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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.

Grimes Feeling Comfortable Off Bench

December 12th, 2023 at 10:50pm CST by Dana Gauruder

Knicks guard Quentin Grimes was moved to the second unit and he’s thriving off the bench. In the last two games, he has averaged 16 points on 10.5 shot attempts. “I’m just out there playing free, really,” he told Zach Braziller of the New York Post. “Everybody sees it, just from me going out there, playing with guys trying to get me open shots. It’s easy and fun playing out with the second unit for sure.”
Knicks guard Immanuel Quickley is listed as questionable with knee inflammation for Wednesday’s game vs. Utah, Stefan Bondy of the New York Post tweets. He didn’t play against Toronto on Monday.

Atlantic Notes: Raptors, Sims, Hartenstein, Walsh

December 12th, 2023 at 4:05pm CST by Luke Adams

Raptors head coach Darko Rajakovic isn’t oblivious to the calls to modify his starting lineup, but he’s not prepared to make any changes yet. In a media session on Tuesday, Rajakovic said he wants to give his current starting five – Dennis Schröder, Scottie Barnes, OG Anunoby, Pascal Siakam, and Jakob Poeltl – “another game or two” to figure things out, tweets Josh Lewenberg of TSN.ca.

The five-man group has a minus-4.7 net rating in 270 minutes so far this season. As Lewenberg observes, the starters have been outscored in six of the Raptors’ last seven games and the club lost all six of those games. If there are no positive steps forward within the next couple games, it sounds like Rajakovic is open to shaking things up.

“It’s not something that’s completely off the table,” he said today.

Here’s more from around the Atlantic:

Eric Koreen and John Hollinger of The Athletic teamed up to examine what it would look like if the Raptors become trade deadline sellers, weighing the trade value of players like Siakam and Anunoby. Hollinger also digs into what a trade sending Siakam to the Hawks might look like, suggesting a package of a couple first-round picks (Sacramento’s lottery-protected 2024 pick and Atlanta’s own “lightly protected” 2029 selection), De’Andre Hunter, and Bogdan Bogdanovic in exchange for Siakam and Christian Koloko.
While Jericho Sims got the starting nod in the Knicks‘ first game without center Mitchell Robinson, Isaiah Hartenstein played more minutes than Sims did and was part of the closing lineup, notes Fred Katz of The Athletic. Katz takes a closer look at what Robinson’s extended absence will mean for New York, exploring whether additional lineup and rotation tweaks may be necessary if Sims continues to start.
Celtics forward Jordan Walsh has yet to make his regular season NBA debut, having spent much of his rookie season so far in the G League. According to Chris Forsberg of NBC Sports Boston, head coach Joe Mazzulla – who has said he wants to see Walsh focus on defense and impacting the game without scoring during his time in Maine – is keeping tabs on the rookie’s progress. “We get an email after every game,” Mazzulla said. “Craig [Luschenat], our guy who works with our player development, and [Maine head coach] Blaine [Mueller] are in constant communication and then we have constant development checklist of what’s important to us, where we want him to be at the end of the season, where we want him to be in a year from now.”

Raptors Respond To Knicks As Legal Battle Continues

December 12th, 2023 at 10:00am CST by Luke Adams

While two Atlantic Division rivals competed on the court on Monday, their legal battle raged on off the court, with the Raptors responding to the claims made by the Knicks in a court filing last month, according to Baxter Holmes of ESPN.

To recap the events to date, the Knicks filed a lawsuit against the Raptors in August, alleging that former employee Ikechukwu Azotam illegally took confidential files with him when he was hired by Toronto. The Raptors called the suit a “baseless” PR stunt and sought to have it dismissed, insisting that commissioner Adam Silver – rather than the courts – should arbitrate the dispute between two NBA teams.

In November, the Knicks responded by questioning Silver’s impartiality due to his friendship with Raptors governor Larry Tanenbaum and contending that the courts should handle the case because the Knicks are seeking more than $10MM in damages, which is the maximum amount the league can penalize a team.

