Portland Trail Blazers Rumors

Warriors, Lakers Top 2025 NBA Franchise Valuations

October 16th, 2025 at 8:48am CST by Luke Adams

The Warriors are still the NBA’s most valuable team, according to Kurt Badenhausen of Sportico, who unveiled the website’s updated NBA franchise valuations for 2025 on Thursday.

Badenhausen projects the Warriors’ value at $11.33 billion, which represents an incredible 24% increase from last year’s $9.14 billion valuation. The NFL’s Dallas Cowboys, at $12.8 billion, continue to be the only global sports franchise whose valuation comes in higher than Golden State’s, according to Sportico’s projections.

As Badenhausen outlines, the Warriors lead the NBA in revenue by a significant margin, having generated an estimated $833MM last season. Golden State makes more than $5MM per game in ticket revenue, along with $2.5MM from luxury suites; the club also has a $45MM per year jersey patch deal with Rakuten, earns almost double what any other team makes in sponsorship revenue, and is one of the few teams to fully own and operate its arena, per Sportico.

After placing third a year ago, the Lakers have jumped to second place on Sportico’s 2025 list at $10 billion, based on Mark Walter‘s recent agreement to purchase the team at that valuation. The Lakers moved slightly ahead of the third-place Knicks, who come in at $9.85 billion.

Every team’s valuation has increased by at least 9% since last year, per Sportico, with the average value of an NBA franchise now at $5.51 billion (up 20% from 2024) and no team worth less than $4 billion.

The average valuation has more than doubled since 2022, when it was $2.58 billion. As Badenhausen writes, the NBA’s new $76 billion media rights deal and its global ambitions – including the possible creation of a league in Europe – have played a part in those gains.

Although the Warriors’ $833MM is something out of an outlier, NBA teams generated an average of approximately $408MM in revenue last season, according to Badenhausen, with the Grizzlies coming in last at $301MM. Memphis also ranks 30th on Sportico’s list of franchise values.

Despite placing at the bottom of this list, the Grizzlies actually had the most significant increase in their franchise valuation this past year, rising from $3.06 billion to $4 billion (31%). The Pelicans (30%), Timberwolves (29%), and Eastern Conference champion Pacers (27%) were the other biggest risers.

Of course, it’s worth noting that figures from Sportico 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 these 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 2025:

Golden State Warriors: $11.33 billion
Los Angeles Lakers: $10 billion
New York Knicks: $9.85 billion
Los Angeles Clippers: $6.72 billion
Boston Celtics: $6.35 billion
Brooklyn Nets: $6.22 billion
Chicago Bulls: $6.12 billion
Miami Heat: $6.03 billion
Philadelphia 76ers: $5.61 billion
Houston Rockets: $5.53 billion
Dallas Mavericks: $5.24 billion
Toronto Raptors: $5.22 billion
Phoenix Suns: $5.09 billion
Atlanta Hawks: $5.02 billion
Sacramento Kings: $5 billion
Cleveland Cavaliers: $4.86 billion
Denver Nuggets: $4.8 billion
Washington Wizards: $4.78 billion
Indiana Pacers: $4.76 billion
Milwaukee Bucks: $4.54 billion
San Antonio Spurs: $4.5 billion
Oklahoma City Thunder: $4.34 billion
Utah Jazz: $4.27 billion
Portland Trail Blazers: $4.25 billion
Minnesota Timberwolves: $4.24 billion
Orlando Magic: $4.21 billion
Detroit Pistons: $4.17 billion
Charlotte Hornets: $4.13 billion
New Orleans Pelicans: $4.02 billion
Memphis Grizzlies: $4 billion

As Badenhausen notes, Sportico’s projections are based on a control sale price, rather than limited stake purchases. Controlling shares in the Celtics, Lakers, and Trail Blazers all changed hands this past year, though only the Celtics sale has been formally approved by the NBA so far.

William Chisholm is buying the Celtics in two stages, with an initial valuation of $6.1 billion and a blended valuation of roughly $6.5 billion. Walter is purchasing the Lakers at a valuation of $10 billion, while Tom Dundon is buying the Blazers at a $4.25 billion valuation.

And-Ones: Core Trios, MVP, Hayward, NBA App

October 15th, 2025 at 11:04am CST by Rory Maher

Tim Bontemps of ESPN ranks the core trios of every NBA team based on their current and future value. Unsurprisingly, Shai Gilgeous-Alexander, Jalen Williams and Chet Holmgren of the defending champion Thunder sit atop Bontemps’ tiered list, followed by the Nuggets trio of Nikola Jokic, Jamal Murray and Aaron Gordon.

