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Forbes Releases 2022 NBA Franchise Valuations

October 27th, 2022 at 10:59am CST by Luke Adams

For the first time since Forbes began issuing annual valuations of NBA teams over two decades ago, a team other than the Knicks or Lakers ranks atop the publication’s list of 2022’s most valuable franchises.

According to Mike Ozanian and Justin Teitelbaum of Forbes, the Warriors are now considered the NBA’s most valuable club, with a record-setting valuation of $7 billion following a championship season.

Forbes’ duo explains that the Warriors generated more revenue and operating income in 2021/22 than any other team in NBA history, buoyed by $150MM in arena sponsorships and advertising, along with $250MM from premium seating.

While the Warriors enjoyed the biggest bump in value since Forbes’ most recent round of valuations, every other NBA team saw its valuation rise during that time as well, according to Ozanian and Teitelbaum, who say the average franchise is now valued at $2.86 billion. That’s 15% more than a year ago, despite the fact that the stock market is down 15% over the same time period.

Of the NBA’s 30 teams, only one – the Nets – lost money last season, per Forbes’ report, which states that record-setting sponsorship and advertising revenue ($1.35 billion last season) has put the league back on its “pre-Covid growth trajectory.” Further growth is anticipated going forward, with a new television and media deal to be negotiated in the coming years — it will take effect in 2025.

Although Forbes’ figures are just estimates and often don’t quite match up with the sale prices for franchises that change hands, they’re still useful for getting a sense of the league’s most and least valuable teams.

Here’s Forbes’ full list of NBA franchise valuations for 2022:

Golden State Warriors: $7 billion
New York Knicks: $6.1 billion
Los Angeles Lakers: $5.9 billion
Chicago Bulls: $4.1 billion
Boston Celtics: $4.0 billion
Los Angeles Clippers: $3.9 billion
Brooklyn Nets: $3.5 billion
Dallas Mavericks: $3.3 billion
Houston Rockets: $3.2 billion
Philadelphia 76ers: $3.15 billion
Toronto Raptors: $3.1 billion
Miami Heat: $3 billion
Phoenix Suns: $2.7 billion
Washington Wizards: $2.5 billion
Milwaukee Bucks: $2.3 billion
Portland Trail Blazers: $2.1 billion
Cleveland Cavaliers: $2.05 billion
Sacramento Kings: $2.03 billion
Utah Jazz: $2.025 billion
San Antonio Spurs: $2 billion
Atlanta Hawks: $1.975 billion
Denver Nuggets: $1.93 billion
Detroit Pistons: $1.9 billion
Oklahoma City Thunder: $1.875 billion
Orlando Magic: $1.85 billion
Indiana Pacers: $1.8 billion
Charlotte Hornets: $1.7 billion
Minnesota Timberwolves: $1.67 billion
Memphis Grizzlies: $1.65 billion
New Orleans Pelicans: $1.6 billion

Ingram, Zion, Jones Out Tuesday

October 25th, 2022 at 1:59pm CST by Luke Adams

Brandon Ingram (concussion protocol), Zion Williamson (right posterior hip / low back contusion) and Herb Jones (right knee hyperextension) have all been ruled out for the Pelicans‘ game vs. Dallas on Tuesday, the team announced (via Twitter). All three players were initially listed as questionable, so they’ll presumably be considered day-to-day going forward.

Zion, Ingram, Jones Questionable For Tuesday's Game

October 24th, 2022 at 3:25pm CST by Luke Adams

The Pelicans are listing forwards Zion Williamson (hip), Brandon Ingram (head), and Herb Jones (knee) as questionable for Tuesday’s game vs. Dallas, writes Andrew Lopez of ESPN. Williamson and Ingram left Sunday’s loss after sustaining their respective injuries, while Jones tweaked his knee during that game, but it sounds like none of the three injuries are significant. Imaging on Jones’ knee came back clean, per head coach Willie Green.
Although Green told reporters today that Ingram wasn’t in the NBA’s concussion protocol, the Pelicans put out a press release announcing that Ingram is, in fact, in the protocol. Within the announcement, the team noted that the return-to-participation process can begin no earlier than 24 hours from the time of the injury, which is why Ingram can’t yet be cleared.

Pelicans’ Williamson Injures Hip, Ingram Hurts Head In Loss To Jazz

October 23rd, 2022 at 9:26pm CST by Alex Kirschenbaum

Oft-injured Pelicans power forward Zion Williamson is injured yet again. New Orleans has announced (via Twitter) that the 6’8″ forward suffered a posterior hip contusion near the end of New Orleans’s 122-121 overtime loss to the Jazz on Sunday.

