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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.

Iman Shumpert Out 1-2 Weeks With Hamstring Strain

February 9th, 2021 at 6:00pm CST by Alex Kirschenbaum

Newly re-signed Nets wing Iman Shumpert will have to wait another week or two to make his season debut for a new-look Brooklyn club after straining his left hamstring, head coach Steve Nash said today, per Malika Andrews of ESPN (Twitter link).

Shumpert re-joined the Nets on January 31 on a non-guaranteed veteran’s minimum contract. The injury must be quite recent, as Nash suggested in statements made earlier this week that Shumpert was “completely available” to play.

As Bobby Marks of ESPN notes (via Twitter), Shumpert’s partially-guaranteed deal with the franchise only becomes fully guaranteed if he remains under contract through February 24, just beyond Nash’s established two-week recovery window.

It will be interesting to see whether the Nets opt to waive Shumpert in favor of another free agent wing. Defensive-oriented free agent swingmen who could be had in Shumpert’s stead include Michael Kidd-Gilchrist, most recently with the Mavericks, and former Thunder wing Andre Roberson.

Durant Continues To Test Negative

February 8th, 2021 at 5:42pm CST by Dana Gauruder

Kevin Durant isn’t expected to be available until late this week due to contact tracing but Nets coach Steve Nash said lightheartedly that his superstar forward hasn’t registered any positive coronavirus tests, Malika Andrews of ESPN tweets. “He’s taken about 90 negative tests,” Nash said. Kyrie Irving, who missed the loss to Philadelphia with a sprained right finger, is expected to play against Detroit on Tuesday, Andrews adds.

Nets Sign Noah Vonleh

February 8th, 2021 at 2:42pm CST by Arthur Hill

2:42pm: The Nets have officially announced the addition of Vonleh in a team press release. He will be available for tomorrow night’s game against the Pistons, per Malika Andrews of ESPN (Twitter link).

9:29am: Free agent power forward-center Noah Vonleh will sign with the Nets, tweets Shams Charania of The Athletic.

Vonleh will add frontcourt depth to a team that has been lacking in big men since parting with Jarrett Allen last month in the James Harden trade. Brooklyn, which recently added Norvel Pelle and Iman Shumpert, will have a full 15-man roster for the first time since the deal once the Vonleh signing becomes official.

Vonleh had several opportunities to join the G League bubble in Orlando, but he decided to wait for a call from an NBA team, according to Blake Murphy of The Athletic (Twitter link).

The 25-year-old signed with the Bulls in the offseason, but never played for the team. He contracted COVID-19 during training camp and was waived in December before the season began.

A lottery pick in 2014, Vonleh has been with six teams during his six-year NBA career. He started last year with the Timberwolves before being traded to the Nuggets at the deadline. He averaged 3.7 points and 3.4 rebounds in 36 total games.

Photo courtesy of USA Today Sports Images.

Knicks Trade DSJ, Second-Rounder To Pistons For Derrick Rose

February 8th, 2021 at 10:39am CST by Alex Kirschenbaum

FEBRUARY 8: The deal is official, the Knicks announced (via Twitter).

FEBRUARY 7, 2:50pm: The two teams are in agreement, per Adrian Wojnarowski of ESPN (Twitter link). The Knicks are acquiring Rose from the Pistons in exchange for Smith and Charlotte’s 2021 second-rounder.

12:11pm: Derrick Rose is set to be reunited with the Knicks and with his former Bulls and Timberwolves head coach Tom Thibodeau. New York is nearing an agreement to acquire Rose from the Pistons in exchange for Dennis Smith Jr. and future draft equity, per James Edwards III and Shams Charania of The Athletic (Twitter link).

Steve Popper of Newsday tweets that the draft pick being sent to the Pistons in the Rose deal will not be the Pistons’ own 2021 second-round pick that the Knicks possess, but could be the 2021 second-round pick that the Hornets owe the Knicks.

News on the exact terms of the trade have yet to be announced. How adding Rose, a savvy veteran scoring point guard with a defined ceiling, will impact the still-developing Knicks’ rotation will be interesting to see. Fan favorite rookie Immanuel Quickley and off-guard Austin Rivers may be especially liable to feel the squeeze, but whether Thibodeau opts to start Rose in place of the more defensively-oriented Elfrid Payton is unclear.

