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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.

Kings Notes: Physicality, Len, Fox, Monk, Giles

December 13th, 2023 at 12:07pm CST by Luke Adams

Although the Kings have lost nine games so far this season, those losses have come against just four separate teams. Sacramento has lost to Pelicans three times and the Clippers, Warriors, and Rockets twice apiece — Tuesday’s defeat at the hands of the Clippers was the second time in two weeks that the Kings have fallen to L.A.

Speaking on Tuesday to reporters, including Jason Anderson of The Sacramento Bee, head coach Mike Brown suggested that the Kings’ record so far indicates his club struggles to match up with the length and physicality of bigger teams.

“Houston’s big,” Brown said. “New Orleans is big. The Clippers are big, and obviously they’re different because some of them have scoring at four or five positions, but it’s about the level of physicality that our opponents have brought to the game when it comes to the common denominator for the losses.”

Besides being disappointed with the lack of physicality and grit his team showed on Tuesday, Brown was also perturbed by his players’ focus on addressing issues on the offensive end rather than prioritizing getting defensive stops.

“At the end of the first half, they shot 60% from the floor and scored 70 points, and throughout that whole first half, coming from our players, it’s ‘Hey, we’ve got to swing the ball. We’ve got to do this offensively. We’ve got to do that offensively,'” Brown said. “That can’t be our mindset, not when a team’s shooting 60% from the floor and scoring 70 points on you and getting 32 points in the paint in one half. Your mindset has to be: Somebody has to get a stop.”

Here’s more on the Kings:

Reserve center Alex Len, who is recovering from a high right ankle sprain, has resumed on-court activities but isn’t running or jumping yet, he tells Anderson of The Sacramento Bee. The team initially announced on November 17 – nearly four weeks ago – that Len was expected to be sidelined for six-to-eight weeks, so his return is still a little ways off.
De’Aaron Fox reportedly turned down a two-year, maximum-salary extension offer from the Kings prior to the season in the hopes of landing a more significant payday in a year or two. So what might his next deal look like? Keith Smith of Spotrac digs into that topic, exploring a few different scenarios that depend on whether or not Fox qualifies for a super-max contract.
Kings guard Malik Monk was hit with a $2,000 flopping fine for a play that took place in Monday’s win over Brooklyn, per the NBA (Twitter link). The video of the play can be found right here.
Monday’s return to Sacramento was a “dream come true” for former first-round pick Harry Giles, writes Brian Lewis of The New York Post. Now a member of the Nets, Giles spent his first three years in the NBA with the Kings and said he misses the fans in Sacramento. “I don’t know what it is. It just feels like home. It feels like we’ve known each other forever,” Giles told Anderson of The Bee. “Some people are just meant for you. Sacramento fans are meant for me and I’m meant for them. That’s a mutual thing we have in common. I feel like I’m from here almost.”

Charania’s Latest: Siakam, Bulls, Tucker, Vincent, Morant, Grizzlies

December 11th, 2023 at 11:02am CST by Arthur Hill

Rival teams believe Pascal Siakam is the most likely player to be traded if the Raptors decide to break up their core, according to Shams Charania of The Athletic.

Charania identifies the Hawks, Kings and Pacers as “expected suitors” for either Siakam or OG Anunoby. Atlanta had “intense conversations” with Toronto during the offseason about a potential Siakam deal, and Sacramento and Indiana have both reached out to the Raptors about his availability over the past year, according to Charania. However, he adds that the Kings are becoming more confident that they can develop into a contender with their current roster and may be less likely to pursue a major trade.

Both players are headed toward free agency next summer, with Siakam on a $37.9MM expiring contract and Anunoby holding a $19.9MM player option for 2024/25 that he’s virtually certain to decline. Toronto’s front office might be more aggressive about seeking a trade after losing free agent Fred VanVleet this offseason, but a rival executive tells Charania to expect “a game of chicken” from the Raptors all the way to the deadline.

