Warriors Remain Atop 2024 NBA Franchise Valuations
The Warriors remain the NBA’s most valuable team, according to Kurt Badenhausen of Sportico, who unveiled the website’s updated NBA franchise valuations for 2024 on Wednesday.
Badenhausen projects the Warriors’ value at $9.14 billion, making them one of three teams to surpass the $8 billion mark this year. The Knicks have a projected worth of $8.3 billion, while the Lakers come in at $8.07 billion, per Sportico. Only the NFL’s Dallas Cowboys – at $10.3 billion – have a higher valuation than Golden State among North American sports teams, says Badenhausen.
While Sportico’s figures suggest the Warriors, Knicks, and Lakers are worth significantly more than the fourth-place team (the Nets at $5.7 billion), the average value of an NBA franchise is up to $4.6 billion, with no team worth less than $3 billion.
That average has increased by 15% since Sportico released its 2023 valuations last December and has nearly doubled since the site published its first NBA franchise valuations four years ago, when the average was $2.37 billion.
The NBA’s new $77 billion media rights deal and a 15% increase in team sponsorship are among the factors contributing to the rising valuations of the league’s franchises, according to Badenhausen, who notes that a post-COVID boom in concerts and other major events has been good news for team owners who also control their arenas.
NBA team owners operated 10 of the world’s 20 highest-grossing concert venues in 2024, with the Nets’ Barclays Center coming in at No. 1, says Badenhausen. The Nets’ valuation is up 43% this year, per Sportico, easily the largest year-over-year increase among the 30 NBA franchises.
When Forbes put out its NBA franchise valuations in October, it pegged the average value of a team at $4.4 billion. In the past, we’ve used Forbes as our primary source for NBA franchise valuations, but with Badenhausen making the move from Forbes to Sportico in recent years and the outlet establishing itself as a go-to resource for sports business news, we begun highlighting Sportico’s projections as of 2023.
Of course, it’s worth noting that figures from Sportico, Forbes, 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 2024:
- Golden State Warriors: $9.14 billion
- New York Knicks: $8.3 billion
- Los Angeles Lakers: $8.07 billion
- Brooklyn Nets: $5.7 billion
- Los Angeles Clippers: $5.68 billion
- Boston Celtics: $5.66 billion
- Chicago Bulls: $5.56 billion
- Miami Heat: $5 billion
- Houston Rockets: $4.77 billion
- Toronto Raptors: $4.66 billion
- Philadelphia 76ers: $4.57 billion
- Dallas Mavericks: $4.46 billion
- Phoenix Suns: $4.32 billion
- Sacramento Kings: $4.11 billion
- Atlanta Hawks: $4.07 billion
- Denver Nuggets: $4.06 billion
- Washington Wizards: $3.98 billion
- Cleveland Cavaliers: $3.95 billion
- Milwaukee Bucks: $3.91 billion
- San Antonio Spurs: $3.79 billion
- Indiana Pacers: $3.74 billion
- Utah Jazz: $3.67 billion
- Portland Trail Blazers: $3.6 billion
- Oklahoma City Thunder: $3.55 billion
- Orlando Magic: $3.46 billion
- Detroit Pistons: $3.45 billion
- Charlotte Hornets: $3.39 billion
- Minnesota Timberwolves: $3.29 billion
- New Orleans Pelicans: $3.09 billion
- Memphis Grizzlies: $3.06 billion
As Badenhausen notes, Sportico’s projections are based on a control sale price, rather than limited stake purchases. No NBA franchise saw its majority control change hands in 2024, but that could change in 2025, with control of the Celtics up for sale.
According to Badenhausen, team executives and investors have predicted a sale price ranging from $4.5 billion to $6.5 billion for the Celtics. The final valuation will be determined by a number of factors, including how many bidders are on the mix, what percentage of the team they can buy, and whether current governor Wyc Grousbeck insists on remaining in that role until 2028, which he has indicated is his goal.
Southwest Notes: Kennard, Welts, Mavs, Murray, Spurs
Grizzlies sharpshooter Luke Kennard has seen his playing time decline this season to 19.7 minutes per game, the second-lowest mark of his career, and was a DNP-CD last Friday for the first time in 2024/25.
