 NBA teams have a perceived worth of $1.3 billion or more, per Forbes’ annual report. Every team’s value increased by at least 6% since Forbes put out their 2019 valuations last February, with a handful of franchises jumping by 20% or more.

The NBA-wide average of $2.12 billion per team in 2020 is also a new record — that league-wide average surpassed the $2 billion mark for the first time. NBA franchise values are up almost sixfold over the last decade, according to Badenhausen.

Here’s the full list of NBA franchise valuations, per Forbes:

  1. New York Knicks: $4.6 billion
  2. Los Angeles Lakers: $4.4 billion
  3. Golden State Warriors: $4.3 billion
  4. Chicago Bulls: $3.2 billion
  5. Boston Celtics: $3.1 billion
  6. Los Angeles Clippers: $2.6 billion
  7. Brooklyn Nets: $2.5 billion
  8. Houston Rockets: $2.475 billion
  9. Dallas Mavericks: $2.4 billion
  10. Toronto Raptors: $2.1 billion
  11. Philadelphia 76ers: $2 billion
  12. Miami Heat: $1.95 billion
  13. Portland Trail Blazers: $1.85 billion
  14. San Antonio Spurs: $1.8 billion
  15. Sacramento Kings: $1.775 billion
  16. Washington Wizards: $1.75 billion
  17. Phoenix Suns: $1.625 billion
  18. Denver Nuggets: $1.6 billion
  19. Milwaukee Bucks: $1.58 billion
  20. Oklahoma City Thunder: $1.575 billion
  21. Utah Jazz: $1.55 billion
  22. Indiana Pacers: $1.525 billion
  23. Atlanta Hawks: $1.52 billion
  24. Cleveland Cavaliers: $1.51 billion
  25. Charlotte Hornets: $1.5 billion
  26. Detroit Pistons: $1.45 billion
  27. Orlando Magic: $1.43 billion
  28. Minnesota Timberwolves: $1.375 billion
  29. New Orleans Pelicans: $1.35 billion
  30. Memphis Grizzlies: $1.3 billion

The Raptors are among this year’s big “winners,” with their value rising 25%, from $1.675 billion a year ago to $2.1 billion this year following their first NBA championship. The Clippers also had a noteworthy bump, moving from ninth place on Forbes’ list to sixth after landing Kawhi Leonard and Paul George last summer.

Although every franchise’s value increased, the Nets had the smallest jump, just 6%. The Magic‘s modest 8% increase resulted in the team slipping from 23rd on last year’s list to 27th this year.

It’s worth noting that when a franchise has been sold in recent years, the price often exceeds Forbes’ valuation, so these figures are just estimates.

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D’Angelo Russell To Debut For Timberwolves Tonight

February 10th, 2020 at 5:15pm CST by Alex Kirschenbaum

Newly-acquired Timberwolves starting point guard D’Angelo Russell will suit up for Minnesota this evening in his team debut, according to The Athletic’s Eric Koreen (Twitter link). The Timberwolves will be taking the ascendent Raptors, who are riding a team-record 14-game win streak. The Wolves just ended a more dubious run of their own, 13 straight losses, with a Sunday defeat of the Clippers.

Russell was dealt last week to the Timberwolves in a package for wing Andrew Wiggins and future draft pick compensation. After being named an All-Star with the Nets in 2019, Russell signed a four-year, $117.3MM maximum contract with the Warriors over the summer of 2019. He was previously listed as day-to-day as he nursed a quad injury.

In 33 games for Golden State, Russell is averaging 23.6 PPG, 6.2 APG, and 3.7 RPG this season. He is shooting 43% from the field, 37.4% from the three-point line, and 78.5% from the charity stripe. Russell will serve as a significant offensive upgrade in the backcourt for the 16-35 Timberwolves.

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Malik Beasley Ready To Be A Leader In Minnesota

February 9th, 2020 at 10:26am CST by Arthur Hill

Damian Lillard won’t be fined for his post-game tirade against the officials on Friday, reports Chris Haynes of Yahoo Sports. The Trail Blazers guard had to be held back following a loss in Utah that included a missed goaltending call with 11.2 seconds remaining on a shot that would have tied the game.