Charania offers an inside look at several other teams:

The Bulls have won four straight games without Zach LaVine, but his injury setback is expected to slow down any progress toward a trade. Charania identifies the Lakers and Sixers as potential destinations, but adds that both teams are being patient while considering their options. Several teams have called about Alex Caruso, league sources tell Charania, but Chicago’s front office has no interest in moving him.
P.J. Tucker is unhappy with his current situation, and the Clippers are working with him to resolve it, either by giving him a larger role or moving him elsewhere, according to Charania. Tucker, who came to L.A. in the James Harden trade, hasn’t played since November 27 and is mainly serving as a mentor to the team’s younger players. Charania hears that multiple contenders are keeping an eye on Tucker’s potential availability.
The Lakers could have Gabe Vincent back on the court by next Monday, sources tell Charania. After signing as a free agent this summer, Vincent has been dealing with a left knee effusion that has limited him to four games.
Grizzlies guard Ja Morant “looks good” as he prepares to return from his suspension, according to Charania’s sources. Commissioner Adam Silver said over the weekend that Morant “has complied with everything he’s been asked to do.” He could be cleared to return as early as December 19 for a game at New Orleans.
The Grizzlies will have to remove someone from their roster when Morant is reinstated, and they would prefer to keep veteran center Bismack Biyombo, according to Charania. Memphis signed Biyombo to a one-year, $5MM contract after an injury sidelined Steven Adams for the season, and he has been a capable fill-in, averaging 6.1 points, 7.0 rebounds and 1.25 blocks in 15 games. Sources tell Charania that Memphis has been active in trade talks around the league involving other players on its roster.

Pacers Notes: Haliburton, Turner, Trade Options, J. Smith

December 8th, 2023 at 7:24am CST by Rory Maher

One of the highlights of the NBA’s new in-season tournament has been the emergence of Pacers point guard Tyrese Haliburton, who has taken his game to new heights under the bright glare of the national spotlight. After defeating the favored Celtics in the quarterfinals on Monday, Indiana dispatched the Bucks — another Eastern contender — in the semifinals on Thursday to earn a spot in Saturday’s final, writes Dustin Dopirak of The Indianapolis Star.

“Tyrese is just one of those transcendent players that with him on the court, anything is possible,” head coach Rick Carlisle said.

Haliburton’s impact on the franchise has been “rejuvenating,” according to Myles Turner, who was dissatisfied with his role in Indiana prior to the six-player February 2022 trade that sent Domantas Sabonis to Kings and Haliburton to the Pacers. Nearly two years later, Turner says that blockbuster deal with Sacramento was a win-win for the two franchises, though he gives the edge to Indiana, per Sam Amick of The Athletic.

“I think we won the trade personally, but I’m biased of course,” Turner told Amick. “I think it was mutually beneficial. (Kings guard De’Aaron) Fox got something that he needed, and I got the point guard that I needed.”

Here’s more on the Pacers:

Trading for Haliburton in February 2022 convinced Indiana to cater to his strengths by playing at an extremely fast pace, per Wes Goldberg of RealGM. “Coach allows my personality and who I am as a player to flow into our offense,” Haliburton said. “We lead the league in assists and that starts with me, but I think it’s everybody sharing the ball and wanting to see others succeed.” The Pacers currently have the top offense in the league, Goldberg notes.
Haliburton hopes to emulate Giannis Antetokounmpo, whose presence in Milwaukee put the Bucks in a better position to attract stars to a non-marquee market, ESPN’s Adrian Wojnarowski said on Thursday’s broadcast (Twitter video link). “As Haliburton said to me, ‘I’m going to get you shots, I’m going to make life easy for you, and we are going to win,'” Wojnarowski said. “And that is really Haliburton’s mission right now, is to use this tournament – use this season – to start making the case to star players around the league, ‘Come play with me in Indiana.'”
According to Wojnarowski, Pacers president of basketball operations Kevin Pritchard has shown interest in players like Raptors forwards Pascal Siakam and OG Anunoby within the last year. Indiana has the NBA’s lowest payroll this season, with plenty of moveable draft assets, and could have maximum-salary cap room in 2024, notes ESPN’s Bobby Marks (Twitter link), so roster upgrades are possible. Still, one Pacers staffer who spoke to Jake Fischer of Yahoo Sports wondered if “this experiment is too fresh and too positive to mess with its current chemistry,” Fischer writes.
Jalen Smith, who has been battling a left knee bone bruise, will remain sidelined through Saturday’s final, Dopirak tweets. Carlisle said Smith has been limited to light running to this point. The 23-year-old backup center is having a strong season, averaging 10.0 points and 5.5 rebounds while shooting 70.7% from the field through 14 games (15.4 MPG), and he could hit free agency in 2024 if he declines his $5.4MM player option for next season.