However, Kennard earned praise from head coach Taylor Jenkins for providing Memphis with excellent minutes off the bench against the Lakers on Sunday. Although the Grizzlies lost the game by six points, Kennard was a +18 in 18 minutes of action, knocking down three 3-pointers.
“I give him a lot of credit,” Jenkins said (Twitter video link via Law Murray of The Athletic). “While the group’s been playing well and he was out of the rotation, he’s been putting in all the work. I thought he gave us a spark. It wasn’t even (just) him knocking down some shots. The way he was moving, he was cutting, he was driving, touching the paint, facilitating — just kind of ignited our offense.”
Among the three Grizzlies players who are on expiring contracts this season, Kennard has the highest cap hit at $9.25MM, so if his role doesn’t increase and Memphis looks to make an in-season move on the trade market, he could emerge as a candidate to be dealt by February 6.
Here’s more from around the Southwest:
- The Mavericks have hired former Warriors president and Hall of Fame executive Rick Welts as their new CEO, reports Brad Townsend of The Dallas Morning News (subscription required). Welts, who is replacing Cynt Marshall when she retires on December 31, will oversee the Mavs’ business operations, while general manager Nico Harrison continues to oversee the basketball operations, but the two departments will “work closely together whenever possible,” Townsend explains. Both Welts and Harrison will report to Mavs governor Patrick Dumont.
- Mavericks stars Luka Doncic (left heel contusion) and Kyrie Irving (right shoulder soreness) didn’t participate in practice on Tuesday, but neither injury appears to be a cause for major concern, says Grant Afseth of Dallas Hoops Journal (Substack link).
- A disastrous season in New Orleans that has seen the Pelicans lose 22 of their first 27 games has been made even worse by the struggles of offseason addition Dejounte Murray, writes William Guillory of The Athletic. The Pelicans gave up a significant trade package to acquire Murray from Atlanta in the hopes of solidifying their point guard position, but through his first 10 games, he has shot just 36.4% from the floor and 28.1% on three-pointers, both far below his career rates. Murray has also averaged a career-high 4.2 turnovers per game.
- Spurs forward Jeremy Sochan appears to have reclaimed his spot in the team’s starting lineup, writes Tom Orsborn of The San Antonio Express-News (subscription required), which means that rookie Stephon Castle may no longer have a place in the starting five. Castle came off the bench on Sunday for the first time since November 4 and struggled in his new role, scoring just two points on 1-of-8 shooting. San Antonio was outscored by 23 points during his 23 minutes on the court.
Southwest Notes: Popovich, Thompson, Morant, Boston
Spurs coach Gregg Popovich has released a statement via the team’s PR department regarding his recovery from a stroke and the support he’s received since he stepped away from the team (Twitter link). Popovich mentioned that he anticipated returning to coaching at some point.
“This has certainly been an unexpected six weeks for my family and me,” Popovich said. “As we work together on my recovery, I want to take a moment to share that the outpouring of support we’ve received during this time has been truly overwhelming in the best possible way. While I wish I could get back to each one of you, for now, let me say that my family and I are forever grateful. We’re thankful for our wonderful community, the entire Spurs organization, and our family and friends.
“No one is more excited to see me return to the bench than the talented individuals who have been leading my rehabilitation process. They’ve quickly learned that I’m less than coachable.”
Popovich suffered a mild stroke on Nov. 2. This was his first public statement since the Spurs initially announced he would be away from the team. Assistant Mitch Johnson has served as the club’s acting head coach in Popovich’s absence.
We have more from the Southwest Division:
- Longtime Warriors guard Klay Thompson scored a season-high 29 points in the Mavericks’ win at Golden State on Sunday. It was the second trip back to his former home arena and Thompson said he was much more relaxed. “Way easier,” Thompson said, per Ohm Youngmisuk of ESPN. “Especially not seeing all the captain’s hats. I saw a few of those. Much easier. Felt more settled in than the first time I was out here.” Warriors employees lined up along the walls of the ramp where the visiting team arrives at Chase Center and saluted Thompson with a tip of a captain’s hat in Dallas’ first trip there last month.
- Grizzlies guard Ja Morant said earlier this month that he doesn’t want to dunk anymore as he tries to avoid injuries any way he can. However, his teammates are somewhat skeptical, according to Damichael Cole of the Memphis Commercial Appeal. “I don’t think that he’s serious,” forward Brandon Clarke said. “I just don’t think that he’s going to dunk as many on people because that’s when it’s a risk of getting fouled hard or getting hurt.”
