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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:

New York Knicks: $5 billion
Golden State Warriors: $4.7 billion
Los Angeles Lakers: $4.6 billion
Chicago Bulls: $3.3 billion
Boston Celtics: $3.2 billion
Los Angeles Clippers: $2.75 billion
Brooklyn Nets: $2.65 billion
Houston Rockets: $2.5 billion
Dallas Mavericks: $2.45 billion
Toronto Raptors: $2.15 billion
Philadelphia 76ers: $2.075 billion
Miami Heat: $2 billion
Portland Trail Blazers: $1.9 billion
San Antonio Spurs: $1.85 billion
Sacramento Kings: $1.825 billion
Washington Wizards: $1.8 billion
Phoenix Suns: $1.7 billion
Utah Jazz: $1.66 billion
Denver Nuggets: $1.65 billion
Milwaukee Bucks: $1.625 billion
Oklahoma City Thunder: $1.575 billion
Cleveland Cavaliers: $1.56 billion
Indiana Pacers: $1.55 billion
Atlanta Hawks: $1.52 billion
Charlotte Hornets: $1.5 billion
Orlando Magic: $1.46 billion
Detroit Pistons: $1.45 billion
Minnesota Timberwolves: $1.4 billion
New Orleans Pelicans: $1.35 billion
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.

Wizards Performing Better Without Westbrook

February 9th, 2021 at 10:01pm CST by Alex Kirschenbaum

The Wizards have been performing better when $41.4MM point guard Russell Westbrook sits, according to Fred Katz of The Athletic. In a somewhat alarming trend, Washington is 4-3 without Westbrook and 2-12 with him this season. Washington is 7.7 points per 100 possessions worse when Westbrook plays for the club this year.

Bradley Beal: “We Just Kind Of Let Teams Walk All Over Us”

February 8th, 2021 at 11:52am CST by Arthur Hill

Bradley Beal may not be asking for a trade, but he’s clearly unhappy with the current situation in Washington. The Wizards star lashed out at his teammates Sunday after a 22-point loss to the Hornets, writes Chase Hughes of NBC Sports.

“We’ve gotta have some pride, man, some dog. We’ve got no dog. We just kind of let teams just walk all over us,” Beal said. “… It’s tough because we’re all adults. I can’t do it for guys. I can only do it for myself. All we can do is encourage the next man to be ready to go and accept the challenge. I can’t do that for someone else. I can’t do your guys’ job and you can’t do my job. You know what I’m saying?”

Beal is having a tremendous individual season, leading the NBA in scoring at 33.2 points per game, but it hasn’t translated into team success. The Wizards are 14th in the Eastern Conference with a 5-15 record and are in danger of sliding out of contention for even a play-in game. Much of that is attributable to injuries and a COVID-19 outbreak that forced nearly two full weeks of postponements, but Washington is only 2-7 since resuming play.

Among his post-game comments, Beal offered support for coach Scott Brooks, whose job is rumored to be in jeopardy because of the disappointing start. Beal said Brooks shouldn’t be blamed for the failure of the players.

“I mean, Coach is doing it,” Beal said. “You see the little signs he does. He’s benching guys, he’s taking guys out early. You would think that would kind of click and roll over for us, but it doesn’t.”

Any statement from Beal that expresses discontent will quickly lead to trade speculation. He has repeatedly pledged his loyalty to the organization, and the Wizards have made it clear that they won’t attempt to trade Beal unless he requests it. However, it may get harder to keep him happy as he considers the possibility of wasting one of his best years on a non-playoff team.

The extension that Beal signed in 2019 keeps him under team control through next season, with a $36.4MM player option for 2022/23. That gives the Wizards a little more time to build a competitive roster before facing the possibility of their best player walking away.

Southeast Notes: Brown Jr., Rozier, Winslow, Vucevic

February 7th, 2021 at 7:16pm CST by JD Shaw

Wizards forward Troy Brown Jr. described his experience with COVID-19 on Sunday, giving a behind-the-scenes look on the subject – including Washington’s recent outbreak – in an article for BasketballNews.com.