Luke Adams contributed to this post.

Kings Offered De’Aaron Fox Extension Before Season

December 6th, 2023 at 10:56am CST by Luke Adams

The Kings offered guard De’Aaron Fox a two-year, maximum-salary extension prior to the start of the 2023/24 season, according to Chris Haynes of TNT and Bleacher Report. Haynes discussed the offer on the latest episode of his #thisleague UNCUT podcast with Marc Stein.

As Haynes outlines, since Fox had three guaranteed years left on his current contract entering this season, a two-year extension was the best offer Sacramento could make when he became eligible for a new deal over the summer. However, the Kings recognized the guard likely wouldn’t sign a new agreement at this time and weren’t bothered by the fact that he passed on their offer, Haynes adds.

Fox is one of several players who can become eligible for a super-max contract extension by making an All-NBA team in 2024. That’s one important reason why it makes sense for him to wait on his next deal, especially since an All-NBA spot is hardly a far-fetched goal for the Kings star — he made the Third Team this past spring and has increased his scoring average this fall to a career-best 30.3 points per game through 14 contests (36.6 MPG).

If Fox qualifies for a super-max extension, he would be eligible to sign a contract that begins at up to 35% of the salary cap (instead of 30%). In that scenario, he would also be permitted to sign for six total years (instead of five), which means he could add four years to the two still left on his current deal.

The exact value of the two-year extension the Kings offered is unknown, as is the value of a hypothetical super-max extension, since either deal would start in 2026/27 and would be based on a percentage of that season’s cap. However, the gap between the two would be significant. If we were to assume a $160MM cap for ’26/27, a super-max offer would be worth nearly $251MM over four years, whereas the two-year extension Sacramento proposed prior to this season would be worth about $100MM.

Fox isn’t permitted to sign a new deal between now and June 30, since he’s not on an expiring contract, but he’ll become extension-eligible again next July, regardless of whether or not he meets the super-max criteria.

While Haynes and Stein stress that Fox and the Kings are interested in a long-term partnership, it will be interesting to see if the two sides reach an extension agreement next summer if the guard doesn’t make an All-NBA team. Fox, who will turn 26 next month, would have another opportunity to qualify for a super-max contract by earning an All-NBA spot in 2025 if he doesn’t sign a new contract during the ’24 offseason.

Tournament’s Final Four Set, Regular Season Schedule Finalized

December 6th, 2023 at 7:08am CST by Luke Adams

The Bucks and the Lakers earned quarterfinal victories on Tuesday night, joining the Pacers and Pelicans as the final four teams that will head to Las Vegas to compete for the championship in the NBA’s first-ever in-season tournament.

Milwaukee pulled away from New York in the second half in Tuesday’s early game, with superstars Giannis Antetokounmpo and Damian Lillard combining for 63 points in the 146-122 victory.

In the late game, the Lakers benefited from a generous timeout call in the closing seconds (Twitter video link) and eked out Phoenix in a 106-103 nail-biter, led by LeBron James‘ 31 points, 11 assists, eight rebounds, and five steals.

The schedule for Thursday’s semifinals at T-Mobile Arena is as follows:

Milwaukee Bucks vs. Indiana Pacers (4:00 pm Central time)
Los Angeles Lakers vs. New Orleans Pelicans (8:00 pm CT)

The winners of those semifinal matchups will square off in the in-season tournament final at T-Mobile Arena on Saturday at 7:30 pm CT.

Players on standard contracts with the Bucks, Pacers, Lakers, and Pelicans have now secured bonuses worth at least $100K (two-way players will earn half that amount). A semifinal victory would increase those bonuses to at least $200K, while the champs will earn $500K apiece.

The Celtics, Knicks, Kings, and Suns, meanwhile, will come away with bonuses worth $50K per player for making the knockout round, but won’t get the opportunity to head to Vegas for the tournament’s final stage.