- The Pelicans lost their 13th straight road game on Sunday but they got a strong effort from reserve two-way player Brandon Boston, who scored 20 points to lead five Pelicans in double figures. “His confidence is growing more and more as he progresses throughout the season,” Pelicans coach Willie Green said, per the Associated Press. “He’s understanding his role. He’s started some games. Right now he’s in the second unit. He’s getting solid minutes each and every game and he’s very confident in what he can do once he touches the floor.”
Texas Notes: Wembanyama, Rockets, Washington, Exum
All-Defensive Spurs center Victor Wembanyama intends to suit up for the French national team every time he gets the chance, per L’Equipe (hat tip to Eurohoops for the translation). The 7’4″ big man added that he plans to rejoin his countrymen for the EuroBasket competition next summer.
“I don’t know the exact dates, but there’s always time to make it work with the French team,” Wembanyama said. “You just have to sacrifice a bit of your physical preparation for the following season. So yeah, it’s definitely my goal to play for the French team every summer.”
Wembanyama indicated that he had spoken with new Team France head coach Frederic Fauthoux about his intentions.
“I’ve spoken with him briefly since he became coach. But we haven’t formally discussed any specific deadlines,” Wembanyama said.
The reigning Rookie of the Year averaged 15.8 points, 9.7 rebounds, 3.3 assists, 1.7 blocks, and 2.0 steals per game for the French national team during last summer’s Olympic games in Paris. France won its second consecutive silver medal thanks in large part to his efforts.
There’s more out of the Lone Star State:
- While they didn’t get past the Thunder in the NBA Cup semifinals on Saturday, the Rockets proved that they belong in the conversation as legitimate threat in the West with their 91-90 tournament quarterfinal victory over Golden State, writes Kelly Iko of The Athletic. “When you get a taste of winning, it’s from the other side,” guard Jalen Green said after the win. “It’s a side I ain’t been on in two, three years of this. You’re going to do whatever it takes. So I saw the opportunity to dive on the floor, and I took it. The results came out amazing.”
- In the midst of his best season yet, Mavericks forward P.J. Washington has emerged as a critical below-the-radar contributor, opines Mike Curtis of The Dallas Morning News. To wit, Dallas has gone 1-5 without Washington available thus far this season. “[If] they watch the game and see how much dirty work he’s doing, he’s on the floor,” center Dereck Lively said of his teammate. “He’s gambling for loose balls. He’s trying to get a jump ball. He’s trying to get rebounds. He’s trying to attack the rim. He’s trying to shoot the ball. My man P.J. is an amazing player.”
- Injured Mavericks guard Dante Exum is taking big strides as he works his way back from a right wrist surgery, Curtis tweets. He has missed all 25 of Dallas’ games so far this year — the Mavericks have gone 16-9 without him. “He’s doing a lot of work with the left hand to be able to go both ways with his right and left,” head coach Jason Kidd said. “I think his attitude and he’s been working extremely hard. He looks great.” When Exum underwent surgery in early October, reports indicated he was expected to miss three months.
Spurs Notes: Paul, M. Johnson, Wembanyama
Spurs point guard Chris Paul is on a one-year contract, but he doesn’t necessarily plan on calling it a career when that deal expires. Speaking to Hall of Famer and former Spurs point guard Tony Parker an interview posted by the team (YouTube link), Paul suggested he still has “maybe a year or two” left in the tank.
“I’m still trying to feel it out,” Paul said. “I think the hardest part is—like, I love this, like practice today, I love hooping, I love all of that. The hardest part is when I get home and I’ve gotta watch my kids’ games on my iPad or whatnot, so that’s the tug of war right now.”
As Paul explained to Parker, his wife and kids are still living in Los Angeles, so he doesn’t want to spend too many more years away from them. Asked by Parker why he decided to join a rebuilding team like San Antonio, CP3 explained that if he was going to continue his career, playing time was a more important consideration for him than the opportunity to contend for a championship.
