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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

Sixers' Bench Comes To Life In First Win Of Season

October 25th, 2022 at 10:29am CST by Luke Adams

After averaging an NBA-low 11.3 bench points in their first three games (all losses), the Sixers got 36 points from their reserves in their first win of the season over Indiana on Monday, as Joel Embiid and James Harden worked to get the bench players involved, writes Rich Hofmann of The Athletic.

Sixers Notes: Defense, Bench, Embiid, Brown

October 23rd, 2022 at 8:56am CST by Arthur Hill

The Sixers thought their offseason moves would make them a title contender, but they haven’t looked the part through the first week of the season, writes Keith Pompey of The Philadelphia Inquirer. After opening with losses to the Celtics and Bucks, Philadelphia dropped to 0-3 on Saturday by falling at home to the rebuilding Spurs.

“I’m happy that we are going through this right now,” said James Harden, who admits that “everything” needs to be addressed. “We don’t have fool’s gold. We got to work through it. We gotta figure it out on both ends. Realistically, it’s a good thing for us.”

The most obvious issues have been on defense, which the Sixers focused on upgrading this summer. Pompey cites a lack of intensity on that end of the court and an inability to stay in front of wing players. Devin Vassell, Keldon Johnson and Doug McDermott all had big games Saturday as the Spurs shot 48.3% from the field, including 42.1% on three-pointers.

“We do have to give them credit. They made tough shots,” Tobias Harris said. “But on our part, that’s not the standard of defense that we hold ourselves to.”

There’s more from Philadelphia:

The Sixers aren’t getting enough production from their bench, Pompey adds. Their reserves were outscored by San Antonio’s, 40-10, with Georges Niang contributing eight of those points. Montrezl Harrell, De’Anthony Melton, Danuel House and Matisse Thybulle shot a combined 1-of-6. Pompey notes that Thybulle gives the team a stronger defensive presence, but he has barely been used so far this season.
Joel Embiid dealt with plantar fasciitis this summer that affected his ability to train, tweets Sixers reporter Derek Bodner. Embiid said it began to affect him during team workouts in July, and it reached a point where he couldn’t walk. “Coming into training camp I hadn’t done anything in like two months, so it really slowed me down,” he said. “Still trying to work my way back and hopefully everything goes back to normal.”
Former Sixers coach Brett Brown was back in Philadelphia on Saturday for the first time since getting fired in 2020, Pompey adds in a separate story. After being out of the NBA for two years, Brown rejoined the Spurs’ coaching staff in June. “He meant a lot,” Embiid said. “Obviously, he started the whole thing and things didn’t work out the way they should have. But he did a great job and he’s one of the reasons why we’re in this position.”

Injury Notes: Garland, Embiid, Curry, J. Murray, More

October 21st, 2022 at 8:26pm CST by Rory Maher

Cavaliers point guard Darius Garland, a first-time All-Star last season, has been ruled out of Saturday’s game at Chicago due to his eye injury, according to Chris Fedor of Cleveland.com (Twitter links). Garland didn’t travel with the team and the “current feeling” is that Garland is “improbable” to play in Cleveland’s home opener on Sunday against Washington, Fedor adds.

Garland suffered a lacerated eyelid when he was inadvertently poked in the eye by Gary Trent Jr. in the second quarter of the Cavs’ 108-105 loss to the Raptors on Wednesday. Fedor reported on Thursday that Garland does not have structural damage and won’t require surgery.

Here are some more injury-related notes from around the NBA:

Sixers head coach Doc Rivers says that Joel Embiid‘s conditioning was impacted by plantar fascitiis during the offseason, as Noah Levick of NBC Sports Philadelphia relays. “He had a little plantar fasciitis before the season started — before training camp — and that took him off his conditioning program,” Rivers said. “And so he’s back on that. But listen, he’s playing with the right intentions. He just didn’t play well, and that’s OK, too. That’s going to happen. We’ve still got to win those games.” The Sixers dropped their first two games of the season, with Embiid looking pretty sluggish. Rivers reiterated that Embiid is no longer dealing with the injury, but needs to regain his rhythm and conditioning.
Guard Seth Curry (offseason ankle surgery) is likely to travel with the Nets for their two-game road trip next week, but “probably” needs more practice time before he returns to action, head coach Steve Nash said on Friday (Twitter link via Brian Lewis of The New York Post).
Nuggets guard Jamal Murray, who played his first regular season game on Wednesday since suffering a torn ACL in April 2021, is out for Friday’s game against the Warriors, head coach Michael Malone told reporters (Twitter links via Kendra Andrews of ESPN). According to Andrews, Malone said the Nuggets are resting Murray because Friday is the first of a back-to-back. However, that might not be the case for the entire season, Malone added.
No. 4 overall pick Keegan Murray will make his debut on Saturday against the Clippers after being a full participant in Friday’s practice, a source tells ESPN’s Marc J. Spears. Murray was fully cleared by the Kings after exiting the health and safety protocols, Spears writes.
Dillon Brooks (left thigh soreness) and Ziaire Williams (right knee soreness) missed their second consecutive games for the Grizzlies on Friday, the team announced (via Twitter). Memphis won its opener against New York and defeated Houston in game two.