Jazz center Rudy Gobert blocked Lillard’s shot, but it clearly hit the backboard first. Because no call was made, the play couldn’t be challenged or reviewed. Crew chief Josh Tiven admitted after the game that referees got it wrong.

Lillard met with league officials yesterday to discuss the incident.

“We get to the last play of the game, and they miss an easy call,” Lillard said after the game. “And then they tell us that’s an easy no-call, like that was obviously not a goaltend. It cost us a (expletive) game, man.”

There’s more from the Northwest Division:

  • Timberwolves guard Malik Beasley, acquired from the Nuggets in a four-team deal this week, brings some much-needed passion to his new team, writes Jon Krawczynski of The Athletic. After word of the trade broke, Beasley flew to Minnesota Wednesday morning and hoped to play that night. However, the trade call wasn’t completed until almost game time and he was held out, even though he insisted to his new coaches that he was ready to go. “I’m like a mini-vet,” Beasley said. “I’m like a young vet for a team, so I have to bring the winning mentality from Denver over here and watch some extra film, make sure guys are on time, making sure I get extra guys in the gym in the morning, things like that. Just pushing each other and holding each other accountable.”
  • Nuggets coach Michael Malone is glad that Beasley, along with Juan Hernangomez and Jarred Vanderbilt, all left the team on “positive terms,” relays Mike Singer of The Denver Post. Malone sent messages to his former players last night before their first game in Minnesota. “Change is inevitable in the NBA,” he said. “Players come, players go. Malik and Juancho were here for four years, Jarred for two. Everybody’s leaving on positive terms. I’m happy for those guys. Those guys are going to get opportunities in Minnesota that they deserve.”
  • Luguentz Dort has become a starter for the Thunder, but he’s still not practicing with the team, notes Maddie Lee of The Oklahoman. Dort’s two-way contract limits him to 45 days in the NBA, and team officials want to maximize his number of games. “You’ve got to watch a lot of film with him,” coach Billy Donovan said. “You’ve got to catch him up. He’s got to certainly watch and spectate. All those things become important, following the rules in terms of how we can best keep him engaged to what’s going on and what we’re doing.”
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23 Trade Exceptions Generated In Deadline Deals

February 8th, 2020 at 2:41pm CST by Luke Adams

As we explain in our glossary entry on the NBA’s trade rules, teams that complete a “non-simultaneous” deal can create what’s called a traded player exception. These are salary cap exceptions a team can use anytime during the following calendar year to acquire one or more players whose salaries are no greater than the amount of that exception (plus $100K).

A number of the traded player exceptions created at the 2019 trade deadline expired this week without being used, but nearly two dozen new TPEs were generated as a result of the trades completed at this year’s deadline. They’ll expire next February, so they could be used during the offseason or sometime next season.

The full list of traded player exceptions created this week is below, sorted by amount. The player whose departure helped generate the TPE is noted in parentheses. The full list of available trade exceptions can be found right here.

In addition to the traded player exceptions from the deals completed on February 6, this list includes the exceptions created on February 5 in the four-team trade involving the Hawks, Timberwolves, Rockets, and Nuggets.

It doesn’t include trade exceptions generated in deals earlier this season, such as the $7,069,662 TPE the Trail Blazers got when they sent Kent Bazemore to Sacramento in a five-player trade. Again, the full list of current TPEs can be found here.

If you have any questions or corrections, please let me know in the comment section below.

Salary information from Basketball Insiders and Early Bird Rights was used in the creation of this post.

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Timberwolves, Evan Turner Discussing Possible Buyout

February 7th, 2020 at 4:42pm CST by Luke Adams

After overhauling their roster at the trade deadline, the Timberwolves held a massive press conference today to officially introduce their new players. Malik Beasley, Juan Hernangomez, Jarred Vanderbilt, Omari Spellman, Jacob Evans, James Johnson, and – of course – D’Angelo Russell were are all in attendance.

However, one new Timberwolf was absent: Evan Turner. Acquired for salary-matching purposes in Minnesota’s Robert Covington trade, Turner may not be on the roster for long.

According to Darren Wolfson of SKOR North (Twitter links), Turner was in town this afternoon, but is leaving today before the Timberwolves host the Clippers on Saturday. Wolfson notes that talks were ongoing between Minnesota’s front office and Turner’s representation, with Jon Krawczynski of The Athletic confirming (via Twitter) that the two sides are discussing a possible buyout.