The Wizards had nine players in the NBA’s health and safety protocols at one point last month, with half of its roster contracting the virus. Brown provided valuable perspective into what it was like for him and his teammates as they made it through an unprecedented situation.

“When they told me that I tested positive, I wasn’t surprised,” Brown wrote in his story. “I had already started quarantining, so it wasn’t a shock; the positive test just confirmed my suspicions. I’ve taken COVID very seriously and been very safe since this all started, but I still got it. When I got the news, I wasn’t too scared. I don’t know if I’ll have any long-term issues that are related to COVID, but I try not to worry about that since it’s out of my control. My mindset is this: It happened and I can’t do anything about it, so I’m just trying to stay as positive as I can, live day-by-day and not worry.”

There’s more from the Southeast Division:

Rick Bonnell of The Charlotte Observer examines how Terry Rozier might be affected if LaMelo Ball continues to start for the Hornets. Ball started in his third game on Sunday, finishing with 19 points, seven rebounds and five assists to help defeat the Wizards.
Just one year after being traded to Memphis, Justise Winslow‘s health issues have made it difficult to judge the deal that sent him from the Heat to the Grizzlies, Ira Winderman of The Sun Sentinel writes. Winslow has yet to appear in a game for his new team and is currently dealing with a hip injury.
The Magic are hoping that Nikola Vucevic is rewarded with an All-Star spot this season, Roy Parry of The Orlando Sentinel writes. “I think every person on the team is rooting for him to be an All-Star,” teammate Cole Anthony said. “I think 100%, he deserves it.” Vucevic has averaged a career-high 23.1 points per game in 24 contests, also averaging 11.4 rebounds and 3.4 assists per contest. His 42% shooting mark from 3-point range is the highest of his career.

Wizards Notes: Brooks, Bertans, Winston, Hachimura, Avdija

February 6th, 2021 at 3:55pm CST by Dana Gauruder

Wizards head coach Scott Brooks doesn’t think the All-Star Game should be played this season, Fred Katz of The Athletic tweets. The league and the National Basketball Players Association agreed to hold it in Atlanta next month.

“I saw (LeBron James‘) thoughts on it. I agree. I’m upset,” Brooks said. “I love Atlanta, but I don’t want to go. I’ve been to two All-Star Games…and I don’t want to go. I agree with him.”

We have more on the Wizards:

Davis Bertans re-signed with the club for five years and $80MM in November, but his 3-point stroke has been off this season. Katz breaks down Bertans’ struggles in an in-depth Athletic story. Bertans is shooting 33.1% from long range after making 42% of his attempts the past two seasons and it appears he still doesn’t have his legs under him, according to Katz.
Rookie guard Cassius Winston has been transferred to the Erie BayHawks to play in the G League season in Orlando, the team tweets. Washington’s G League team, the Capital City Go-Go, is not participating in the event. The second-round pick out of Michigan State has appeared in six NBA games and will receive much-needed playing time in Orlando.
Prior to Washington’s 27-point loss to Miami on Friday, second-year forward Rui Hachimura and rookie forward Deni Avdija appeared to be trending in the right direction after the team’s COVID-19 pause, Ava Wallace of the Washington Post writes.

Free Agent Stock Watch: Southeast Division

February 5th, 2021 at 9:09pm CST by Dana Gauruder

Throughout the season, Hoops Rumors takes a closer look at players who will be free agents or could become free agents this off-season. We examine if their stock is rising or falling due to performance and other factors. This week, we take a look at players from the Southeast Division:

Malik Monk, Hornets, 23, SG (Up) – Signed to a four-year, $15.7MM deal in 2017

Monk has forced his way back into Charlotte’s rotation — 36-point explosions will do that for you. Monk’s scoring outburst led the Hornets to an overtime victory against Miami on Monday. That was sandwiched by an 18-point game against Milwaukee and a 13-point output against Philadelphia. A 2017 lottery pick, Monk has never shot better than 34.2% from deep in his first three seasons and bottomed out at 28.4% last season. He’s made 52.5% of his long-range shots this season. Charlotte would have to extend Monk a $7MM+ qualifying offer to make him a restricted free agent this summer. The Hornets might opt to deal him this winter but Monk will continue to pump up his value if he keeps shooting like this.