The severity of the ailment, which could indicate a recovery timeline, has not been revealed as of yet. It’s unclear whether Williamson will be able to play through it. Across his first two games this season, the former first overall pick had been averaging 20.5 PPG, 7.0 RPG, 3.0 APG and 2.5 SPG for the Pelicans.

New Orleans’ other star forward, Brandon Ingram, also departed the contest early after the club determined that he had incurred concussion-like symptoms from a head injury, reports Andrew Lopez of ESPN.

Ingram bumped into Pelicans reserve small forward Naji Marshall while trying to make a steal. Ingram had averaged 28.0 PPG, 8.0 RPG and 6.0 APG through his first two complete contests. He played just 11 minutes against the Jazz before exiting the game.

New Orleans currently sports a 2-1 record on the young 2022/23 NBA season. That said, should either Williamson or Ingram be sidelined for an extended duration, the club may need to lean on shooting guard CJ McCollum for further scoring punch, and could be looking for further minutes from reserves Marshall, Trey Murphy III, and Larry Nance Jr. if it needs to compensate for the absence of Williamson and/or Ingram.

Last year, an upstart Pelicans team pushed the Suns to a hotly-contested six-game first round Western Conference playoff series. With Williamson back in the fold to start the season, the club is hoping to build on that result this year.

Pelicans Notes: Zion, Jones, Green, Marshall

October 23rd, 2022 at 11:59am CST by Arthur Hill

Returning to North Carolina on Friday was an important experience for the Pelicans‘ Zion Williamson, who played his first game at Charlotte since coming to the NBA, writes Alex Zietlow of The Charlotte Observer. Faced with frequent double teams, Williams was limited to 16 points, but he was excited for the chance to play in front of friends and family and raved about the talent that New Orleans has assembled.

“I say it a lot, our team is deep,” he said. “I haven’t played with a team like this throughout my life. Closest would be in college, but at the pro level, this is something different. And I say it all the time, this is a special team, and I’m excited to see what we’re going to do.”

Williamson was even more impressive in Wednesday’s season opener, with 25 points and nine rebounds in a decisive win at Brooklyn. It was an emphatic return after missing all of last season because of foot surgery, writes Jake Fischer of Yahoo Sports, and coach Willie Green said Williamson’s presence has been uplifting.

“I can see his energy starting to come back,” Green said. “That smile is real. It’s fun to have him back in the gym. He’s been very, very good and we look forward to him just continuing to build from here.”

There’s more from New Orleans:

Herb Jones, who took the league by storm with his defense during his rookie season, said in an interview with Michael Scott of HoopsHype that he developed his style by watching NFL defenders as well as NBA players. “I think my defense and how I see the game is something where I’ve tried to watch safeties in the NFL,” Jones said. “Ed Reed and Kam Chancellor, who was long and covered so much ground. I just tried to figure out how they were able to read and react to plays on that side of the field. I felt like if I could take pieces from their mentality, then I could roam around on the basketball court fairly easily.”
Expectations are higher than ever for the Pelicans going into tonight’s home opener, Rod Walker of NOLA.com notes in a subscriber-only story. Some national media members are pointing to New Orleans as a legitimate contender in the West. “That’s a good thing,” Green said. “It means we have a chance to be a good team. Those expectations aren’t higher than our own.”
The Pelicans’ reputation as an underdog has helped them connect with fans in New Orleans, per Christian Clark of NOLA.com. Naji Marshall said the public can identify with the obstacles the team overcame to reach the playoffs last season. “They saw us grind — just like New Orleans,” Marshall said. “They’ve been hit with tragedies, and they always bounce back. For them to see us bounce back from a bad season, it was huge.”

NBA Teams With Most, Least Roster Continuity

October 18th, 2022 at 2:19pm CST by Luke Adams

Over the last several months, dozens of NBA players have changed teams via free agency, dozens more have entered or exited the league, and a total of 31 trades have been made. After all that offseason activity, some teams will enter the 2022/23 season looking totally different than they did in the spring, while others will look pretty similar to last season’s squads.

Roster continuity is generally perceived as a sign of stability, but carrying over a significant number of players from last year’s team doesn’t necessarily give a club a leg up entering a new season.

Heading into the 2021/22 season, for instance, the Nuggets, Kings, Hawks, and Magic were the teams with the most roster continuity, and none of those clubs had a hugely successful season (Denver and Atlanta exited the playoffs quickly, while Sacramento and Orlando didn’t make it). On the opposite end of the spectrum, the Celtics were one of the teams with the most roster turnover during the 2021 offseason and made it within two wins of a championship this past spring.