Bontemps’ final tier (“rebuilding”) is comprised of the Nets (Nic Claxton, Egor Demin, Nolan Traore), Trail Blazers (Toumani Camara, Donovan Clingan, Shaedon Sharpe), Jazz (Ace Bailey, Walter Clayton, Lauri Markkanen), and Wizards (Bilal Coulibaly, Tre Johnson, Alex Sarr).

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

Using six categories (narrative score, expected ridiculous stats score, team quality score, clutch score, player impact score, and perceived value score), Zach Harper of The Athletic takes a stab at predicting who will win the NBA’s MVP award in 2025/26. Jokic, who was the runner-up last season, earns the most points (55/60), followed by reigning MVP Gilgeous-Alexander (50/60) and Giannis Antetokounmpo (50/60), who finished third in voting last season. However, Harper’s “gut” says Timberwolves guard Anthony Edwards (45/60) will claim his first MVP.
Former NBA All-Star Gordon Hayward, who retired last summer after a 14-year career in the league, is returning to his alma mater in a new role. According to a Butler press release written by John Dedman, Hayward will be an executive basketball advisor for the Bulldogs’ men’s basketball program. In addition to advising in multiple areas, Hayward will also serve as a mentor to student-athletes, with a focus on leadership and professional development.
The NBA announced in a press release that it has launched a new multi-platform streaming offering as well as the “reimagined” NBA TV, both of which can be accessed via the NBA App. There’s also a new flagship program on NBA TV and the NBA App called “The Association,” which features MJ Acosta-Ruiz, David Fizdale, Rudy Gay, Chris Haynes and John Wall, among others.

Northwest Notes: SGA, Bailey, Dillingham, Miller, Cooke

October 14th, 2025 at 3:16pm CST by Luke Adams

Thunder star Shai Gilgeous-Alexander doesn’t see himself playing until he’s 40 like current stars LeBron James and Chris Paul, he said within a GQ Sports cover story, per Yang-Yi Goh (subscription required).

“I definitely think I can,” Gilgeous-Alexander said. “I won’t, though. A hundred percent.”

The reigning MVP just turned 27 in July, so he certainly has time to change his mind between now and the final years of his NBA career. However, he went on to explain that family considerations would be the main reason why he doesn’t think he’d want to extend his playing days that long.

“I won’t want to miss that much of my kid’s life,” he told Goh. “I won’t want to be away and miss his first basketball game every year, his first soccer game, football game, piano lesson, chess lesson, whatever it is. And there’s a certain point in your career where you reach your peak.

“I don’t fault guys for still playing. They love the game. But I just feel like I play this game, ultimately, to see what the best version of me can be. Once I figure that out and I start going down, then it’s like, Okay, well, what am I playing for now? As soon as that happens, I’ll be on the first ship out.”

Here’s more from around the Northwest Division:

Jazz rookie Ace Bailey is dealing with “some tendonitis” in both of his knees, Will Hardy said after the No. 5 overall pick was removed from Monday’s game vs. Portland. However, Utah’s head coach didn’t sound overly concerned about the issue. “He’s not going to be getting imaged or anything like that,” Hardy told reporters, including Andy Larsen of The Salt Lake Tribune (Twitter link). “It’s just trying to take care of him. He was a little sore during his second stint (on the court).”
After playing a limited role as a rookie, second-year Timberwolves guard Rob Dillingham is working on making the adjustments necessary to earn more regular minutes in 2025/26, as Chris Hine of The Star Tribune details. “I want to play,” Dillingham said. “So whatever I got to do to play, whatever (head coach Chris Finch) wants me to do — pass the ball, pick up (on defense), I’m just gonna have to do.” Finch offered more details on what he and the staff have told Dillingham to focus on: “Be ready to make shots off the ball, particularly when you’re playing out there alongside guys like Julius and Ant who are going to have the ball in their hands a lot. Keep it simple and use your speed, which is what we need you to do and what you have naturally comes to you.”
Timberwolves forward Leonard Miller, who suffered a finger injury early in training camp, was cleared for full-contact, five-on-five basketball activities on Monday, the team announced in a press release. Miller started on Monday against the Guangzhou Loong Lions and played well in a Minnesota blowout, racking up 15 points and 11 rebounds in 23 minutes of action.
The Oklahoma City Blue and Rip City Remix have completed a trade, tweets Rylan Stiles of SI.com. The Thunder‘s G League affiliate acquired the returning rights for Isaac Nogues and Henri Drell, along with a 2026 second-round pick, from the Trail Blazers‘ affiliate, in exchange for Javonte Cooke‘s returning rights. Cooke signed an Exhibit 10 contract with Portland two weeks ago, while Nogues and Drell are currently playing overseas.