While nothing is done yet, Turner would like the opportunity to join a contender, so he and the Wolves are exploring their options, says Krawczynski.

If he sticks around, Turner could provide short-term ball-handling help for a Timberwolves team that has traded away point guards Jeff Teague and Shabazz Napier in recent weeks. However, he’s in the final season of a four-year contract and isn’t in Minnesota’s long-term plans, so it makes sense that the Wolves would be open to ending that contract early.

A report earlier this week indicated that Turner would likely generate interest if he reaches free agency. The Celtics – his old team – were among the clubs named as potential suitors.

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Kerr On D-Lo: “Fit Was Questionable When We Signed Him”

February 7th, 2020 at 3:51pm CST by Luke Adams

A day after Golden State completed one of the biggest trades of the 2019/20 season, sending D’Angelo Russell to the Timberwolves, head coach Steve Kerr expressed confidence that newly-acquired forward Andrew Wiggins is in a good position to succeed the Warriors.

“Minnesota needed him to be a star,” Kerr said of Wiggins, per Drew Shiller of Warriors Outsiders (Twitter link). “And we’re not asking him to be a star. We’re asking him to play a role on a team that already has some star players.”

As Kerr explained (video link via Anthony Slater of The Athletic), Wiggins also figures to be a better positional fit for the Warriors than Russell once Stephen Curry and Klay Thompson are healthy. According to Kerr, Golden State isn’t expecting a whole lot of talented wings to be available during this year’s draft or free agent period, so the club is happy to add one like Wiggins now.

In his discussion of the trade, Kerr also acknowledged a point that many critics of the Warriors’ initial acquisition of Russell brought up last summer — D-Lo and the Dubs probably weren’t an ideal long-term match.

“To be perfectly blunt, the fit was questionable when we signed him,” Kerr said (video link via Slater). “… When you already have Steph and Klay and you add a ball-dominant guard, you can rightfully question the fit. That was one of the reasons the trade rumors started before the season even began.”

According to Kerr, even with Curry and Thompson sidelined this season, the Warriors got a “good enough look” over the first 50 games of the season to picture how Russell would fit on a fully healthy roster.

“I think you have an idea – I think we have an idea – that the other move, the other player (Wiggins) makes more sense,” Kerr said. “In this case, I would say (the fit is better) for both teams.”

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Wolves Notes: Towns, Russell, Tax, Beasley

February 7th, 2020 at 8:22am CST by Luke Adams

Less than 24 hours after Karl-Anthony Towns expressed his frustration with the state of the Timberwolves – and the fact that the team can’t seem to buy a win – Minnesota’s front office made arguably the biggest trade-deadline splash, acquiring D’Angelo Russell from Golden State. Speaking to Jon Krawczynski of The Athletic, Towns sounded pretty happy that the Wolves’ lengthy pursuit of his good friend had finally paid off.

“I’d be lying if I told you I thought it was possible,” Towns said. “I’m shocked like everybody else. We’ve been putting it into the universe since Day 1. We’ve never been shy about saying it in the media or interviews or wherever it may be. If you want something to happen, you have to keep believing and keep saying it to the universe and repeating it and one day the universe will hear it and give you your wish.”

Although Towns is only in the first season of a five-year, maximum-salary contract, the Timberwolves’ lack of forward progress this season has been troubling. The team didn’t want its franchise player to start looking for an exit ramp as its losses continued to pile up. And it appears that the acquisition of Russell should assuage those concerns, at least for now.

“I think with D-Lo here, it’s always going to be a big incentive for me to want to stay,” Towns told Krawczynski. “D-Lo is a big part of everything the vision is. D-Lo always knows he’s going to be wanted because his brother is here with him and he always knows he’s going to have his back covered because I’m always going to be there for him.”