Entering the 2022/23 campaign, the Bucks, Pelicans, and Magic are the three teams bringing back the most players from last year’s end-of-season rosters (including two-way players). All three clubs retained 14 players over the summer.

It’s the third straight year in which Orlando has ranked among the teams with the least roster turnover, which suggests the team remains high on its young core and doesn’t want to break it up. Milwaukee and New Orleans, meanwhile, are joined by the Clippers (13 returning players) as teams perhaps hoping that the return of an injured star (Khris Middleton, Zion Williamson, and Kawhi Leonard, respectively) will help propel them to a deeper postseason run in 2023.

The Jazz are, unsurprisingly, the team that experienced the most roster turnover, having launched a rebuilding process that saw them trade away All-Stars Rudy Gobert and Donovan Mitchell, among other veterans. They’re bringing back just five players.

The Lakers, who had a disaster of a year 2021/22 after bringing back just three players from the previous season’s roster, once again rank among the teams with the most roster turnover, having retained just six players from their end-of-season roster. We’ll see if this version of the new-look squad has more success than last year’s did.

Here’s the total number of returning players for each of the NBA’s 30 teams, from most to fewest:

Milwaukee Bucks: 14
New Orleans Pelicans: 14
Orlando Magic: 14
Chicago Bulls: 13
Los Angeles Clippers: 13
Miami Heat: 13
New York Knicks: 13
Charlotte Hornets: 12
Phoenix Suns: 12 (*)
Toronto Raptors: 12
Brooklyn Nets: 11
Dallas Mavericks: 11
Houston Rockets: 11
Memphis Grizzlies: 11
Oklahoma City Thunder: 11
Washington Wizards: 11
Boston Celtics: 10
Cleveland Cavaliers: 10
Detroit Pistons: 10
Golden State Warriors: 10
Indiana Pacers: 10
Philadelphia 76ers: 10
Portland Trail Blazers: 10
Sacramento Kings: 10
San Antonio Spurs: 10
Denver Nuggets: 9
Minnesota Timberwolves: 9
Atlanta Hawks: 7
Los Angeles Lakers: 6
Utah Jazz: 5

(* The Suns’ count includes Jae Crowder, since he technically remains on the roster, even though he’s away from the team.)

No Extensions For Grant Williams, Cam Johnson, Others

October 17th, 2022 at 6:15pm CST by Alex Kirschenbaum

Several notable fourth-year NBA players who were eligible for rookie scale contract extension agreements did not come to terms with their current clubs, and will now enter restricted free agency next summer with the extension deadline having passed.

Adrian Wojnarowksi of ESPN reports (via Twitter) that newly-promoted Suns starting power forward Cameron Johnson, Hornets forward P.J. Washington, and Celtics forward Grant Williams all failed to reach extension deals with their respective clubs.

With former Phoenix starting four Jae Crowder demanding his way out of town, it would have perhaps behooved the Suns to lock up Johnson to a long-term deal, but the team’s ownership situation could have made figuring out an agreement difficult. Williams had an erratic postseason for Boston during the team’s Finals run. Washington could get some additional run this season with the availability of forward Miles Bridges up in the air.

A source informs Christian Clark of NOLA.com (Twitter link) that Pelicans center Jaxson Hayes did not ultimately reach an agreement on a contract extension with New Orleans. Clark suggested that Hayes and his team would most likely resume negotiations when the big man reaches restricted free agency next summer, so it appears New Orleans does hope to keep him aboard.

Chris Haynes of Yahoo Sports tweets that Sixers swingman Matisse Thybulle similarly did not agree to an extension with Philadelphia, and is now set to reach restricted free agency in the summer of 2023. Thybulle is a terrific perimeter defender, but his offensive limitations impede his value.

Even though Wizards GM Tommy Sheppard and head coach Wes Unseld Jr. gave him positive preseason performance reviews, forward Rui Hachimura also will now enter restricted free agency in the 2023 offseason, reports Ava Wallace of The Washington Post (Twitter link).

Knicks forward Cam Reddish, the tenth pick in the 2019 draft, did not get an extension from New York, his second NBA team, The Athletic’s Fred Katz reports (via Twitter). Katz notes that an agreement was not anticipated. Reddish struggled to carve out rotation minutes when the Hawks traded him to the Knicks, even though the team was clearly lottery-bound near the end of the 2021/22 season.