In Monday’s filing, according to Holmes, the Raptors accused the Knicks of dragging out the case for publicity and – for the first time – raised the possibility of filing a countersuit against the Knicks for defamatory public statements once this case is resolved. The Raptors also challenged New York’s claim that Silver is biased, insisting again that the NBA commissioner arbitrate the dispute.

“The NBA Commissioner is not biased and he is the best person to adjudicate this dispute because of his ability to identify what, if any, information is confidential and proprietary such that its misuse may harm a Member like the Knicks,” the Raptors wrote. “The Knicks’ aversion to his jurisdiction is simply because they know they will not like his determination. Although it is inevitable the Knicks’ claims will fail on the merits in any forum, this proceeding permits the Knicks to keep their allegations in the public media, causing harm to the Named Defendants.”

As Holmes details, the Raptors have maintained throughout the legal process that the information Azotam took with him to his new position wasn’t confidential and that head coach Darko Rajakovic and the Raptors never saw any of the Knicks’ trade secrets.

“Coach Rajakovic — with nearly 15 years’ experience as a head coach overseas and in the NBA’s G-League and another decade as an assistant coach in the NBA — never needed, wanted, or saw a single piece of Knicks’ proprietary information,” the Raptors said. “Nor did Azotam ever share any proprietary Knicks information. The Knicks would have learned this if had they accepted the Raptors’ offer to cooperate in an investigation instead of immediately filing this suit.”

If the Knicks were “genuinely concerned” about misuse of proprietary information, the Raptors stated in their filing, they would have accepted Toronto’s invitation to cooperate in a thorough investigation of the allegations rather than having “mired themselves in lengthy judicial proceedings.” The Raptors also argued on Monday that the Knicks’ claims of having incurred $10MM+ in damages hasn’t been substantiated in any way.

“To the contrary,” the Raptors wrote, “the Knicks have offered the Court no theory or measurement of damages whatsoever — because they have not been harmed but appear to have made this claim to generate press attention.”

According to Holmes, an MSG spokesperson responded to the Raptors’ repeated insistence on referring the dispute to Silver for adjudication by stating, “Hopefully the Court will make it clear that Toronto cannot escape the consequence of breaking the law by being a member of the NBA.”

As Holmes writes, legal experts have referred to the standoff between the Knicks and Raptors as virtually unprecedented, making it difficult to predict the outcome, though many of those experts have been skeptical about New York’s chances of winning the case.

On the court, the Knicks defeated the Raptors on Monday for a second time this month, pulling out a 136-130 home victory.

Mitchell Robinson To Miss At Least 8-To-10 Weeks After Ankle Surgery

December 11th, 2023 at 11:34am CST by Arthur Hill

Knicks center Mitchell Robinson will undergo surgery on his left ankle and will be reevaluated in eight-to-10 weeks, the team announced today (via Twitter). The operation will be performed this week at the Hospital for Special Surgery, according to the Knicks.

Robinson had already been ruled out of tonight’s game after injuring the ankle in the first half of Friday’s contest at Boston. He had an X-ray and was able to return for five minutes in the third quarter before being pulled from the game.

The Knicks will miss Robinson as both a defensive anchor and a presence on the boards. Through 21 games, he’s averaging career highs of 10.3 rebounds and 1.5 steals per night, along with 1.3 blocks and 6.2 points while shooting 59.2% from the field.

Robinson’s place in the starting lineup will go to Isaiah Hartenstein, who has been an effective backup, averaging 5.3 points and 5.6 rebounds in 17.6 minutes per night over 21 games. Robinson’s absence should also mean more playing time for Jericho Sims, who has only appeared in nine games but was effective when Robinson was sidelined last season.

After Robinson hurt his ankle on Friday, coach Tom Thibodeau expressed confidence in his reserve big men, according to Mark W. Sanchez of The New York Post.

“I felt all along that one of our strengths was that position,” Thibodeau said. “The way Mitch has been playing, the way Isaiah has been playing — actually, Isaiah has … deserved more [time]. But also, Jericho, we forget that he’s sitting there. And Jericho played very, very well for us last year.”