Here’s more on the Wolves:

  • Here’s more from Towns, via Krawczynski, on his enthusiasm for teaming up with Russell: “First off we’re not friends, we’re brothers. That’s like blood to me. Why I think we’re going to be great, when you see the great teams in history, they always had a great big man and a great guard. I think we now have those two things set up for success.”
  • As Chris Hine of The Star Tribune tweets, and as Krawczynski writes for The Athletic, Timberwolves owner Glen Taylor signed off on going into luxury-tax territory to complete the Russell trade. The team’s 2019/20 salary is currently over the tax line by just $1,324,442, per John Hollinger of The Athletic, so the penalty will be minimal. “We wanted to get going on a better year,” Taylor told Krawczynski. “I told them that if we had to do it, we’ll do it.”
  • Taylor told Krawczynski that all of the Timberwolves’ moves this year were made with an eye toward acquiring Russell, which was always the team’s No. 1 priority. He also explained why Minnesota pushed to get a deal with the Warriors done now: “I didn’t anticipate that we would have this rough of a season. I wanted and expected a team that would be vying to get into the playoffs. We started that way and then we just fell apart. That is a part of the evaluation process you go through. (President of basketball operations) Gersson (Rosas) decided, rather than wait, he wanted to try to start to get his team in place now rather than wait for next year.”
  • Acquiring Russell is a high-risk, high-reward move for the Wolves, according to Jim Souhan of The Star Tribune, who suggests D-Lo and Towns have the talent to become “the most influential long-term teammates in Wolves history.”
  • Pointing to Russell’s and Towns’ defensive limitations, Hollinger notes at The Athletic that the team will have to complement its stars with above-average defenders at the two, three, and four.
  • Newly-acquired Wolves shooting guard Malik Beasley is in a good position to squeeze the team for a big contract in restricted free agency this summer, writes ESPN’s Zach Lowe. As Lowe observes, Minnesota will be under pressure to re-sign Beasley after making him one of the key pieces in the Robert Covington trade.
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Western Notes: Wiggins, Collison, Warriors

February 6th, 2020 at 11:09pm CST by ChrisCrouse

While Andrew Wiggins‘ contract, which has over $94MM left on it after this season, may seem like it is a negative mark on his trade value, that perception is no longer the reality around the league.

The Timberwolves knew they likely had to move Wiggins (for salary-matching purposes) and reached out to other teams about taking on the 24-year-old prior to agreeing to terms with the Warriors.

The former No. 1 pick has improved his value considerably since last season — part of that is him buying into the plan set forth by Minnesota’s player development staff. Wiggins is finding better looks and taking a more cerebral approach to the game this year after putting in substantial work during the offseason.

Here’s more from the Western Conference:

  • The Timberwolves had spoken to the Mavericks about a Wiggins deal prior to trading him to the Warriors, per a source. It’s unclear how far those talks went.
  • Former NBA wing Matt Barnes remains close with Darren Collison and says the point guard is “50/50” on returning to the league, as ESPN’s Rachel Nichols tweets. It was previously reported that if Collison returns, he’d prefer to go to the Lakers or Clippers.
  • The Warriors trading Alec Burks and Glenn Robinson III caught the locker room by surprise. “So this was a blindside,” one member of the team told Anthony Slater of The Athletic. Prior to the team’s matchup on Wednesday night, the front office pulled Burks and Robinson from pre-game shootaround, signaling that the duo was going to be traded.
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D’Angelo Russell’s Trade Market Was Not Robust

February 6th, 2020 at 9:01pm CST by ChrisCrouse

With over a year of speculation that D’Angelo Russell would end up on the Timberwolves, he is finally there. The team gave up a lightly protected first-rounder, in addition to a second-round selection and Andrew Wiggins in exchange for the former No. 2 overall pick.

Outside of Minnesota, the market for Russell wasn’t robust, according to Zach Lowe of ESPN (podcast). The Knicks were rumored to have interest in the guard, but New York was the only other team with an offer for Golden State, per Sean Deveney of Heavy.com.

While it seemed like a deal wouldn’t happen because the two sides were far apart in value, the Wolves did not relent. The franchise remained determined to acquire Russell and continued to look for ways to do so, even speaking with other teams about taking on Wiggins, as I recently reported. In the end, the Warriors were happy to take on Wiggins and the picks for a player whose skillset overlapped with their star point guard, Stephen Curry.

Russell joined the Warriors via the Kevin Durant sign-and-trade over the summer. The franchise surrendered their 2020 first-round pick (protected 1-20) to Brooklyn to accommodate the sign-and-trade. Since it won’t convey this year, that pick will turn into a 2025 second-rounder.

