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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:

  1. Golden State Warriors: $11.33 billion
  2. Los Angeles Lakers: $10 billion
  3. New York Knicks: $9.85 billion
  4. Los Angeles Clippers: $6.72 billion
  5. Boston Celtics: $6.35 billion
  6. Brooklyn Nets: $6.22 billion
  7. Chicago Bulls: $6.12 billion
  8. Miami Heat: $6.03 billion
  9. Philadelphia 76ers: $5.61 billion
  10. Houston Rockets: $5.53 billion
  11. Dallas Mavericks: $5.24 billion
  12. Toronto Raptors: $5.22 billion
  13. Phoenix Suns: $5.09 billion
  14. Atlanta Hawks: $5.02 billion
  15. Sacramento Kings: $5 billion
  16. Cleveland Cavaliers: $4.86 billion
  17. Denver Nuggets: $4.8 billion
  18. Washington Wizards: $4.78 billion
  19. Indiana Pacers: $4.76 billion
  20. Milwaukee Bucks: $4.54 billion
  21. San Antonio Spurs: $4.5 billion
  22. Oklahoma City Thunder: $4.34 billion
  23. Utah Jazz: $4.27 billion
  24. Portland Trail Blazers: $4.25 billion
  25. Minnesota Timberwolves: $4.24 billion
  26. Orlando Magic: $4.21 billion
  27. Detroit Pistons: $4.17 billion
  28. Charlotte Hornets: $4.13 billion
  29. New Orleans Pelicans: $4.02 billion
  30. 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.

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Hornets Waive Center Ibou Badji

October 14th, 2025 at 9:03pm CST by Dana Gauruder

The Hornets have waived center Ibou Badji, the team’s PR department tweets.

Badji, who appeared in one preseason game this month, saw action in 22 NBA games during the 2023/24 season while on a two-way contract with Portland. He averaged 1.5 points, 2.3 rebounds, and 0.9 blocks in 10.3 minutes per contest during his time with the Trail Blazers.

Outside of that stint in Portland, Badji has spent the rest of his professional career playing in the G League or in Spain, including most recently with La Laguna Tenerife, which competes in Spain’s top basketball league (Liga ACB). The 23-year-old headed overseas in the spring after appearing in 50 games for the Wisconsin Herd during the 2024/25 G League season.

The seven-footer from Senegal put up 6.0 PPG, 5.4 RPG, and an impressive 3.5 BPG in 22.4 MPG for the Herd, earning himself as spot on the NBAGL’s All-Defensive team.

The Greensboro Swarm acquired Badji’s returning rights from Wisconsin in August, which suggests the plan all along was for Badji to join Charlotte’s G League affiliate. Assuming he clears waivers, he would earn a bonus worth $85,300 if he spends at least 60 days with the Swarm.

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Southwest Notes: Castle, Eisley, Thompson, Rockets Preseason, China

October 13th, 2025 at 2:53pm CST by Dana Gauruder

Last season’s Rookie of the Year, Stephon Castle, will make his preseason debut on Monday, Jeff McDonald of the San Antonio Express News reports.

Castle missed the Spurs‘ first three preseason contests with a right knee contusion. He suffered the injury during the team’s Oct. 4 Silver & Black scrimmage after banging knees with Victor Wembanyama.

With De’Aaron Fox expected to be sidelined at the beginning of the regular season, Castle is projected to be the Spurs’ opening-night starter at point guard.