“Last year was probably one of the toughest years for me,” Paul said of a season with the Warriors in which he averaged a career-low 26.4 minutes per game. “More than anything, I just love to hoop. I wanna play. … If I’m gonna sacrifice my family and be away from them, then I at least need to be playing. Nobody’s guaranteed to win. There’s only one team that’s going to win. I think for me, I looked (at San Antonio) and I was like, ‘Man, I can go play. I can go hoop.'”
Here’s more on the Spurs:
- While Paul has been adamant over the years that he has no desire to become an NBA coach after he retires, he softened that stance a little during his conversation with Parker. “I always said I wasn’t going to coach,” Paul said,“but I don’t know, I’m open to a whole bunch of things now.” In this year’s NBA general manager poll conducted by John Schuhmann, Paul received the most votes when GMs were asked which active player would make the best head coach.
- In an in-depth feature for The San Antonio Express-News, Jeff McDonald takes a look at how Spurs assistant Mitch Johnson has become more than just Gregg Popovich‘s stand-in, establishing himself as a strong candidate to become a permanent head coach in San Antonio or elsewhere in the coming years.
- The Spurs, who will face the Trail Blazers in Portland on Friday, are currently in the midst of four consecutive days off. The rare in-season break has been a boon for Victor Wembanyama, who said on Wednesday that it has been “really beneficial” to rest the sore lower back that forced him to miss two games last week, as Tom Orsborn of The San Antonio Express-News relays. This is the first time Wembanyama has experienced back pain, he told reporters. “It’s not like a big deal, but sometimes it stops me from doing certain things,” the reigning Rookie of the Year said.
- While there’s no indication the Spurs will be in any rush to make an in-season trade, three players who signed new contracts over the offseason will become eligible to be dealt as of this Sunday: Paul, Charles Bassey, and Sandro Mamukelashvili.
Nathan Mensah Signs With Olympiacos
Former Hornets big man Nathan Mensah has signed with Olympiacos for the rest of the 2024/25 season, the Greek team announced today in a press release. The deal includes a team option for a second year.
Mensah, who played his college basketball at San Diego State from 2018-23, caught on with Charlotte last season after going undrafted. He spent much of his first professional season with the Greensboro Swarm in the G League, but also appeared in 25 NBA games with the Hornets while on a two-way contract from December to March.
The 6’11” center played in a total of 23 Showcase Cup and regular season games for the Swarm, averaging 8.5 points, 7.2 rebounds, and 1.5 blocks in 24.9 minutes per contest. In 25 NBA outings, he posted averages of 1.3 PPG, 2.6 RPG, and 0.6 BPG in 12.3 MPG.
Mensah played for the Spurs‘ Summer League team this July and then was with San Antonio in training camp before being waived during the preseason. The Austin Spurs – San Antonio’s NBAGL affiliate – acquired his rights from the Swarm and he has played 12 games for the G League club this fall, averaging 5.4 PPG, 7.0 RPG, and 2.1 BPG in 21.0 MPG.
Mensah will provide depth up front for an Olympiacos squad that had been actively seeking another big man due to injury issues. The Greek team has championship aspirations this season, having gone 8-1 in domestic play and 9-5 in EuroLeague competition so far. Olympiacos has the top point differential in both the Greek Basketball League (+167) and EuroLeague (+69).
Spurs Notes: Paul, Wembanyama, Bassey, Collins
The Spurs celebrated with a brief ceremony and a video tribute as Chris Paul moved into second place on the career assists list Sunday night, according to Michael C. Wright of ESPN. The 39-year-old point guard passed Jason Kidd with his third assist of the game midway through the second quarter. He received a commemorative ball and a photo listing all 173 players who have been the recipients of his assists throughout his career.
“It’s an amazing accomplishment,” interim coach Mitch Johnson said. “It’s a privilege to be able to see it up close and personal. We are witnessing greatness. A lot of us have competed against him. We’ve all watched him. And to be able to experience it firsthand is a privilege. He’s still doing it at a high level. We are grateful of that. He deserves all the praise and attention that comes with that because it’s a hell of an honor.”
Paul began his career in 2005 in New Orleans, so it was meaningful for him to reach the milestone against the Pelicans. He also recalled being on the other side for one of Kidd’s significant games.
