The Golden State Warriors have become the second most valuable franchise in sports at $9.14 billion, trailing only the Dallas Cowboys at $10.3 billion. The Warriors are joined in the top-3 by the New York Knicks at $8.3 billion and the Los Angeles Lakers at $8.07 billion.
Collectively, the NBA’s 30 teams are worth $138 billion, including real estate held by owners and team-related businesses, such as WNBA franchises. The average NBA franchise valuation is now $4.6 billion and has a value-to-revenue multiple of 11.9, which is above all other leagues.
The NBA has a significant drop off from the Lakers at No. 3 as they are worth 42 percent more than the Brooklyn Nets at No. 4 with a valuation of $5.7 billion.
The 30 NBA teams generated an estimated $11.6 billion last year, or $387 million per club. The concert business has been a major revenue driver for NBA teams who own and control their own arena. The Lakers and Boston Celtics are the only teams in the top-10 who do not control their arena.
2024 NBA Valuation Rankings
1. Warriors: $9.14 billion
2. Knicks: $8.3 billion
3. Lakers: $8.07 billion
4. Nets: $5.7 billion
5. Clippers: $5.66 billion
6. Celtics: $5.66 billion
7. Bulls: $5.56 billion
8. Heat: $5 billion
9. Rockets: $4.77 billion
10. Raptors: $4.66 billion
11. Sixers: $4.57 billion
12. Mavericks: $4.46 billion
13. Suns: $4.32 billion
14. Kings: $4.11 billion
15. Hawks: $4.07 billion
16. Nuggets: $4.06 billion
17. Wizards: $3.98 billion
18. Cavaliers: $3.95 billion
19. Bucks: $3.91 billion
20. Spurs: $3.79 billion
21. Pacers: $3.74 billion
22. Jazz: $3.67 billion
23. Blazers: $3.6 billion
24. Thunder: $3.55 billion
25. Magic: $3.46 billion
26. Pistons: $3.45 billion
27. Hornets: $3.39 billion
28. Timberwolves: $3.29 billion
29. Pelicans: $3.09 billion
30. Grizzlies: $3.06 billion