Instead, the Knicks will travel to Boston on Friday, while the Kings will visit Phoenix on the same night. Those newly added regular season contests represent the 82nd game on each team’s schedule. Thursday’s semifinals will also count toward the NBA’s regular season standings, but Saturday’s final won’t, since that will be the 83rd game on those teams’ schedules.

Pacific Notes: Johnson, Paul, Wiggins, Reddish, Plumlee

December 5th, 2023 at 8:35pm CST by Dana Gauruder

The Kings‘ NBA G League affiliate, the Stockton Kings, are trading for the rights to forward Stanley Johnson from the Sioux Falls Skyforce, the Heat‘s affiliate, Michael Scotto of HoopsHype tweets.

Johnson had auditions with Golden State and Phoenix during the offseason but was unable to get a contract offer. Johnson has played for five organizations since being picked in the lottery by Detroit in 2015. He saw action in 30 games off the bench for the Spurs last season.

The Kings have an open roster spot, so this could be an opportunity for Johnson to work his way back into the NBA.

We have more from the Pacific Division:

Chris Paul and Andrew Wiggins are probable to play on Wednesday against Portland, according to Warriors coach Steve Kerr. Both participated in practice on Tuesday, Kendra Andrews of ESPN tweets. Paul has been out since Nov. 28 due to a lower leg injury. Wiggins has also missed the last two games due to a finger injury.
Cam Reddish has endured a rocky start to his NBA career but he’s flourishing with the Lakers as a hustle player, Dave McMenamin of ESPN writes. He’s become a favorite among fans and teammates alike. “Cam is great,” LeBron James said. “He has a knack for just being around the ball, getting deflections. I guarantee in the minutes that he’s played, he’s probably one of the league leaders in deflections, steals. Anything around the ball, he’s just really good.” Reddish was averaging 23.7 minutes in 17 games, including 10 starts, heading into Tuesday’s tournament quarterfinal.
Mason Plumlee has a long way to go before returning to action, Andrew Greif of the Los Angeles Times tweets. The Clippers big man isn’t practicing 5-on-5 or running full speed yet as he rehabs from a knee injury. Plumlee, who is on a one-year, $5MM deal, hasn’t played since Nov. 6.

Injury Notes: Grant, Simons, Duarte, Hachimura, Wolves

December 4th, 2023 at 4:16pm CST by Rory Maher

Trail Blazers forward Jerami Grant has been placed in the NBA’s concussion protocol, Portland announced on Monday (via Twitter). Grant sustained the injury during the fourth quarter of Saturday’s game against Utah and did not return, per the team.

Grant, who re-signed with Portland on a five-year, $160MM contract over the summer, is averaging 22.2 points, 3.8 rebounds and 2.2 assists on .437/.412/.830 shooting in 19 games this season.

In other injury news for the Blazers, guard Anfernee Simons is nearing a return, tweets Sean Highkin of the Rose Garden Report. Simons, who has been out since Oct. 25 after tearing a ligament in his thumb and undergoing surgery, practiced on Monday and is considered day-to-day, according to Highkin.

Here are some more injury notes from around the league:

Kings wing Chris Duarte will miss Monday’s in-season quarterfinal matchup against New Orleans due to knee soreness, league sources tell Sean Cunningham of Fox 40 KTXL (Twitter link). It will be the second straight absence for the former first-round pick, who is averaging 4.7 points and 2.0 rebounds in 15.1 minutes in his first season with Sacramento.
Lakers forward Rui Hachimura was cleared for Saturday’s contest against Houston, but head coach Darvin Ham opted to be cautious and held him out after he missed a week due to nasal fracture surgery. “In all likelihood” Hachimura will play in Tuesday’s quarterfinal against the Suns, Ham said on Monday (Twitter link via ESPN’s Dave McMenamin). Hachimura practiced today while wearing a face mask and he thinks he’ll be ready tomorrow, tweets Jovan Buha of The Athletic.
Timberwolves star Anthony Edwards was a partial practice participant on Monday and is day-to-day after missing the past two games with a hip injury, head coach Chris Finch told reporters, including Chris Hine of The Star Tribune (Twitter link). Jaden McDaniels (ankle sprain) did not practice and will not play this week, but the team is hopeful he might be able to practice next week, Finch added. As for Jordan McLaughlin, who has missed the past month with a knee sprain, he was a full practice participant and he could return as soon as later this week, according to Hine.