Knicks Notes: Robinson, Brunson, DiVincenzo, Trade Options

December 11th, 2023 at 8:01am CST by Arthur Hill

Knicks center Mitchell Robinson has been ruled out for tonight’s game with inflammation in his left ankle and will undergo further testing, writes Mark W. Sanchez of The New York Post. Robinson injured the ankle in the first half Friday at Boston. He had an X-ray – which was negative, according to coach Tom Thibodeau – and was able to play five minutes in the third quarter before sitting out the rest of the game.

Thibodeau didn’t provide any details on the upcoming tests for Robinson and declined to estimate how much time he might miss. “Until we get the report, it’s just speculation,” Thibodeau told reporters.

Robinson posted a message about the injury on Snapchat (Twitter link from New York Basketball), writing, “Been battling stuff my whole life; some days I feel like I take 10 steps ahead, and others feel like I took 20 steps back; even when I do what I’m supposed to god throws these battles at me that feel like they’re unbeatable no matter what I do I know. I shouldn’t be letting this stuff get to my mental but over time it just takes over. Always going to be an uphill battle.”

Injuries have plagued Robinson throughout his career, Sanchez points out, as he has managed to play 72 games only once in his six years in the NBA. He was limited to 59 appearances last season, missing two and a half weeks with a knee injury in November and then undergoing surgery on a fractured right thumb in January, which kept him out for 14 games.

There’s more from New York:

The outlook is more positive for Jalen Brunson, who suffered an ankle sprain late in Friday’s game and limped off the court, Sanchez adds. Brunson made an appearance Saturday at a Villanova game and appeared to be walking normally. He was able to practice Sunday and Thibodeau expects him to play tonight, tweets Fred Katz of The Athletic.
Donte DiVincenzo saw a reduced role in the offense as he moved into the starting lineup Friday night, Sanchez adds in a separate story. Spending more time on the court with ball-dominant teammates, DiVincenzo took just six shots and scored six points in 22 minutes. “I didn’t really feel a difference to be honest with you,” he said. “I’m just a basketball player. Put me with any lineup, I’m gonna be me. I’m gonna cut, I’m gonna shoot some shots, I’m gonna play defense. No matter what unit I’m with, that’s who I am and what I’m going to continue to be.”
There was a lot of talk in the national media this week about the Knicks’ need for a star player, but Steve Popper of Newsday doesn’t believe anyone who might currently be available would make a difference. He questions how Chicago’s Zach LaVine or DeMar DeRozan or even Minnesota’s Karl-Anthony Towns would get their normal usage rate with the current roster in New York.

New York Notes: Brunson, Grimes, Barrett, Sharpe, Simmons

December 9th, 2023 at 8:29am CST by Dana Gauruder

The Knicks made a lineup change by choice on Friday. They may need to make another out of necessity.

Jalen Brunson turned his ankle in the final minute of the Knicks’ 10-point loss to Boston when he stepped back with his left foot and landed on Celtics guard Payton Pritchard, according to The New York Post’s Stefan Bondy.

The game was already decided but coach Tom Thibodeau said he didn’t regret having starters on the court at the time. No details emerged after the game about the severity of Brunson’s injury.

We have more from the New York teams:

Quentin Grimes had 13 points in 19 minutes after being replaced in the lineup by Donte DiVincenzo, who was limited to six points in 22 minutes. Grimes believes, after meeting with Thibodeau, that coming off the bench could be the best thing for him, Bondy writes. “He kind of let me know to try to get me a better rhythm, get me in a better flow, try to get me how I was playing last year,” Grimes said. “He felt like it was the best thing to do and I agree with him. It’s a good thing. I’ll definitely have the ball more, knowing I’m going to get more opportunities. It could be a better situation for me.”
RJ Barrett, responding to comment by TNT analyst Kenny Smith that the Knicks never have the best player of the court when facing the East’s elite, said the team doesn’t need to make a blockbuster trade. “First, we were never going to be good. Now, we’re good, and now, we’re not good enough,” Barrett said, per Bondy. “I think we do, for not having the best player, we do very well for ourselves.”
Nets big man Day’Ron Sharpe had his most productive outing this season in a blowout win over Washington on Friday with 15 points, 11 rebounds and four assists in 20 minutes. Sharpe, a third-year player on a rookie deal, isn’t lacking for confidence. “Nobody can really stop me on the glass, for real. Just realizing I’m a dog on the glass. I’m going to go at you every play and you’re gonna have to stop me every play,” Sharpe told Brian Lewis of the New York Post. “I just know that if the big guy is gonna block it, more as likely it’s a little guy trying to box me out, and he’s ain’t gonna box me out. So you’re gonna need about three dudes to hit me, and I’m still gonna get the board then.”
Ben Simmons is feeling better after getting an epidural injection for his lower back and the Nets guard has moved to the next stage of his rehab, agent Bernie Lee told Lewis. “It definitely has helped. And just like time and progression has helped him as well,” Lee said. “He’s been doing well, slowly taking steps. He’s starting to move around a little bit now. He’s starting to be able to run on some underwater treadmill stuff. So he’s starting to get around and move.”

Injury Notes: Mobley, Embiid, Brunson, Little, O. Porter

December 8th, 2023 at 10:26pm CST by Rory Maher

Cavaliers big man Evan Mobley missed his first game of the 2023/24 season on Friday due to left knee soreness. The third-year forward/center also didn’t participate in the team’s shootaround, according to Chris Fedor of Cleveland.com (subscriber link), who reports that Mobley could miss multiple games with the injury, though that depends on how he responds to treatment.

The Cavs’ next game is Monday in Orlando, so Mobley will have a couple more days to determine how he’s feeling, Fedor notes. Forward Dean Wade started in Mobley’s place during Friday’s victory in Miami.

Here are some more injury notes from around the NBA:

Reigning MVP Joel Embiid will be reevaluated on Saturday after sustaining a left leg injury in the Sixers‘ victory over Atlanta on Friday, tweets Mike Vorkunov of The Athletic. Embiid grabbed at his knee after falling on a drive, Vorkunov adds, but he was able to play through it while favoring his left leg.
Knicks guard Jalen Brunson sustained an injury to his lower left leg after stepping on Payton Pritchard‘s foot with 21 seconds remaining and the Knicks down 12 to Boston, per New York Basketball (Twitter video link). The team’s leading scorer was able to head to the locker room under his own power, but had a noticeable limp. Head coach Tom Thibodeau said he didn’t regret having Brunson in the game, despite the loss being all but guaranteed (Twitter link via Stefan Bondy of The New York Post). Brunson didn’t speak to the media afterward, tweets Steve Popper of Newsday.
Suns wing Nassir Little took a hard fall in the first quarter of Friday’s contest vs. Sacramento and appeared to be woozy after the incident, according to Duane Rankin of The Arizona Republic (Twitter link). Little was later ruled out of the remainder of the contest, as he’s being evaluated for a concussion. He could be sidelined for multiple games if he did indeed sustain a concussion.
Raptors forward Otto Porter Jr. exited Friday’s game with a left foot contusion. As Josh Lewenberg of TSN.ca observes (via Twitter), that’s the same foot that caused Porter to miss most of last season after he had surgery. This injury hopefully isn’t serious, however, as X-rays were negative, per Blake Murphy of Sportsnet.ca (Twitter link).

DiVincenzo Replacing Grimes In Knicks’ Starting Lineup

December 8th, 2023 at 5:26pm CST by Rory Maher

Knicks head coach Tom Thibodeau played coy ahead of Friday’s matchup in Boston, saying there “could be” lineup changes in store (Twitter link via Steve Popper of Newsday).

However, Fred Katz of The Athletic reports (via Twitter) that Donte DiVincenzo will start at shooting guard in place of Quentin Grimes. Stefan Bondy of The New York Post confirms the news (Twitter link).

It’s a noteworthy development for multiple reasons. Grimes has been struggling lately, scoring just 16 points on 5-of-28 shooting over his last seven games, and he expressed frustration with his limited role in the team’s offense following Tuesday’s in-season tournament quarterfinal loss to Milwaukee.