We have more from the Southwest Division:

  • The Mavericks have hired Howard Eisley as a scout, Michael Scotto of HoopsHype tweets. Eisley was an assistant for Michigan under previous head coach Juwan Howard. He has also been an assistant coach with the Knicks, Wizards and Clippers.
  • Klay Thompson was assigned to guard Hornets point man LaMelo Ball during a preseason game, but Mavericks head coach Jason Kidd indicated the team can’t expect the 35-year-old wing to take on those matchups on a regular basis. “Melo’s a little different because he can score and pass,” Kidd said, per Grant Afseth of the Dallas Hoops Journal. “But we thought looking at that (Saturday) was something we needed to see. Making it tough on Melo isn’t easy — he’s gonna have the ball 90% of the time. But I thought Klay did a good job. He can still compete at that level at this stage of his career. We’re not going to ask him to do it every night, but (Saturday) he showed he can compete.”
  • The Rockets wrap up their preseason schedule with games on Tuesday and Thursday this week. Playing time and rotations in the next two games will be more reflective of what they want to implement in the regular season, according to Danielle Lerner of the Houston Chronicle. Starters will have their minutes increased to the mid-20s and 30-range, and the team will utilize more sophisticated schemes.
  • The Mavericks and Rockets will play a preseason game in China next year, Mike Curtis of the Dallas Morning News tweets. Mavs governor Patrick Dumont confirmed via the South China Morning Post that Dallas will participate in next season’s NBA China Games. “Yes, the Mavericks and the Rockets, here in Macau next year. Are you ready?” Dumont said.
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Eastern Notes: Nets, Giannis, Barlow, Sixers, Plumlee

October 12th, 2025 at 3:42pm CST by Luke Adams

Nets owner Joe Tsai raised some eyebrows by stating during a recent panel appearance that his team is prioritizing a good draft pick in 2026 and that, as a result, “You can predict what kind of strategy we will use for this season.” Asked on Sunday about that remark, head coach Jordi Fernandez deftly put a positive spin on it, tweets Brian Lewis of The New York Post.

“He says he wants a good draft pick because no matter where we pick, our front office is so good we’re going to pick a very good player,” Fernandez said. “… So whatever we pick, that’s why he’s excited, because we’re going to pick right.”

Despite Fernandez’s spin, the general consensus is that it will be a challenging season for the Nets, who are incorporating five rookies and traded away second-leading scorer Cameron Johnson over the summer. Still, it’s worth noting that Fernandez’s team outperformed expectations last season by winning 26 games after being widely viewed as the NBA’s worst team entering the year.

We have more from around the Eastern Conference:

  • Bucks forward Giannis Antetokounmpo took part in five-on-five work at Saturday’s practice and the plan is for him to make his preseason debut on Sunday against Chicago, according to head coach Doc Rivers (Twitter link via Eric Nehm of The Athletic). Antetokounmpo got off to a late start this fall due to a case of COVID-19 that forced him to miss the first several days of training camp.
  • Sixers forward Dominick Barlow is making a strong case for a promotion from his two-way contract to a standard deal with his play this preseason, contends Keith Pompey of The Philadelphia Inquirer. I’d be surprised if Philadelphia is in any rush to fill its 15th roster spot due to the luxury tax implications, but Barlow is well positioned for rotation minutes to open the season. He even has a chance to be the team’s starting power forward until Paul George is ready to suit up, suggests Tony Jones of The Athletic (Twitter link).
  • The Sixers are naming JP Clark the head coach of their G League affiliate, the Delaware Blue Coats, reports Michael Scotto of HoopsHype (Twitter link). Clark, who has previously worked for the Clippers and Celtics, is being promoted from his role as Blue Coats assistant.
  • Mason Plumlee is the experienced veteran among a group of Hornets centers that features 23-year-olds Moussa Diabate and Ryan Kalkbrenner, but he said this week that he didn’t sign with Charlotte as a free agent just to be a mentor and leader, as Roderick Boone of The Charlotte Observer writes. “I think I have a lot to offer, especially the young guys in my position,” Plumlee said. “But my understanding is we’re playing to win this year. So, that was my interest in coming here and I want to contribute to that.”
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Miller Says Knueppel Is Primed For 'Great Career'

October 11th, 2025 at 11:03am CST by Rory Maher

Free agent addition Tyus Jones and trade acquisition Desmond Bane started their second straight preseason game on Friday for the Magic, writes Jason Beede of The Orlando Sentinel. The veteran guards were once again paired with mainstays Franz Wagner, Paolo Banchero and Wendell Carter Jr.