And-Ones: Breakout Candidates, Wembanyama, Thornwell

October 21st, 2022 at 12:36pm CST by Luke Adams

Michael Scotto of HoopsHype polled 20 NBA executives on their top three breakout candidates for the 2022/23 season and found that Sixers guard Tyrese Maxey was the most popular pick. While I’d argue that last season represented a breakout year for Maxey, some executives have far higher expectations for him going forward.

“Maxey’s going to be better than James Harden,” one general manager said to Scotto. “He just keeps getting better and better and will be a huge reason why they have success this season.”

Pacers guard Tyrese Haliburton, Timberwolves guard Anthony Edwards, Magic forward Franz Wagner, and Rockets guard Jalen Green were among the other popular breakout picks, based on the responses Scotto got from executives. Interestingly, Warriors big man James Wiseman and Pistons forward/center Marvin Bagley III were each picked as this year’s top breakout candidate by one GM.

Here are a few more odds and ends from around the basketball world:

In his latest look at the top prospects in the 2023 NBA draft class, David Aldridge of The Athletic passes along several entertaining quotes from NBA executives, including one Eastern Conference exec’s response to whether Scoot Henderson could surpass Victor Wembanyama as next year’s No. 1 pick: “Scoot’s good, but, no. Short of Wembanyama having murdered somebody, there’s just no way.”
Veteran guard Sindarius Thornwell has signed with Frutti Extra Bursasport, the Turkish team announced this week (via Twitter). Thornwell has appeared in 160 total NBA games and played for New Orleans and Atlanta in 2020/21, but wasn’t in the league last season.
Longtime NBA referee Tony Brown, who officiated over 1,100 games, including one in the 2020 NBA Finals, passed away on Thursday after a fight with pancreatic cancer, according to his family (story via ESPN.com).

Harden Feels Rejuvenated; Rubin Sells Stake In Sixers

October 21st, 2022 at 10:02am CST by Luke Adams

As expected, Fanatics CEO Michael Rubin has sold his 10% stake in the Sixers, according to Adrian Wojnarowski of ESPN, who says that 76 Devcorp chairman David Adelman bought a “substantial” share of that stake. Adelman’s real estate development company is working on a plan to build a new 76ers arena in downtown Philadelphia, Wojnarowski adds.

After a “workaholic” summer in the gym, Sixers star James Harden feels rejuvenated, he told reporters on Thursday, per Tim Bontemps of ESPN. Hampered by a hamstring issue last season, Harden has looked like his old self after signing a new contract with Philadelphia this summer, averaging 33.0 PPG, 8.0 APG, and 8.0 RPG on 57.9% shooting in two games against tough defenses (Boston and Milwaukee).
As expected, Fanatics CEO Michael Rubin has sold his 10% stake in the Sixers, according to Adrian Wojnarowski of ESPN, who says that 76 Devcorp chairman David Adelman bought a “substantial” share of that stake. Adelman’s real estate development company is working on a plan to build a new 76ers arena in downtown Philadelphia, Wojnarowski adds.

Sixers Feel Embiid's Supporting Cast Is Top Notch

October 20th, 2022 at 5:41pm CST by Dana Gauruder

The Sixers lost to the Celtics in their opener but they see a long playoff run in their future, Tim Bontemps of ESPN writes. They believe they have more talent around superstar Joel Embiid than ever before, due to the front office’s moves this offseason.

“There’s no weak links around the horn,” said P.J. Tucker, the Sixers’ top free agent acquisition. “You want to [pick on] somebody? Go ahead. We got everybody.”