The upstart Knicks are currently the No. 7 seed in the Eastern Conference with an 11-13 record. Offloading future draft picks for a 32-year-old veteran in a move to improve the current on-court product is a curious decision for a club that had very much been prioritizing young players this season. Even All-Star hopeful Julius Randle is only 26.

The Knicks were not the only team in the market for Rose’s services this season. The Clippers, Heat, Bucks, and Nets were apparently all interested in dealing for Rose, per Vincent Goodwill of Yahoo Sports (Twitter link).

Charania adds (via Twitter) that Rose and the Pistons mutually agreed a trade was in both sides’ best interests. The Knicks had been floated as Rose’s “preferred destination” due to his familiarity with Thibodeau and his tenure with the team in 2016/17, his last season as a full-time starter.

Rose is in the final season of a two-year, $15MM contract he inked with Detroit in the summer of 2019. Across 22.8 MPG, Rose has been averaging 14.2 PPG, 4.2 APG, and 1.9 RPG in 15 games for the 5-18 Pistons, the worst team in the Eastern Conference.

Smith, meanwhile, has dropped out of the Knicks’ rotation. He has appeared in just three games for the Knicks this season, but could be counted on to play a bigger role for the Pistons. With 2020 No. 7 lottery pick Killian Hayes injured for the immediate future, Delon Wright has assumed Detroit’s starting point guard duties. In the absence of Hayes, two-way rookie Saben Lee had emerged as the the third pure point guard option behind Rose.

Both Rose and Smith will be free agents at season’s end — Smith is eligible for restricted free agency, though it would require a $7MM qualifying offer from Detroit. The Pistons will have his full Bird rights, while the Knicks will have Rose’s Early Bird rights.

Photo courtesy of USA Today Sports Images.

Nets Notes: Pelle, Shamet, Irving, Drummond

February 7th, 2021 at 11:59am CST by Arthur Hill

Center Norvel Pelle played just 17 minutes before fouling out Saturday in his first game with the Nets, but he showed how he can help the team as a rim protector, writes Alex Schiffer of The Athletic. Pelle, who had to wait through a seven-day quarantine after signing last week, blocked three shots during his short stint. Coach Steve Nash expects better things once Pelle works through conditioning issues.

“He’s out of shape a little bit for NBA standards,” Nash said. “You could see him out there. I was proud of him for fighting through, trying to get his legs and his lungs going. He obviously has some instincts blocking shots, which is I think his reputation and why we looked at him. I was proud of the way he conducted himself and worked hard.”

Iman Shumpert, the Nets’ other free agent addition, didn’t play at all Saturday, and Nash isn’t sure when he’ll make his debut. He also had to quarantine and won’t participate in his first practice with the team until Monday.

There’s more from Brooklyn:

Landry Shamet seems to have rediscovered his shot and could be a valuable scoring option off the bench, Schiffer adds in the same story. He’s averaging 12 PPG and shooting 40% from 3-point range in his last five games. “Just change a few things mentally, stay solid, simplify,” Shamet said of breaking out of a slump. “It’s not the end of the world. It’s basketball. It’s just knowing what I’m capable of and knowing that I’m doing everything I’m supposed to be doing, working hard, taking care of my body, doing everything I’m supposed to be doing. It’s mostly mental.”
Kyrie Irving‘s sprained finger isn’t expected to be a long-term concern, according to Greg Joyce of The New York Post. Irving missed Saturday’s game and is being considered day-to-day. “(Irving) genuinely has a swollen finger and took a knock to it (Friday),” Nash said. “So hopefully it’s day-to-day. I think everybody’s proceeding as it is.”
ESPN’s Adrian Wojnarowski is the latest media figure to comment on the possibility of the Nets acquiring Cavaliers center Andre Drummond after a buyout. On Friday’s pre-game show, Wojnarowski said Drummond might be willing to take a buyout if the Cavs don’t trade him by the March 25 deadline. He suggests the Nets could offer Cleveland Spencer Dinwiddie, who is out for the season with an ACL injury, but other teams are also interested in the 27-year-old guard.