Tony Jones of The Athletic (Twitter link). reports that, in another anticipated move, combo guard Nickeil Alexander-Walker did not reach an extension agreement with the Jazz.

Rob Schaefer of NBC Sports Chicago writes that the Bulls also opted to not extend reserve guard Coby White, the seventh pick in the 2019 draft. Schaefer notes that, though Chicago considered trade offers for the 22-year-old out of UNC, the team eventually decided to not move him.

White will compete for minutes in a crowded backcourt that includes starting point guard Ayo Dosunmu and starting shooting guard Zach LaVine, plus reserves Alex Caruso and Goran Dragic. If Lonzo Ball returns from a recent knee surgery, he would supplant Dosunmu in the starting lineup, and further dilute White’s minutes load.

Here’s the full list of players eligible for rookie scale extensions who didn’t sign new deals before Monday’s 5:00 pm CT deadline:

Nickeil Alexander-Walker (Jazz)
Darius Bazley (Thunder)
Goga Bitadze (Pacers)
Rui Hachimura (Wizards)
Jaxson Hayes (Pelicans)
Cameron Johnson (Suns)
Romeo Langford (Spurs)
Cam Reddish (Knicks)
Matisse Thybulle (Sixers)
P.J. Washington (Hornets)
Coby White (Bulls)
Grant Williams (Celtics)
Dylan Windler (Cavaliers)

Extension-eligible veterans on expiring contracts remain eligible to sign new contracts throughout the season, while extension-eligible vets with multiple years left on their contracts can extend their deals up until 10:59 pm CT tonight.

Though the roster deadline has passed and every team is in compliance, that doesn’t mean there will be no additional moves tonight and tomorrow before the games begin. That said, in general, team rosters are set with the 2022/23 season set to tip off on Tuesday.

Luke Adams contributed to this report.

Injury Notes: Zion, Grizzlies, Raptors, Beasley, Bagley

October 17th, 2022 at 3:16pm CST by Rory Maher

Pelicans star Zion Williamson, who left a preseason game early last week with left ankle soreness and subsequently missed the finale, was a full participant in practice on Monday, per head coach Willie Green (Twitter link via ESPN’s Andrew Lopez). Green sounded non-committal about Williamson’s status for Wednesday’s regular season opener, but Williamson put speculation to rest by stating, “I’m playing Wednesday,” as Lopez tweets.

The 22-year-old former No. 1 overall pick looks to be in great shape for 2022/23 after missing all of last season with a broken foot, so hopefully the ankle issue is as minor as it seems.

Here are some more injury notes from around the NBA:

Grizzlies head coach Taylor Jenkins said the team is hoping to get some 5-on-5 work in for Jaren Jackson Jr. “in the next couple of weeks,” tweets Damichael Cole of The Memphis Commercial Appeal. Jackson underwent foot surgery at the end of June and will miss the start of the regular season. Jenkins also said second-year wing Ziaire Williams missed practice on Monday with a non-COVID illness in addition to knee soreness, and his status for the season opener is up in the air (Twitter link via Michael Wallace of Grizzlies.com).
Raptors big man Chris Boucher, who’s dealing with a hamstring injury, was able to practice today and the team is hopeful he’ll be ready for the opener on Wednesday, per head coach Nick Nurse (Twitter link courtesy of Sportsnet’s Michael Grange). Eric Koreen of The Athletic relays (via Twitter) that free agent addition Otto Porter (hamstring) did not participate in practice and Koreen expects him “to be out for a little bit.”
According to Eric Walden of The Salt Lake Tribune (Twitter link), Jazz shooting guard Malik Beasley recently said his sprained left ankle feels “completely healed” he and expects to play in Wednesday’s season opener. Beasley was acquired from Minnesota this offseason in the Rudy Gobert deal.
Marvin Bagley III admits “it was a little scary” when he suffered a sprained MCL and bone bruise in his right knee during preseason last week, writes Mike Curtis of The Detroit News (subscription required). “When I did it, all types of stuff was running through my mind,” Bagley said. “It was something I couldn’t have really prevented. It happened so fast. That feeling, I never felt it before. Getting up and not being able to put pressure on it, it was a little scary for me. God had his hands on me; had His arms around me, so that’s all I can ask for.” The big man added that he’s not going to rush the rehabilitation process and will only suit up for the Pistons when he’s ready, but he’s feeling progressively better every day.