RAJ Sports Drops Lawsuit Involving Trail Blazers Sale

October 13th, 2025 at 7:56pm CST by Rory Maher

RAJ Sports, a company run by the Bhatal family, has dropped its lawsuit against the Cherng family, one of the minority investors in Tom Dundon‘s ownership group that has signed a purchase agreement to buy the Trail Blazers, writes Mike Vorkunov of The Athletic.

Dundon and his group reportedly beat out a bid from RAJ Sports, which controls the Portland Thorns in the NWSL and the Portland Fire, the WNBA expansion team that will make its debut next season.

According to Vorkunov, Dundon helped facilitate a resolution between the Bhatals and the Cherngs.

“We are pleased to have reached a resolution out of court which we believe recognizes our position while also preserving the future of basketball in Portland,” RAJ said in a statement (Twitter link via Sean Highkin of The Rose Garden Report). “We look forward to working closely with the Blazers as the Fire join them at Moda Center next Spring.”

RAJ Sports claimed in its lawsuit that the Cherng family — which owns Panda Express — breached an exclusivity agreement and asked a judge to stop them from buying a stake in the Blazers. The lawsuit, which has been withdrawn “without prejudice,” was aimed only at the Cherngs, not the Trail Blazers or the Dundon group.

Now that the lawsuit has been dropped, the impending sale of the Blazers should proceed as normal, Vorkunov notes.

Five Under-The-Radar Veteran Extension Candidates To Watch

October 13th, 2025 at 4:39pm CST by Luke Adams

The deadline for teams to sign players to rookie scale extensions is a week from today, and we'll be keeping an eye on several notable rookie scale extension candidates in the coming days. That group includes Pistons teammates Jaden Ivey and Jalen Duren, Nuggets guard Christian Braun, Hawks guard Dyson Daniels, Rockets forward Tari Eason, Kings forward Keegan Murray, and Trail Blazers guard Shaedon Sharpe.

A number of big-name players are also eligible for veteran contract extensions, with Rockets forward Kevin Durant, Heat guard Tyler Herro, and Hawks guard Trae Young among those we're been monitoring ahead of the 2025/26 season.

However, many of the most viable extension candidates have flown somewhat under the radar this fall, so we want to shine a spotlight on some of those players today. In the space below, we'll take a closer look at five players who are eligible for veteran contract extensions and who could realistically sign new contracts either before opening night or at some point during the season.

Let's dive in...

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MarJon Beauchamp Expected To Sign Exhibit 10 Deal With Sixers

October 12th, 2025 at 8:57am CST by Rory Maher

Free agent wing MarJon Beauchamp has agreed to an Exhibit 10 contract with the Sixers, reports Keith Pompey of The Philadelphia Inquirer (Twitter link). While a deal is expected to be completed, it has not yet been finalized, and a 76ers source tells Pompey the Trail Blazers are “still involved.”

Beauchamp signed an Exhibit 10 deal with Portland on September 30 prior to being waived on Oct. 7, lining him up to join the Blazers’ G League affiliate, the Rip City Remix. If he were to be signed and waived by the Sixers, Portland could still have first dibs on naming Beauchamp an affiliate player, but it sounds like his camp is trying to steer him to the Delaware Blue Coats instead.

Beauchamp, who turns 25 years old today (happy birthday), was the 24th overall pick of the 2022 draft. He spent his first two-and-a-half years with the Bucks, the team that drafted him, prior to being dealt to the Clippers ahead of the February trade deadline. He finished 2024/25 on a two-way contract with the Knicks after being cut by Los Angeles.

The 6’7″ small forward has appeared in a total of 135 regular season games for the Bucks, Clippers and Knicks, averaging 4.1 points and 1.9 rebounds in 10.9 minutes per night, with a shooting line of .430/.354/.718.

Assuming Beauchamp finalizes his Exhibit 10 deal with Philadelphia and is waived before the season begins, he would be eligible for a bonus worth up to $85,300 if he joins the Blue Coats and spends at least 60 days with the club. Exhibit 10 contracts can also be converted into two-way deals, though the 76ers do not currently have a two-way opening.

The Sixers’ roster is at the offseason limit of 21 players under contract, so they’ll have to release someone to officially add Beauchamp.