Tony Snell, Hawks, 29, SG (Down) – Signed to a four-year, $46MM deal in 2017

Snell had a player option that was much too lucrative to turn down last offseason. When he becomes an unrestricted free agent this summer, he’ll be looking at substantially smaller offers that the one he received from Milwaukee in 2017. Snell started regularly for Detroit last season but he hasn’t gotten much floor time with Atlanta despite several injuries to wing players. He played a season-high 24 minutes against Utah on Thursday but once De’Andre Hunter and Bogdan Bogdanovic return to action, Snell will reside at the end of the bench once again.

Kendrick Nunn, Heat, 25, SG (Down) – Signed to a three-year, $3.1MM deal in 2018

Nunn was one of the league’s feel-good stories last season, an undrafted rookie who graduated from the G League to become a starter with the Heat, then finished second in the Rookie of the Year voting after averaging 15.3 PPG and 3.3 APG in 67 regular-season games. However, he lost his starting job in the Orlando bubble following a bout with COVID-19 and hasn’t regained it this season. Nunn was playing regularly when Jimmy Butler battled the virus last month but he has fallen completely out of the rotation the last three games. Avery Bradley‘s latest injury should allow him to regain his spot. Nunn’s qualifying offer is a meager $2.1MM if he doesn’t meet the starter criteria, so he’ll likely become a restricted free agent. Still, it’ll be harder to land a big offer sheet from another club if his playing time continues to wildly fluctuate.

Ish Smith, Wizards, 32, PG (Down) – Signed to a two-year, $12MM deal in 2019

Smith has carved out a nice career as a second-unit sparkplug. He’s always been capable of tossing in a 20-point night with his quickness and driving ability. Those outings haven’t occurred this season. He’s only reached double digits once despite averaging a steady 20.7 MPG. He’s still making a positive contributor with his passing – he’s averaged 7.0 assists the last five games – but he’s 1-for-12 from the field in his last two games despite playing 54 minutes. At 32, Smith will find it increasingly difficult to get offers ahead of younger players. That reality could strike as early as this summer.

Photo courtesy of USA Today Sports Images.

And-Ones: Vaccines, Ball, Trade Candidates, Defenders, All-Star Voting

February 5th, 2021 at 6:30pm CST by Dana Gauruder

In an effort to alleviate players’ – and some coaches’ – fears and skepticism about receiving COVID-19 vaccines, the NBA is arranging mandatory meetings over the next two weeks between its top medical expert and all 30 teams, Sam Amick, Joe Vardon and David Aldridge of The Athletic report. Teams felt there was a need to provide information and insight on this issue to its players.

The NBA wants everyone associated with the game — players, coaches, referees and chief front office personnel — to get the shots, not only for safety reasons but also as part of a national volunteering-public relations campaign.

We have more from around the basketball world:

LaMelo Ball ranks as the leading candidate for the Rookie of the Year award, according to Jonathan Wasserman of Bleacher Report. The Hornets guard ranks first in assists and steals, second in rebounding and third in scoring among all rookies despite coming off the bench in all but two games. Kings guard Tyrese Haliburton sits in second place for Wasserman, who ranks the rookies from 10-1.
With Wizards guard Bradley Beal apparently off the market, there won’t be another blockbuster trade this season to rival the James Harden deal, Tim Bontemps of ESPN opines. Some of the players who could be moved by March’s trade deadline are Lonzo Ball, J.J. Redick, P.J. Tucker, George Hill, Evan Fournier and Aaron Gordon, though Hill and Gordon are currently injured.
Rudy Gobert‘s contract with the Jazz is a rare case in which a defensive stalwart is compensated like a elite scorer, Aldridge notes in a separate Athletic story. Aldridge takes a closer look at why top defenders are generally not as valued as scorers.
Kevin Durant has received the most All-Star votes in the early returns, JD Shaw of Hoops Rumors tweets. Beal is the top vote-getter among Eastern Conference guards. LeBron James has the most votes among Western Conference forwards and Stephen Curry leads all Western Conference guards by a wide margin.

