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Forbes Releases 2021 NBA Franchise Valuations

February 10th, 2021 at 10:04am CST by Luke Adams

It has been an up-and-down 12 months for the NBA, which had to pause its operations for several months when its players first began testing positive for the coronavirus last March. Although the league was eventually able to play the 2020 postseason and is in the midst of its (slightly-abridged) 2020/21 regular season, fans still haven’t been able to return to arenas in many NBA cities, putting a major dent in projected revenues for the coming year.

Despite the financial challenges faced by many of the NBA’s teams, the overall value of those franchises continues to increase, according to a report from Kurt Badenhausen and Mike Ozanian of Forbes. While it’s the most modest year-over-year rise since 2010, Forbes estimates that average team values are up by about 4% from 2020.

The Knicks have become the first franchise to earn a $5 billion valuation from Forbes, with a league-high 9% increase in their value since last February. The Warriors, meanwhile, also saw their value rise by 9%, according to Forbes, surpassing the Lakers for the No. 2 spot on the annual report. The league-wide average of $2.2 billion per team in 2021 is a new record for Forbes’ valuations.

Forbes’ valuations are slightly more conservative than the ones issued by sports-business outlet Sportico last month — Sportico’s report featured an average team value of nearly $2.4 billion, with the Knicks, Warriors, and Lakers all surpassing the $5 billion threshold.

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

  1. New York Knicks: $5 billion
  2. Golden State Warriors: $4.7 billion
  3. Los Angeles Lakers: $4.6 billion
  4. Chicago Bulls: $3.3 billion
  5. Boston Celtics: $3.2 billion
  6. Los Angeles Clippers: $2.75 billion
  7. Brooklyn Nets: $2.65 billion
  8. Houston Rockets: $2.5 billion
  9. Dallas Mavericks: $2.45 billion
  10. Toronto Raptors: $2.15 billion
  11. Philadelphia 76ers: $2.075 billion
  12. Miami Heat: $2 billion
  13. Portland Trail Blazers: $1.9 billion
  14. San Antonio Spurs: $1.85 billion
  15. Sacramento Kings: $1.825 billion
  16. Washington Wizards: $1.8 billion
  17. Phoenix Suns: $1.7 billion
  18. Utah Jazz: $1.66 billion
  19. Denver Nuggets: $1.65 billion
  20. Milwaukee Bucks: $1.625 billion
  21. Oklahoma City Thunder: $1.575 billion
  22. Cleveland Cavaliers: $1.56 billion
  23. Indiana Pacers: $1.55 billion
  24. Atlanta Hawks: $1.52 billion
  25. Charlotte Hornets: $1.5 billion
  26. Orlando Magic: $1.46 billion
  27. Detroit Pistons: $1.45 billion
  28. Minnesota Timberwolves: $1.4 billion
  29. New Orleans Pelicans: $1.35 billion
  30. Memphis Grizzlies: $1.3 billion

While most franchise values increased, that wasn’t the case across the board. The Thunder, Hawks, Hornets, Pistons, Pelicans, and Grizzlies all maintained the same value that they had in 2020. No teams decreased in value, however.

The Jazz had the biggest rise in the bottom half of this list, moving from 21st in 2020’s rankings to 18th this year. That’s because the team was actually sold to a new majority owner in recent months, with Ryan Smith assuming control of the franchise at its new $1.66 billion valuation.

As that Jazz example shows, the actual amount a team is sold for often exceeds Forbes’ valuation, so these figures should just be viewed as estimates.

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Flynn Hopes To Follow VanVleet's Path

February 9th, 2021 at 2:57pm CST by Luke Adams
  • As he heads to the G League bubble to gain regular playing time and experience, Malachi Flynn is hoping to follow in the footsteps of Raptors teammate Fred VanVleet, who won an NBAGL title as a rookie before emerging as a key player for an NBA championship team two years later. Blake Murphy of The Athletic has the story.
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Raptors Notes: Watanabe, Lowry, Drummond, G League

February 8th, 2021 at 3:56pm CST by Alex Kirschenbaum

Raptors forward Yuta Watanabe has been able to eke out a consistent rotational role with Toronto this season, as Doug Smith of The Toronto Star details. Watanabe, who went undrafted in 2018 out of George Washington University, spent two seasons on a two-way deal with the Grizzlies before joining the Raptors at the start of the 2020/21 season. Watanabe is averaging 12.2 MPG with the club, converting 42.9% of his 1.6 three-point attempts.

All-Star teammate Kyle Lowry hailed the 6’9″ wing’s contributions: “He’s going to dive for loose balls, and he’s going to be at the right spot, and he’s going to give you everything (he’s) got. He just plays with an extreme hardness.”