Northwest Notes: Williams, Sharpe, Nuggets, Bailey

October 10th, 2025 at 4:00pm CST by Luke Adams

Thunder forward Jalen Williams, who is making his way back from surgery to address a torn scapholunate ligament in his right wrist, still isn’t shooting jumpers with that right hand, according to ESPN’s Tim MacMahon (Twitter link).

The Thunder have been cagey about Williams’ recovery timeline and haven’t indicated whether or not they expect him to available when their regular season begins later this month. Asked about Williams’ status on Thursday, head coach Mark Daigneault declined to offer any specifics.

“He’s progressing on a normal timeline,” Daigneault said (YouTube link). “… He’s where he should be.”

We have more from around the Northwest:

Amid rumors that he could command a rookie scale extension worth north of $100MM over four years, Trail Blazers guard Shaedon Sharpe kicked off the preseason in impressive fashion on Wednesday, scoring 22 points on 9-of-15 shooting and grabbing six rebounds in just 23 minutes of action. “He just looked very under control at all times,” head coach Chauncey Billups said of Sharpe, per Sean Highkin of Rose Garden Report (Substack link). “Got to where he wanted to get to. I thought defensively, he was good. He went in and got some really good rebounds for us. I think Shaedon can be an exceptional rebounder with his physical gifts. He played a good game.”
Nuggets newcomer Cameron Johnson has played a pretty modest offensive role in his first two preseason games with the team, scoring just 13 points on nine total shot attempts. Head coach David Adelman isn’t worried about that, as Bennett Durando of The Denver Post relays. “We’re just getting him comfortable,” Adelman said on Thursday. “And Cam is one of those guys that plays for his teammates sometimes instead of force-feeding himself into the action. … We’ve gotta get him to his right hand more. I haven’t put in pet plays for him yet. But we’ll get there for sure. He’s a really special player in that you can plug and play him in a lot of ways.”
In a separate story for The Denver Post, Durando spoke to some of Bruce Brown‘s former coaches to get a sense of why he and the Nuggets have been such a perfect match for one another. Durando also reports within the story that Brown drew interest this offseason from the Lakers and Suns, among other teams, before agreeing to return to Denver.
The Jazz lost to Houston in their preseason opener on Wednesday, but rookie forward Ace Bailey poured in 25 points on 11-of-16 shooting while also chipping in six rebounds, three assists, and a pair of steals. Rockets forward Kevin Durant was among those who came away impressed by the No. 5 overall pick, per Andy Larsen of The Salt Lake Tribune. “Dynamic player. I think he’s going to be a hell of a player,” Durant said. “I love the coaching staff that he’s with. I love that he got drafted to Utah; they’ve got a good development program over there that I’m looking forward to seeing how he progresses. I’m expecting a big year from him and a big career.”

Blazers Sign, Waive Sean Pedulla

October 7th, 2025 at 5:33pm CST by Luke Adams

5:33pm: Pedulla has been waived and is expected to join the Remix, Sean Highkin of Rose Garden Report tweets.

1:01pm: The Trail Blazers have added guard Sean Pedulla to their training camp roster, the team announced today in a press release.

Pedulla reportedly reached an agreement with Portland back in June on an Exhibit 10 deal. He’ll likely be waived before the regular season begins and become an affiliate player for the Rip City Remix, the Blazers’ G League team.

A 2024 All-ACC honoree at Virginia Tech, Pedulla transferred to Mississippi for his senior season in 2024/25. The 6’1″ guard averaged 15.4 points, 3.8 assists, 3.5 rebounds, and 1.9 steals per game across 36 contests for Ole Miss, earning a spot on the All-SEC third team. He suited up for Portland’s Summer League team in July, appearing in five games and registering averages of 5.0 PPG, 2.0 APG, and 1.8 RPG in 12.3 MPG.

The Blazers had a full 21-man preseason roster entering the day, but waived forwards MarJon Beauchamp and Andrew Carr, along with center Liam Robbins, in order to open up room for Pedulla.

Beauchamp, Carr and Robbins, who all signed non-guaranteed camp contracts with Portland last week, look like good candidates to end up with the Remix in the G League.

Western Notes: THJ, Horford, Kuminga, R. Williams

October 7th, 2025 at 8:57am CST by Luke Adams

Although three or four teams reached out to convey their interest in him early in free agency, Tim Hardaway Jr. was drawn to the Nuggets in part because J.J. Barea and Jared Dudley were joining David Adelman‘s coaching staff, as he tells Bennett Durando of The Denver Post. Hardaway played alongside Barea with the Mavericks from 2019-20, while Dudley was a Mavs assistant coach during three of Hardaway’s years in Dallas.