Head coach Jamahl Mosley praised Carter after the 26-year-old big man accumulated 20 points, 13 rebounds and three assists in 21 minutes during the 30-point victory over Philadelphia, Beede notes.

“The work that he continues to put in, his presence around that rim, his presence on the floor, his demeanor, it changes the way we play,” Mosley said about Carter. “When he plays with that presence, that poise and that strength for our team, it goes such a long way.”

According to Beede, the first five players of the bench for Orlando were Anthony Black, Jase Richardson, Jett Howard, Tristan Da Silva and Goga Bitadze. The Magic selected four of those players in the first round of the past three drafts, with Bitadze being the lone exception.

Here are a few more notes from around the Southeast Division:

  • While president of basketball operations Jeff Weltman said a couple weeks ago that the Magic were targeting opening night for Jalen Suggs‘ return from the left knee injury that has sidelined him since January, the team continues to take a cautious approach to his recovery. Mosley said before Friday’s contest that Suggs has done a limited amount of contact work to this point, according to Beede. “We’re slowly ramping him up,” Mosley said. “I think he’s different in the sense that how he responds to what we do on a day-to-day [basis]. He’s been in some 5-on-0, does that, not much contact in situations. But slowly trying to bake him in there. As we go on the next couple weeks, we’ll be able to see and tell more from that.”
  • Forward/center Precious Achiuwa went unsigned for most of the offseason before agreeing to a non-guaranteed training camp deal with the Heat in late September. Achiuwa, who was drafted by Miami and spent his rookie year with the team before being traded to Toronto in the 2021 offseason, said he’s happy to be back with his first NBA team, as Anthony Chiang of The Miami Herald relays. “I think there’s some unfinished business,” Achiuwa said of returning to the Heat. “Just the culture of the Miami Heat kind of fits the way I play. A lot of tenacity, a lot of intensity. So I feel right at home here.”
  • Brandon Miller has been impressed with fellow wing Kon Knueppel during training camp and preseason, per Roderick Boone of The Charlotte Observer. “Definitely a great competitor,” Miller said of Knueppel. “He’s going to have a great career in this league. I’m rooting. We’re going to be right there behind him, supporting him as he continues to get better every day. So, hats off to him for coming in with the most confidence, just continue to have that confidence and that competitive spirit. You can’t ask for much more from him.” Miller was the No. 2 overall pick of the 2023 draft, while Knueppel was selected fourth overall in June.
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2025/26 NBA Over/Unders: Southeast Division

October 10th, 2025 at 1:52pm CST by Luke Adams

With the 2025/26 NBA regular season tipping off later this month, we’re getting serious about predictions for the upcoming campaign and continuing an annual Hoops Rumors tradition.

With the help of the lines from a series of sports betting sites – including BetMGM and BetOnline – we’re running through the predicted win totals for each of the NBA’s 30 teams, by division. In a series of team-by-team polls, you’ll get the chance to weigh in on whether you think those forecasts are too optimistic or too pessimistic.

In 2024/25, our voters went 13-17 on their over/under picks. Can we top that in ’25/26?

We’ll continue our series today with the Southeast Division…

Orlando Magic

Atlanta Hawks

Miami Heat

Charlotte Hornets

Washington Wizards

Previous voting results:

Atlantic

  • New York Knicks (53.5 wins): Over (63.2%)
  • Boston Celtics (42.5 wins): Over (52.7%)
  • Philadelphia 76ers (42.5 wins): Under (58.7%)
  • Toronto Raptors (37.5 wins): Over (50.2%)
  • Brooklyn Nets (20.5 wins): Over (54.4%)

Central

  • Cleveland Cavaliers (56.5 wins): Over (58.0%)
  • Detroit Pistons (46.5 wins): Over (60.5%)
  • Milwaukee Bucks (42.5 wins): Over (74.4%)
  • Indiana Pacers (37.5 wins): Over (50.1%)
  • Chicago Bulls (32.5 wins): Over (60.8%)