Smith notes that Watanabe, currently on a two-way contract with Toronto, is likely to see his deal converted to a full NBA contract within the next month.

There’s more out of Toronto:

  • Jake Fischer of Bleacher Report wonders if Raptors point guard Kyle Lowry‘s charmed tenure with Toronto may be wrapping up soon. “There’s a time capsule for everybody and everything,” one Western Conference executive said, “and it’s probably just time to move on.” Lowry signed a one-year, $30.5MM extension with Toronto that will make him an unrestricted free agent at the end of the current 2020/21 season. Though he has been his reliably excellent self, the team has stumbled out of the gate to a 10-13 record and the No. 9 seed in the East. Fischer points to several teams who could benefit from the still-productive lead guard’s services this season, including the Heat, Clippers, Pelicans and Magic.
  • After the Raptors’ title-winning frontcourt tandem of Serge Ibaka and Marc Gasol fled for championship-caliber rosters in sunny Los Angeles during the offseason, the club could still be mulling ways to fortify its center position. Sources tell The Ringer’s Kevin O’Connor that the Raptors are among the teams interested in adding Cavaliers center Andre Drummond, currently earning $28.8MM this season on an expiring deal.
  • The Raptors are sending rookies Malachi Flynn and Jalen Harris to the NBAGL’s Orlando “bubble” campus to get some extended development this season. Doug Smith of The Toronto Star previews their upcoming adventure with Toronto’s G League affiliate, Raptors 905.
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DeAndre Bembry Seeing More Minutes; Malachi Flynn Looking To Improve In G League

February 4th, 2021 at 7:00pm CST by Alex Kirschenbaum

After not cracking the Toronto rotation for the club’s first 20 games, fifth-year Raptors reserve swingman DeAndre’ Bembry has finally managed to etch out consistent minutes lately, writes Doug Smith of the Toronto Star. Bembry is a new addition to the team this year, having inked a partially-guaranteed two-year, $3.7MM veteran’s minimum contract during the offseason.

Bembry credits intense Raptors practices with keeping him engaged even when he wasn’t logging significant time on the court. “That pretty much just keeps me going,” Bembry said. “[G]oing against some of the other guys that’s not playing, we would play one-on-ones, two-on-twos, even fives against each other.” Bembry is currently averaging 8.9 MPG across 12 contests, though his minutes tally per game has been increasing lately.

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Raptors Sign GM Bobby Webster To Multiyear Extension

February 4th, 2021 at 12:31pm CST by JD Shaw

The Raptors have signed general manager Bobby Webster to a multiyear contract extension, the team announced in a press release today. The exact terms of the agreement weren’t made available.

Webster, who was named general manager in June of 2017, is currently in his eighth season with the organization. He initially joined the team in 2013 as vice president of basketball management and strategy, working his way through the franchise and later becoming assistant GM in 2016.

“I think everyone knows what Bobby brings to our organization: intelligence, poise, and creativity,” president Masai Ujiri said in a statement. “I’m very pleased that our team will continue to benefit from his many skills for seasons to come.”

Webster was one of the main architects behind the 2019 champion Raptors team, bringing an array of experience and expertise to the table. He spent the first seven seasons of his NBA career in the league office.

“It’s great to be able to continue the work of building the next Raptor championship team – a goal which is part of our organizational DNA,” Webster said. “I’m grateful to Larry Tanenbaum, MLSE ownership and leadership, our great players and staff, and the people of Toronto for making this my home for the past years, and for the future.”

The Raptors will have to address another front-office matter in the near future, as Ujiri, the team’s longtime president, is currently in the final year of his contract.

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Former Raptor Lucas Nogueira Announces Retirement

February 3rd, 2021 at 8:03pm CST by Alex Kirschenbaum

Former Raptors center Lucas Nogueira is retiring from basketball, according to a post on his Instagram.

The Celtics initially drafted the rights to the 7-footer with the No. 16 pick in 2013 (one pick after reigning two-time MVP Giannis Antetokounmpo), packaging him in a draft-night deal with the Hawks. During the summer of 2014, with Nogueira still overseas, the Hawks sent his draft rights to the Raptors in a package that also included sharpshooting off-guard Lou Williams.

Nogueira played 141 games for the Raptors between 2014-18. Toronto decline to tender the big man an extension offer for the 2018/19 season, making him an unrestricted free agent in the summer of 2018. He opted to return overseas, playing for clubs in Spain and Bahrain. Nogueira posted career NBA averages of 3.2 PPG, 2.8 RPG, and 1.0 BPG in 12.4 MPG.

The 28-year-old alluded to incurring a new injury after a prior injury kept him off the court for the better part of two years.