Western Notes: Lakers, Nuggets, Rockets, Potter, Liddell, Spurs

October 17th, 2022 at 12:57pm CST by Luke Adams

Although he didn’t play in the Lakers‘ preseason finale on Friday due to lower back soreness, Anthony Davis will have “no restrictions, whatsoever” when the team’s regular season tips off on Tuesday in Golden State, head coach Darvin Ham said (link via Broderick Turner of The Los Angeles Times).

Russell Westbrook, who sustained a left hamstring injury in Friday’s game, could “definitely” be available for the opener, according to Ham, but reserve point guard Dennis Schröder likely won’t be, as Turner writes.

Ham said that Schröder’s thumb ligament injury was still being evaluated as of Sunday, and while he’s still considered day-to-day, the ailment may take a little time to heal, tweets Kyle Goon of The Southern California News Group.

Here’s more from around the Western Conference:

Nikola Jokic (wrist) and Jamal Murray (hamstring) are both expected to be available for the Nuggets‘ regular season opener on Wednesday in Utah, writes Mike Singer of The Denver Post. Barring an unexpected setback, it will be the first time Denver’s two stars have shared the court in a regular season game since April 2021.
The Rockets will likely have a handful of players on the injury report to start the season, but head coach Stephen Silas said on Sunday that he’s hopeful rookie Jabari Smith (ankle) will be available for the team’s opener, according to Jonathan Feigen of The Houston Chronicle. Silas added that Garrison Mathews (illness) and Daishen Nix (back) are “close” to being ready too. Jae’Sean Tate (ankle) is the least likely of the group to be available for the opener, Feigen writes.
The two-way contracts signed in recent days by Jazz center Micah Potter and Pelicans forward E.J. Liddell both cover two years, Hoops Rumors has confirmed. As our tracker shows, those are the fifth and sixth two-way deals signed this offseason that are for two years instead of one.
Noting that the Spurs have had “so many guys over the years” develop their games in the G League, head coach Gregg Popovich said two-way players Dominick Barlow and Jordan Hall will likely spend most of their time in Austin this season, per Tom Orsborn of The San Antonio Express-News. “He’ll spend some time in the G League and play lots of minutes,” Popovich said, specifically addressing Barlow’s situation. “If he was with us right now, he’s not going to get on the court that much, which doesn’t help him develop.”

Southwest Notes: Mavs, Campazzo, Spurs, Rockets, Pelicans

October 16th, 2022 at 7:00pm CST by Luke Adams

Argentinian point guard Facundo Campazzo has arrived in Dallas, league sources tell veteran NBA reporter Marc Stein (Twitter link). As previous reports indicated and as Stein confirms, Campazzo is on track to sign a one-year contract with the Mavericks after he completes a physical with the team.

The signing will likely become official on Monday or Tuesday, ahead of Dallas’ regular season opener in Phoenix on Wednesday, Stein adds. Because the Mavericks are currently only carrying 14 players on standard contracts, no corresponding roster move will be necessary to sign Campazzo as the team’s 15th man.

Here are a few more notes from around the Southwest:

While San Antonio’s current players say they’re not thinking about next year’s draft and will be focused on winning games this season, the Spurs figure to be a key player in the Victor Wembanyama sweepstakes, with head coach Gregg Popovich acknowledging that the team won’t be a contender this season, per Jeff McDonald of The San Antonio Express-News. “To be a championship program, you have to have a couple superstars on your team,” Popovich said. “That doesn’t exist (here) right now. … It’s just a fact, and to avoid that fact seems kind of senseless to me.”
With Dejounte Murray no longer in San Antonio, the Spurs may be the “Keldon Johnson show” this season, John Hollinger of The Athletic writes, noting that the team’s options on offense will be limited — especially if veterans Doug McDermott and Josh Richardson are traded before the deadline. Hollinger forecasts a 24-58 finish for the rebuilding Spurs, who currently have five teenagers on their roster.
Like San Antonio, Houston doesn’t have championship aspiration this season, but the Rockets want to make things hard on their opponents as they focus on player development and growth, says Jonathan Feigen of The Houston Chronicle. “There’s a lot of teams around this league that think we’re still in rebuild and we’re still trying to figure things out,” Jae’Sean Tate said. “Our whole mindset is … trying to punch guys in the mouth, try to be the aggressors and I think you … are going to see that this year.”
Zion Williamson will likely have plenty of different frontcourt partners this season, with Jonas Valanciunas, Larry Nance Jr., Jaxson Hayes, and Willy Hernangomez among the bigs he could play alongside. Will Guillory of The Athletic takes a closer look at how the pieces might fit together for the Pelicans.