Northwest

  • Oklahoma City Thunder (62.5 wins): Over (62.9%)
  • Denver Nuggets (53.5 wins): Over (72.1%)
  • Minnesota Timberwolves (49.5 wins): Over (58.7%)
  • Portland Trail Blazers (34.5 wins): Over (57.1%)
  • Utah Jazz (18.5 wins): Over (55.3%)

Pacific

  • Los Angeles Clippers (48.5 wins): Under (58.7%)
  • Los Angeles Lakers (48.5 wins): Under (52.1%)
  • Golden State Warriors (46.5 wins): Over (68.3%)
  • Sacramento Kings (34.5 wins): Over (55.1%)
  • Phoenix Suns (31.5 wins): Under (56.8%)
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Hornets Waive DJ Rodman

October 7th, 2025 at 4:17pm CST by Dana Gauruder

The Hornets have waived DJ Rodman, the team’s PR department tweets.

Rodman was added to the camp roster last week after the team signed and waived him earlier in September.

Rodman, the son of Hall of Famer Dennis Rodman and brother to NWSL superstar Trinity Rodman, has been in the G League since going undrafted out of USC in 2024. He split his 2024/25 season with the Capital City Go-Go and Maine Celtics. In 25 games with Maine, he averaged 6.8 points and 5.7 rebounds in 24.2 minutes per contest.

More recently, he suited up for Charlotte’s Summer League squad.

The 6’6” Rodman spent five collegiate seasons with Washington State and the Trojans, averaging 6.1 PPG on .411/.354/.764 shooting. He also averaged 4.2 RPG, 1.0 APG and 0.5 SPG across his 143 NCAA games.

Assuming Rodman goes unclaimed on waivers, he’ll earn a bonus worth $25K if he joins Charlotte’s G League squad, the Greensboro Swarm, and remains with that team for at least 60 days.

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Hornets Notes: Knueppel, Miller, McNeeley, Kalkbrenner, Plumlee

October 6th, 2025 at 9:59am CST by Arthur Hill

Two spots in the Hornets‘ starting lineup are uncertain as the regular season approaches, and coach Charles Lee indicated they could be flexible for a while, writes Roderick Boone of The Charlotte Observer. Moussa Diabate was the starting center for Sunday’s preseason opener against Oklahoma City, while rookie Kon Knueppel got the nod at small forward.

“I spoke with Tre (Mann) and Kon and Collin (Sexton), and I said, ‘I think you guys need to be prepared to start a lot of different ways and we’ll see how the season goes,’” Lee said. “I think that each one of them has had really high moments or really good bright spots and have shown that they learned to be out there and have a significant role. And all three I think will have a significant role. And every night it might look a little bit different and they need to be open minded to it. And so (Sunday), trying to just get some data on what lineups I think work well defensively, what lineups work well offensively and we’ll keep kind of carving out what we think makes the most sense for our team on a night-to-night basis.”

Knueppel, the fourth pick in this year’s draft, led Charlotte in scoring with 18 points, shooting 6-of-13 from the field and 4-of-10 beyond the arc. He’s eager to launch his NBA career and isn’t concerned about whether he’s used as a starter or a reserve.

“I think it doesn’t really matter,” Knueppel said. “I think we’re all going to contribute a bunch or all three of us will. So, just depending on the matchups each night, we want to start out on their guard heavy. Maybe he goes to one of those guys just depending on the matchup. But I think we’ll all get similar playing time every game.”

There’s more from Charlotte, all from Boone:

  • Sunday night marked Brandon Miller‘s return to the court for the first time since he tore a ligament in his right wrist in January. Boone notes that Miller didn’t show any lingering effects from the injury, throwing down a pair of dunks with his right hand and driving into the lane with no fear of contact. “Just getting that feel back,” Miller said. “I haven’t played basketball with my guys in a long time, so I would say just getting the feel back and building that confidence and bond that we have with our teammates, just being that stronger every day.”
  • Rookies Liam McNeeley and Ryan Kalkbrenner also saw significant minutes in their debuts Sunday night. They both displayed a mix of inexperience and positive plays, and Lee was encouraged by what he saw. “I think everyone got to see what these kids are about,” he said. “Our young rookies, they’re fearless, they don’t back down. Their competitive spirit, their winning spirit, they’re coming up with offensive rebounds, they’re diving on the floor for loose balls. There’s a physicality, there’s a togetherness.”
  • Mason Plumlee joined the team on Sunday after missing nearly a week with an excused absence. He participated in warmups but didn’t play as Lee gave the minutes at center to Diabaté and Kalkbrenner.
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Tre Mann Grateful To Return After Lost Season

October 4th, 2025 at 8:37pm CST by Arthur Hill
  • Hornets guard Tre Mann is happy to be able to play again after a back injury derailed last season after 13 games, relays Roderick Boone of The Charlotte Observer. Mann admitted going through a “dark time” during the long recovery process, but now says he’s grateful for “just being in the NBA, being healthy and putting on the NBA jersey.”
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Southeast Notes: Kalkbrenner, Miller, Jovic, Middleton

October 4th, 2025 at 1:35pm CST by Dana Gauruder

There’s competition for the center spot on the Hornets’ roster and rookie second-rounder Ryan Kalkbrenner is making a strong bid to be part of the rotation, writes Rod Boone of the Charlotte Observer (subscription required).

The 34th pick of the draft is a seasoned Big East veteran out of Creighton and he’s making a strong impression during training camp.

“His basketball IQ stands out to me, his competitiveness stands out to me and I think his willingness to keep it simple stands out to me,” coach Charles Lee said. “I think that he’s in the right positions a lot of times because he’s willing to do whatever it takes to kind of help his teammates defensively and offensively. And so he’s been phenomenal — as have all the rookies. But he’s stood out.”

Kalkbrenner has been encouraged by the atmosphere during the first week of camp.

“It’s been great,” Kalkbrenner said. “I was thinking about this as we were wrapping up practice. As you go through this draft process, you don’t know what team you’re going to end up with, how the guys are going to be. And I couldn’t be happier with the group I’m with. Come in every day — I don’t always know what I’m doing, but they’ve been so helpful in helping me get better and improve. And I’m feeling much more comfortable because of that. So, it’s been great.”

We have more from the Southeast Division:

  • Hornets forward Brandon Miller missed a good chunk of last season due to a wrist injury. Miller, still just 22 and entering his third season, can not only be a future All-Star but a legacy player, in executive VP of basketball operations Jeff Peterson‘s estimation. “I don’t want to put a cap or a ceiling on him because Brandon can be as good as he wants to be. He can be a Hall of Famer,” Peterson said, per Langston Wertz Jr. of the Charlotte Observer. “And he knows the expectations on him this season. More importantly, he has those same expectations for himself.”
  • Heat forward Nikola Jovic has appeared in exactly 46 games in each of the last two seasons. Jovic also missed most of his rookie season with a back injury. He has dealt with hamstring, ankle, hand and nasal injuries the past two seasons but Jovic, who signed a four-year extension this week, disputes the notion he’s injury-prone, Barry Jackson of the Miami Herald writes. “I broke my foot [when I] stepped on someone,” he said. “I broke my nose [when] someone elbowed me. I broke my hand because someone hit my hand. What was I supposed to do? If someone hits you, I can’t talk to my bone and tell it to not break. Hopefully, I’m preparing my body for the whole season and play as many games as I can.”
  • Wizards wing Khris Middleton is an anomaly on a roster filled with young players trying to prove their worth. That makes him an essential piece — a veteran those players can lean on for advice and guidance, according to Josh Robbins of The Athletic. “These guys are eager to play, and that’s what basketball players want to be around, people that are energetic, happy about playing basketball, being around basketball,” Middleton said. “That’s what I love about this group. They’re all young. They’re all learning. I just want to help guide them on their way. I don’t want to necessarily overstep and try to be the ‘super vet.’ I want to give them room and a path to let them grow and find their own journey, like my own vets did with me.”
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