Atlantic Notes: Thybulle, Morey, Siakam, VanVleet, Mazzulla

October 19th, 2022 at 8:27am CST by Luke Adams

Sixers swingman Matisse Thybulle wasn’t actively involved in extension negotiations with the team leading up to the season, letting his representatives handle those discussions, as Keith Pompey of The Philadelphia Inquirer writes. Thybulle, who didn’t sign a new deal by Monday’s deadline and is now on track to reach restricted free agency in 2023, is OK with playing out his contract year.

“It’s not my negotiations,” he told Pompey. “So I trust my agents. If it wasn’t the right time, then I trust that it will be when we get to the next offseason.”

Here’s more from around the Atlantic:

In a fascinating profile for The Ringer, Kevin O’Connor takes a deep dive into Daryl Morey, sharing several behind-the-scenes anecdotes about the Sixers‘ president of basketball operations and examining his ongoing quest for a championship. Within the story, star center Joel Embiid takes a veiled shot at former 76ers executive Bryan Colangelo, telling O’Connor, “Since I’ve been here, all of the GMs were really smart, except one.”
The Raptors didn’t work out extensions this offseason with either Pascal Siakam or Fred VanVleet, prompting Michael Grange of Sportsnet.ca to wonder if the team will end up regretting that, given the NBA’s rapidly rising salary cap. While Siakam can’t sign a new deal until next July now that Monday’s deadline has passed, VanVleet remains eligible for an in-season extension (if he declines his 2023/24 player option), but that seems like a long shot.
Joe Mazzulla, thrust into the Celtics‘ head coaching job less than a month ago after Ime Udoka was suspended for the season, looked ready for the big stage in Boston’s opening night victory over Philadelphia, writes Jared Weiss of The Athletic. “From the start of the game, his confidence, you could see, is oozing out,” guard Marcus Smart said. “Usually, most coaches are trying to figure things out, and he comes right in like he’s doing it for years.” Jaylen Brown agreed with Smart’s assessment: “Joe is tough as nails. Even when in the midst of everything, all the turmoil, when you looked into his eyes, you could tell he was ready.”

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.

Atlantic Notes: Sixers, Raptors, Brunson, Begarin

October 16th, 2022 at 5:00pm CST by Luke Adams

After converting Michael Foster Jr. to a two-way deal, the Sixers have an opening on their 15-man roster, and it sounds like the team doesn’t plan to fill that opening right away.

“We believe there’s a lot of guys out there that may become available,” Sixers head coach Doc Rivers said (Twitter link via Keith Pompey of The Philadelphia Inquirer). “We wanted to make sure we had a spot.”

Even if Philadelphia doesn’t end up finding a free agent or trade target to fill that 15th spot anytime soon, keeping it open will allow the team to maximize its financial flexibility. The Sixers are a few million dollars below their hard cap and have a chance to duck out of luxury tax territory altogether if they trim a little salary during the season.

Here’s more from around the Atlantic:

The chances of Fred VanVleet or Pascal Siakam signing a contract extension with the Raptors before the regular season begins appear slim, according to Doug Smith of The Toronto Star (Twitter link). VanVleet could still negotiate an in-season extension if he turns down his 2023/24 player option, whereas Siakam would be ineligible to sign an extension until next summer if he doesn’t receive one by opening night.
In a full story for The Toronto Star, Smith writes that Justin Champagnie earned the Raptors‘ 15th roster spot almost by default. Champagnie was sidelined for most of the preseason due to a hip injury, but the other challengers – D.J. Wilson, Josh Jackson, and Gabe Brown – didn’t do much in training camp or the preseason to stand out and seize the final regular season roster spot.
Newly added free agent point guard Jalen Brunson has been everything the Knicks could’ve hoped for so far, according to Zach Braziller of The New York Post, who writes that Brunson’s selfless play seemed to be rubbing off on the other starters during the preseason. “It’s clear as day the impact he’s had on the team,” head coach Tom Thibodeau said.
Former NBA assistant Will Weaver, who is now coaching Paris Basketball in France, loves what he has seen from Celtics draft-and-stash prospect Juhann Begarin so far this fall, according to Johnny Askounis of Eurohoops. “We all witnessed it today,” Weaver said on Sunday after Begarin scored 28 points in a loss to AS Monaco. “Juhann Begarin is an NBA player. He can make an impact in Boston.” The Celtics drafted Begarin with the 45th overall pick in 2021 and continue to hold his NBA rights.

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