Southeast Notes: Beal, Heat, Hayward, Brown Jr., Hawks

February 5th, 2021 at 2:19pm CST by JD Shaw

Wizards guard Bradley Beal is committed to sticking with the team this season, but that didn’t stop the 27-year-old from giving high praise to Heat stars Jimmy Butler and Bam Adebayo earlier this week, Ira Winderman of the Sun Sentinel writes.

Beal led Washington to a 103-100 win over Miami on Wednesday, with the teams set to play again on Friday night. Both he and the Heat have been linked to each other in the past, as Miami has long been rumored to be eyeing the veteran in case he becomes available before the March 25 deadline.

“Jimmy is an unbelievable player,” Beal said. “He’s a star in our league, a true leader. It’s always competitive when we play. He always just wants to win, whatever it looks like.”

Beal also complimented Adebayo, singling out the 23-year-old’s unique ability to guard positions one-through-five. Winderman notes that Miami’s reported interest even caused some Heat fans to cheer for Beal, who finished with a game-high 32 points and eight rebounds in Wednesday’s game.

There’s more from the Southeast Division:

Despite having a respectable season to date, Hornets forward Gordon Hayward may miss the cut of becoming an All-Star this season, Rick Bonnell of the Charlotte Observer. Hayward, who signed a four-year, $120MM deal to join the team in free agency, is holding per-game averages of 22.9 points (a career-high), 5.3 rebounds and 3.9 assists in 21 contests.
Chase Hughes of NBC Sports Washington explores whether Wizards forward Troy Brown Jr. did enough in Wednesday’s game against Miami to earn more playing time. Brown, 21, finished with nine points and seven rebounds in 21 minutes off the bench, shooting 3-of-9 from the floor.
The Hawks still haven’t solved their back-up point guard issue, Chris Kirschner of The Athletic opines. Atlanta has struggled without Trae Young on the floor this season, owning just a 10-12 record in their first 22 games. Offseason signings Rajon Rondo and Kris Dunn have both missed time due to injuries, with Rondo only playing in 13 of those games and Dunn not appearing in a single contest to date.

Steph's All-Star Window Key Factor In Potential Beal Deal

February 3rd, 2021 at 9:32pm CST by Alex Kirschenbaum

The Warriors could provide an appealing trade package in a hypothetical deal with the Wizards for Bradley Beal. In a deal that would probably have to include both 2020 lottery pick James Wiseman and the Timberwolves’ top-3 protected 2021 draft selection, the Warriors would be perhaps sacrificing their future for their present. The big question, were a trade to happen, is how long Golden State star guard Stephen Curry can remain a core part of a title club, according to Anthony Slater of The Athletic.

And-Ones: Australia, Evans, Masks, Free Agency

February 2nd, 2021 at 9:58pm CST by Dana Gauruder

Ben Simmons heads the list of players named by Basketball Australia to the country’s preliminary Olympic squad, Marc Stein of the New York Times tweets. Among some of the other NBA notables on the 24-player list are Aron Baynes, Joe Ingles, Dante Exum, Matisse Thybulle, Patty Mills, Josh Green, Thon Maker and Matthew Dellavedova. The squad will have to be pared to 12 players for the Olympic tournament in Tokyo this summer.

We have more from around the basketball world:

The Erie BayHawks waived guard Jacob Evans to make room for forward Jordan Bell, JD Shaw of Hoops Rumors tweets. Bell was released from his 10-day contract with the Wizards over the weekend. Evans played for the Warriors and Timberwolves the past two seasons.
The NBA will soon require players to wear KN95 or KF94 masks on the bench and all other areas where masks are necessary, Tim Bontemps of ESPN writes. The new rule will go into effect over the next week. Starting with games on Friday, the NBA will more strictly enforce current rules regarding the use of face masks, Bontemps adds.
The Athletic trio of James Edwards III (Pistons), Mike Vorkunov (Knicks) and Chris Kirschner (Hawks) take a closer look at their teams’ free agent moves during the offseason, how well those players have worked out so far, and what those franchises could have done differently.