“Certainly the sad moments [on the court] were those that took me away from the courts due to injuries,” Nogueira said in his Instagram post. “I always knew that returning to the [court] after almost two years away from her would be very difficult and challenging, but I was willing to take on more of this challenge in my career. However, last Tuesday, it happened again, so I made this difficult decision and asked to leave Fortaleza Basquete Cearense.”

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Windhorst’s Latest: Tucker, House, Shumpert, Oubre, Ball, Butler, Lowry

February 1st, 2021 at 9:01pm CST by Dana Gauruder

The Rockets are seeking a first-round pick or three second-rounders for P.J. Tucker, ESPN’s Brian Windhorst said on his latest Hoop Collective podcast. Houston was unable to reach an extension agreement with Tucker prior to the season and he has been the subject of trade rumors. He’s making a reasonable $8MM this season and will be an unrestricted free agent this summer.

The Rockets’ desire to accumulate multiple second-rounders for Tucker has previously been reported but Windhorst indicates they’d want a first-rounder as an alternative. Houston already has a stockpile of first-rounders from the James Harden blockbuster.

Windhorst also divulged a number of other tidbits during his podcast:

  • Speaking of the Rockets, forward Danuel House has attracted some trade interest around the league. House is signed through next season but he has a team-friendly contract — $3.72MM this season and $3.89MM next season.
  • Iman Shumpert’s new contract with the Nets is non-guaranteed. Brooklyn filled a roster spot by signing the veteran guard over the weekend.
  • There are rumors circulating about a potential Warriors–Pelicans trade involving Kelly Oubre and Lonzo Ball. The Bulls, who continue to look for a long-term solution at point guard, might also be interested in Ball, who will have a qualifying offer in excess of $14MM this offseason.
  • Heat star wing Jimmy Butler lost more than 10 pounds during his recent bout with COVID-19, something that Ethan J. Skolnick also noted last week on the Five on the Floor podcast (hat tip to Radio.com).
  • The Raptors could be in the market for a player who could jolt their offense. If Toronto doesn’t turn things around, the team might consider offers for Kyle Lowry, who could become an “interesting” rental for a contender. Lowry is headed to unrestricted free agency but his $30.5MM contract would complicate the process of moving him.
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Raptors 905 GM Awaiting Protocols

February 1st, 2021 at 5:21pm CST by Dana Gauruder
  • Raptors 905 GM Chad Sanders is awaiting to hear the quarantine protocols regarding the shuttling of players between NBA teams and the G League bubble in Orlando, Blake Murphy of The Athletic tweets. Two-way player Jalen Harris is already there but any additional assignments will hinge on those protocols, Murphy adds.
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Fischer’s Latest: Beal, Wizards, Pelicans, Hawks, Ujiri

February 1st, 2021 at 2:47pm CST by Luke Adams

Reiterating a point made by ESPN’s Adrian Wojnarowski on Friday and Wizards head coach Scott Brooks on Saturday, Jake Fischer of Bleacher Report confirms that Bradley Beal is not available via trade, citing one longtime executive who notes that the team’s stance on the matter appears sincere and isn’t a bluff to drive up the guard’s price.

Despite there being no change in Beal’s potential availability, it continues to be a popular subject of speculation around the NBA. As Fischer explains, opposing front offices anticipate an “inevitable inflection point,” since there’s an expectation that the Wizards won’t be able to transform into a contender before Beal becomes eligible for free agency in 2022.

That inflection point isn’t here yet though, and the expectation is that it won’t arrive prior to this season’s trade deadline. According to Fischer, there’s a sentiment around the league that, regardless of Washington’s record, team ownership is unlikely to approve a Beal trade until the 2021 offseason at the very earliest.

“Teams say it all the time, but you feel like it’s real,” one assistant GM told Fischer, referring to the Wizards’ unwillingness to engage.

Here are a few more items of note from Fischer’s latest report:

  • New Orleans’ interest in Beal is one of the “biggest open secrets” around the league, according to Fischer, who suggests that the Pelicans and Hawks could be among the potential suitors for the Wizards guard if he eventually hits the trade block. Washington had been eyeing Onyeka Okongwu with the No. 9 pick in the 2020 draft before Atlanta scooped him up at No. 6, Fischer notes.
  • The Hawks “widely signaled” prior to draft night in the fall that Kevin Huerter was available via trade, per Fischer. It’s unclear whether the team’s stance has changed at all since then or if Huerter will be a trade candidate at next month’s deadline.
  • Word in NBA circles is that the Wizards may try to make another run at Masai Ujiri this summer, according to Fischer, who says the franchise has some deep-pocketed minority stakeholders interested in pursuing the Raptors‘ president of basketball operations. Although the Wizards denied it at the time, ESPN’s Adrian Wojnarowski reported in June 2019 that the club was ready to make an aggressive offer to Ujiri, whose contract with Toronto expires later this year.
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