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Heat Acquire Iguodala, Crowder In Three-Team Trade

February 6th, 2020 at 7:10pm CST by Luke Adams

7:10pm: The trade is now official, according to press releases from the Timberwolves, Heat, and Grizzlies. Minnesota became part of the deal by agreeing to acquire Johnson for Gorgui Dieng, as we outlined in a separate story, making it a three-team trade.

11:16am: The Grizzlies and Heat have agreed to a trade that will send Andre Iguodala, Jae Crowder, and Solomon Hill to Miami in exchange for Justise Winslow, Dion Waiters, and James Johnson, reports ESPN’s Adrian Wojnarowski (via Twitter). No draft picks will be included in the deal.

Shams Charania of The Athletic (all Twitter links) first reported that Crowder, Hill, and Waiters would be involved in the trade, which broke last night.

There’s still time for the agreement to be expanded to include the Thunder and Danilo Gallinari, but those talks between Oklahoma City and Miami have “fully stalled,” according to Woj (Twitter link).

The Heat were hoping to fold an acquisition of the veteran forward into the trade, perhaps extending his contract in the process. However, Wojnarowski tweets that the Grizzlies and Heat are focusing on officially finalizing a two-team deal for now, with Miami still unable to reach an agreement for Gallinari.

Barry Jackson of The Miami Herald has heard similar rumblings, tweeting that Crowder and Hill could be re-routed to Oklahoma City if the deal is expanded to include Gallinari, but for now Hill is under the impression he’ll end up in Miami, along with Crowder.

Even if the Heat can’t land Gallinari, they’ll add three veterans capable of playing rotation roles in Iguodala, Crowder, and Hill. Although Iguodala hasn’t appeared in a game at all since being traded from Golden State to Memphis in July, he played key minutes on the Warriors’ championship teams in recent years and will be well-rested for the stretch run.

As we detailed in a previous story, Iguodala and the Heat have reached an agreement on a two-year, $30MM contract extension as part of the trade. The second season of Iguodala’s extension will reportedly be a team option, allowing Miami to retain its financial flexibility to participate in a loaded free agent class in 2021. The Heat are expected to guarantee the second season of Iguodala’s deal for if they miss out on their top free agent targets in ’21, per Wojnarowski (Twitter link).

Crowder and Hill, meanwhile, have helped the Grizzlies exceed expectations and compete for a playoff spot this season. Crowder has started 45 games, averaging 9.9 PPG and 6.2 RPG and playing strong perimeter defense, while Hill has averaged 5.7 PPG with a .381 3PT% in 48 games (18.8 MPG).

The trade will also help the Heat out financially, since they’re sending out more money than they’re taking back. ESPN’s Bobby Marks tweets that Miami is now $3.4MM below its hard cap and reduced its projected tax bill by nearly $3.7MM. That could allow the Heat to be a player in the buyout market, though the team still has a full 15-man roster.

The franchise also cleared a significant amount of salary for 2020/21 in the deal, though Iguodala’s extension cuts into that newfound flexibility a little.

As for the Grizzlies, they’ll take on three pricey multiyear contracts in exchange for their three expiring deals. Having also extended Dillon Brooks on Wednesday, Memphis has gone from having $50MM in projected cap room to likely being over the cap this summer, tweets Jeff Siegel of Early Bird Rights.

Winslow is the prize of the deal for Memphis. The former lottery pick is under contract for $13MM annually through 2021/22, with a team option on the final year. Winslow has flashed tantalizing upside as a ball-handler and defender, but injuries have limited him to just 11 games this season. He’s currently sidelined with a lower back bone bruise.

Johnson and Waiters are on oversized contracts — Johnson is earning $15.35MM this season with a $16.05MM player option for 2020/21, while Waiters is owed $12.1MM this season and $12.65MM next year. Memphis’ willingness to take on those deals signals that the team is willing to roll over its cap room to 2021.

Both Johnson and Waiters have spent much of the season in the doghouse in Miami, but Johnson has at least appeared in 18 games, averaging 5.7 PPG and 2.9 RPG on .448/.356/.571 shooting in 15.6 minutes per contest.

Photos courtesy of USA Today Sports Images.

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