“It’s just hard when you go the whole quarter without touching the ball, the whole second quarter without touching the ball, and then you get one shot and you got to make it,” Grimes said. “So it’s tough going out there and just standing in the corner the whole game. Then you got to make the shot when you shoot the ball one or two times per game. It is what it is.”

DiVincenzo, on the other hand, has been on a heater of late, averaging 11.4 points while shooting 51.8% from three-point range over his past nine contests, including a pair of starts when Grimes was injured. DiVincenzo was New York’s primary offseason addition, signing a four-year, $47MM contract to join the Knicks in free agency.

Grimes, 23, was the 25th pick of the 2021 draft. Known as a solid defender, he averaged 11.3 points, 3.2 rebounds and 2.1 assists on .468/.386/.796 shooting in 71 games last season (66 starts, 29.9 minutes). In ’23/24, his numbers are down across the board — he has posted 5.8 PPG, 1.3 RPG and 1.2 APG on .359/.345/.667 shooting in 18 games, all starts (22.9 MPG).

Part of the reason Grimes is playing fewer minutes is due to the team’s crowded wing rotation, with RJ Barrett, Immanuel Quickley and Josh Hart also in the mix. And he’s not the only player who has shown a level of frustration with a reduced role — Hart made similar comments last week, though he made a point to say he wasn’t a “disgruntled player.”

It will be interesting to see how the situation unfolds. Perhaps Grimes will have more on-ball opportunities with the second unit, with Katz recently suggesting the third-year guard could look to be more active off the ball too.

Knicks Notes: Trade Rumors, Towns, Quickley, Grades

December 8th, 2023 at 11:04am CST by Luke Adams

Although the Knicks have conveyed to potential trade partners that they want to acquire a star, they don’t expect one to become available during the 2023/24 season, Fred Katz writes for The Athletic.

Katz, like Ian Begley of SNY.tv, has heard from league sources that New York hasn’t expressed any serious interest in Bulls scorers Zach LaVine and DeMar DeRozan, who are presumably a tier or two below the level of player the Knicks would ideally like to land in any major trade. Sixers center Joel Embiid is one example of the kind of star who would interest New York’s front office, but Philadelphia’s success this season has reduced the likelihood that the Knicks will get a chance to make a play for Embiid anytime soon, Katz notes.

At this time last year, the Knicks had already been in touch with some teams to gauge Immanuel Quickley‘s potential trade value, but things have been quiet so far this season, Katz continues. Still, some people within the Knicks’ front office believe a “too-many-guys situation could be brewing,” sources tell The Athletic, so a consolidation trade at some point this season is a possibility.

Here’s more on the Knicks, including some additional trade-related chatter from Katz:

The Knicks checked in on Karl-Anthony Towns earlier this season, but didn’t make an offer for the Timberwolves big man and haven’t made a “serious run” at him in recent years, Katz writes. Towns has frequently been cited as a possible trade target for the Knicks due to his connections to executives Leon Rose (a former CAA agent) and Gersson Rosas (Minnesota’s former head of basketball operations), but the Wolves are off to a 16-4 start and presumably won’t be looking to make significant roster changes.
Teams around the NBA are curious to see how the Knicks will handle Quickley, who will be a restricted free agent in 2024, says Katz. According to Begley, when Quickley and the Knicks talked about a rookie scale extension prior to the season, the two sides couldn’t agree on the structure of a potential deal. They didn’t discuss incentives, but at least one offer made by New York included a team option on the final season, Begley adds. Just two of the 14 players who signed rookie scale extensions this year – Isaiah Stewart and Cole Anthony – agreed to deals that included team options.
Stefan Bondy of The New York Post (subscription required) hands out his grades for the first quarter of the 2023/24 season, awarding Jalen Brunson an A and giving both Quickley and Julius Randle a B-plus. Josh Hart (C-minus) and Quentin Grimes (D-minus), who have voiced concerns about their respective roles, didn’t fare as well.