“It gives you more confidence (having Dudley and Barea on staff), just because they understand your style of play,” Hardaway said. “They reiterate that to the rest of the coaching staff. I mean, Jared Dudley was my assistant coach in Dallas for years, so he knows what I can do on and off the floor for the team.”

Hardaway made 77 starts in Detroit last season and hasn’t averaged fewer than 26.8 minutes per game in a season since 2015/16. He also hasn’t earned less than $16MM in a season since ’16/17. This year in Denver, he’s on a minimum-salary contract and will likely be part of the Nuggets’ second unit. However, he’s embracing the opportunity to play for a championship contender and wants to set an example for his younger teammates who may end up playing lesser roles.

“I’ve realized throughout my career, sulking and being upset about something, it’s just being an energy-drainer at that point,” Hardaway told Durando. “So just coming in there, letting those guys understand if they’re having rough days, bad days, (my job is) lifting them up, if I have to take them to dinner, (or) if I have to get the team all out together.”

Here’s more from around the Western Conference:

Al Horford‘s two-year contract with the Warriors, which is worth the full taxpayer mid-level exception and includes a second-year player option, also features a 15% trade kicker, per Michael Scotto of HoopsHype (Twitter link). Horford will become trade-eligible on January 1, three months after he officially signed with Golden State.
Within a look at Warriors forward Jonathan Kuminga as an in-season trade candidate, Yossi Gozlan of The Third Apron (subscription required) observes that even though Golden State is right up against a hard cap and will have to account for Kuminga’s trade kicker, the lack of base year compensation restrictions will make it easier to move him during the season than it would have been in a sign-and-trade. For instance, the Warriors wouldn’t have been able to take back Malik Monk in a sign-and-trade with Sacramento without sending out another player, but a straight-up deal involving those two players (plus draft assets) would be cap-legal now.
Trail Blazers big man Robert Williams still hasn’t been cleared for contact, head coach Chauncey Billups said on Monday, but he has been taking part in non-contact work and the team is “very happy” with the progress he has made (Twitter link via Sean Highkin of Rose Garden Report). Health issues have limited Williams to 26 total outings since he was traded to Portland two years ago.

Seven NBA Two-Way Contract Slots Currently Open

October 5th, 2025 at 12:26pm CST by Luke Adams

While most of the NBA’s 30 teams filled all three of their two-way contract slots before training camps tipped off, there are still seven teams carrying just a pair of players on two-way deals, leaving one two-way slot open on their respective rosters, as our tracker shows.

Those teams are as follows:

Brooklyn Nets
Cleveland Cavaliers
Dallas Mavericks
Miami Heat
Oklahoma City Thunder
Orlando Magic
Portland Trail Blazers

The majority of the players around the league who are in camp with teams on Exhibit 10 deals will ultimately end up with those clubs’ G League affiliates, but there’s an opportunity for the Exhibit 10 signees on those seven teams listed above to earn an 18-man roster spot entering the regular season.

Exhibit 10 contracts can be converted into two-way deals before the season begins, so several of those clubs are in the process of essentially holding an open competition for that last two-way slot. Besides the Nets (Fanbo Zeng) and Mavericks (Moussa Cisse; Matthew Cleveland), the rest of those teams have at least four players in camp on Exhibit 10 deals.

Not every player who is on an Exhibit 10 contract can have it converted to a two-way deal in the next couple weeks. For instance, while the Cavaliers have Killian Hayes, Chaney Johnson, Miller Kopp, Norchad Omier, and Tristan Enaruna in camp on Exhibit 10 deals, only the latter four are candidates for two-way conversions — Hayes already has five years of NBA service and is ineligible to have his contract converted. A player is only eligible to receive a two-way contract if this would be his first, second, third, or fourth NBA season.

Although many of these seven teams will likely reward one of their standout camp invitees with a promotion to a two-way contracts, that’s not necessarily how all of them will fill their remaining opening. When teams make roster cuts later in the preseason, some intriguing two-way targets will shake loose on waivers and in free agency, so these clubs could turn to the open market to address their third two-way slot.

Even teams that already have their three two-way slots filled could end up making changes between now and opening night, which would result in some current two-way players being waived, creating more potential targets for the teams with open slots.

A player on a two-way contract is eligible to be active for up to 50 NBA regular season games and can earn up to $636,435 (half the rookie minimum) if he remains under contract through at least January 7. Teams can continue swapping players on and off on two-way contracts until March 4. You can learn more about two-way deals in our glossary entry.