De’Aaron Fox, Julius Randle Named Players Of The Week

December 4th, 2023 at 2:11pm CST by Rory Maher

Kings guard De’Aaron Fox and Knicks forward Julius Randle have been named the NBA’s players of the week, the league announced (via Twitter). Fox won for the Western Conference, while Randle won for the East.

It’s the second weekly award thus far in 2023/24 for Fox, who led Sacramento to a 2-1 record last week. The 25-year-old averaged 31.7 points, 6.0 rebounds, 8.7 assists and 1.7 steals in his three games (38.7 minutes per night). The Kings host the Pelicans tonight in the quarterfinal of the league’s inaugural in-season tournament.

Randle, meanwhile, averaged 24.7 points, 13.3 rebounds and 7.3 assists in guiding New York to a perfect 3-0 record last week (36.0 minutes). As Tommy Beer tweets, Randle joins Jalen Brunson — who won two weeks ago — as the first pair of Knicks teammates to win the weekly award in the same season since 2012/13, when Carmelo Anthony and J.R. Smith were honored.

The Knicks will play the Bucks in Milwaukee on Tuesday for their quarterfinal matchup.

According to the NBA, Anthony Davis, Luka Doncic, Rudy Gobert, Karl-Anthony Towns, Nikola Jokic and Shaedon Sharpe were nominated in the West, while Giannis Antetokounmpo, Patrick Beverley, Mikal Bridges, Donovan Mitchell, Franz Wagner and Coby White were nominated in the East (Twitter links).

And-Ones: In-Season Tournament, Point Differential, Cole

December 3rd, 2023 at 10:59am CST by Arthur Hill

While most of the league has gotten back to business as usual, the eight teams that advanced in the NBA’s first-ever in-season tournament are focused on the knockout round and a trip to Las Vegas for the semifinals and title game, writes Tim Reynolds of The Associated Press. Single-elimination games will start Monday with the Pacers hosting the Celtics and the Pelicans meeting the Kings, and will continue Tuesday with Knicks-Bucks and Lakers-Suns matchups.

“I just want to make every appeal I can to our fans that we need the loudest building possible,” Indiana coach Rick Carlisle said. “To show you that no good deed goes unpunished, we draw the team with the best record in basketball. But we do get to play them at home. So that’s something important. We need our building to be as loud and raucous as it possibly can and we need to throw a game out there that’s exceptional.”

The new tournament falls at a perfect time on the NBA calendar, notes Sam Amick of The Athletic. It brings added stakes to numerous early-season games and ends six days before December 15, which marks the unofficial start of trading season as most free agents who signed during the summer become eligible to be dealt. Ten days later marks the Christmas Day showcase, which Amick points out is when much of the general public typically starts paying attention to the league.

There’s more from around the basketball world:

The NBA may have to address the point-differential issue before next year’s tourney, Amick adds in the same piece. Having it as the primary tie-breaker led to unusual strategy in several late-game situations on Tuesday, and Knicks guard Josh Hart said it “messes with the integrity of the game a little bit.” Warriors coach Steve Kerr, whose team needed a 13-point win at Sacramento to reach the final eight, talked with reporters before the game about a scenario where it might be advantageous to let the Kings force overtime and try to dominate the extra session. He also made it clear that he wouldn’t pursue that strategy. “I’ll let (commissioner) Adam Silver answer,” Kerr said. “He gets to decide what we should do. I don’t know. It’s a very interesting question.”
The Athletic’s NBA staff examines the most pressing concerns for all 30 teams, from the top of the league, where the Celtics have to be worried about frontcourt depth in light of Kristaps Porzingis‘ injury history, to the bottom, where the Pistons might be forced into upending their roster sooner than expected.
Veteran guard Norris Cole has joined the G League Ignite, tweets Marc J. Spears of Andscape. Cole, 35, won two titles with the Heat but has been out of the NBA since 2017.