Kevin Durant Won’t Rejoin Nets Until Friday

February 6th, 2021 at 5:38pm CST by Arthur Hill

Coach Steve Nash told the media that Kevin Durant will be able to rejoin the Nets on Friday, tweets Malika Andrews of ESPN. Durant is sidelined due to contact tracing after being with someone who tested positive for the coronavirus.

That person is a team employee who Durant was with yesterday, sources tell Andrews (Twitter link). They were together for drives to and from testing and to the arena for last night’s game and didn’t appear to be wearing masks.

Although Durant has continued to test negative, the decision was made that he should quarantine for seven days due to his contact with the employee (Twitter link). All other Nets players and staff have tested negative, including tests conducted after the game (Twitter link).

Nash stated that the person Durant was in contact with isn’t the same one who caused his last quarantine, per Brian Lewis of The New York Post (Twitter link). Nash added that he trusts Durant’s judgment, along with all of his players, in matters involving the virus.

Durant will miss three games this week, starting with tonight’s contest in Philadelphia. Brooklyn also plays Tuesday at Detroit before returning home Wednesday against Indiana. If he continues to test negative, Durant’s next game will be his return to Golden State next Saturday.

The Nets are angry over how the NBA handled Durant’s situation, Lewis writes in a full story. The league ruled that Durant had to be scratched from the starting lineup, but then permitted him to play in the first quarter before deciding that he had to leave the game during the third quarter.

“We get tested every single day. He’s been negative, so I don’t understand what the problem is,” James Harden said. “If that was the case, the game should’ve been postponed. If we’re talking about contact tracing, he was around all of us, so I don’t understand why he was wasn’t allowed to play then was able to play and then taken back off.”

Kyrie Irving To Miss Game Due To Right Finger Sprain

February 6th, 2021 at 11:27am CST by marksuleymanov

Nets point guard Kyrie Irving will not play in Saturday’s contest against the Sixers in Philadelphia due to a right index finger sprain, the team announced in its injury report.

Irving played in the Nets’ 123-117 loss at home to the Raptors on Friday, notching 15 points, five rebounds, and five assists in 39 minutes. It was Irving’s first game scoring fewer than 20 points since January 25.

Ever since returning from an extended mercurial absence in early January, Irving has played well for the Nets. In total, Irving is averaging a career-high 27.5 PPG along with 5.7 APG and 4.8 RPG in 16 games.

Additionally, Brooklyn listed Kevin Durant as questionable for Saturday’s game despite a report he could miss multiple games and that he would not travel to the team to Philadelphia. Durant is undergoing health and safety protocols after a person he was around returned a positive COVID-19 test.

Nets’ Kevin Durant May Miss ‘Multiple Games’ Amid Contact Tracing

February 6th, 2021 at 10:57am CST by marksuleymanov

Nets superstar Kevin Durant could miss multiple games as he undergoes contact tracing under the league’s health and safety protocols, ESPN’s Malika Andrews and Adrian Wojnarowski report.

Durant will not travel with the team to Philadelphia for tonight’s matchup against the Sixers and it remains to be seen if he will suit up Tuesday in Detroit.

It was an odd series of events on Friday night as Durant was initially held out of the Nets’ home tilt against the Raptors to undergo contact tracing. Someone Durant had been in contact with returned an inconclusive COVID-19 test but after being given the all-clear, Durant returned to the bench and entered the game late in the first quarter.

The 32-year-old seemed out of rhythm, registering just eight points while also picking up four fouls early into the third quarter. As officials reviewed a foul called on Durant, he was deemed ineligible to remain in the game due to health and safety protocols. The Nets went on to lose 123-117 in one of the more chaotic games of the season.

Durant was visibly frustrated after he was pulled for the rest of the game and tweeted, “Free me” late in the fourth quarter. He also called out the NBA in a separate tweet: “Yo @nba, your fans aren’t dumb!!!! You can’t fool em with your Wack ass PR tactics.. #FREE7.”

In early March of last year, Durant contracted COVID-19 and just a month ago, missed four games in early January due to health and safety protocols after being exposed to someone with COVID-19. Per ESPN, Durant continued registering COVID-19 antibodies in January.

At 14-10, the Nets and their threesome of Durant, Kyrie Irving and James Harden have played well when all are on the court. However, safety protocols and an extended Irving absence have not given the team ample time to establish consistency.

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.