“He got his 100th triple-double against me,” Paul said. “[The milestone] means I have played a long time. But J. Kidd did, too, and that’s what I appreciate. I don’t think people realize the longer you play in this league, the longer you pay attention to the guys who had longevity. So, [I’m] definitely grateful to still be here.”
There’s more from San Antonio:
- Victor Wembanyama returned Sunday after missing two games with back soreness, Wright adds. He contributed 25 points and 10 rebounds and sank a 30-foot three-pointer with 36.9 seconds remaining to hold off a Pelicans comeback. “I got to be on this one,” he said of Paul’s accomplishment. “Just the celebration, it was the best. I’m very, very proud of him. He’s just incredible how he doesn’t just do things halfway. He’s never just on the court just to be on the court. He’s trying to win, trying to find solutions. It’s a trait you find in all these players, those greats that stick around for years and years.”
- Charles Bassey provided a lift after Zach Collins and Keldon Johnson left Sunday’s game with injuries in the first half, per Jeff McDonald of The San Antonio Express-News. Bassey tied his career high with 18 points in 16 minutes while also posting 11 rebounds and four blocks. “He played the role that we need him to in terms of energy, activity, physicality, athleticism,” Mitch Johnson said. “When he does that, the basketball finds him and he makes plays on both ends.”
- Johnson also commented on Collins’ meltdown Friday night in Sacramento, which resulted in an ejection and a $35K fine, relays Tom Orsborn of The Express-News. “We need everybody,” Johnson said. “But that being said, we support him, we stay together. We all do things that we may want to handle differently and it was a moment I think he wished he could have back.”
Spurs Notes: Paul, Wembanyama, Champagnie, Defense
Chris Paul will likely move into second place in career assists when the Spurs host New Orleans Sunday night, writes Tom Orsborn of The San Antonio Express-News. The veteran point guard handed out 13 assists Friday night, leaving him only two behind Jason Kidd’s total of 12,089. With John Stockton far off at 15,806, this might be the last time in Paul’s career that he moves up the list.
“I’m grateful for the opportunity to still continue to play,” Paul said. “It has been so many, he’s done here, he’s done there, you know what I mean? So, I think it’s a lot of gratitude. And if that (passing Kidd) happens, I’ll be grateful.”
It appeared Paul’s arrangement with San Antonio might be a short one when he signed a one-year, $11MM contract over the summer. However, he’s shown that his game is still sharp at age 39, averaging 10.4 points, 8.5 assists and 1.4 steals per night while leading the Spurs into postseason contention. Speculation has started that he might return for at least another year, and his teammates support that idea.
“The way he takes care of his body and approaches the game every day, it’s going to help a lot of us, a lot of our young guys to mold them into the players that they need to be,” Julian Champagnie said. “Just watching him take care of his body, his preparation day in, day out, how he knows everybody on the (scouting report), he’s a pro, a pro’s pro and we appreciate him for everything.”
There’s more from San Antonio:
- The Spurs’ medical team watched Victor Wembanyama test out his sore lower back Friday night before deciding to have him sit out a second straight game, Orsborn states in a separate story. There’s optimism that both Wembanyama and Devin Vassell may be able to return on Sunday, but Paul said the team has to learn how to take care of business no matter who’s available. “Obviously it’s been a tough stretch for us right now, different bodies in and out,” he said. “But that’s why we have this next man up mentality. It’s really hard to win in this league. Winning one game is really hard, so you definitely want to get back on the winning train just so you don’t forget what that feels like.”
- Champagnie set career highs on Friday by scoring 30 points and making six three-pointers, Orsborn notes. The third-year small forward has become a regular part of the rotation this season and is averaging a career-best 12.6 PPG. “I’m just trying to do my job,” he said. “Some games are going to like that, and then some games are going to be five points. But I’m just going out there and playing hard, doing all the little things, doing what I can to help the team win. Just taking my shots, taking my opportunities while I have them.”
- Interim coach Mitch Johnson didn’t want to use Wembanyama’s absence as an excuse after his team allowed Sacramento to score 140 points, Orsborn adds in another piece. Johnson called it “unacceptable” that the Spurs have given up at least 30 points in each of the last eight quarters.
Spurs’ Zach Collins Fined $35K By NBA
Spurs center Zach Collins was fined $35K for “making an obscene gesture on the playing court” after being ejected in the second quarter of Friday’s game against Sacramento, the NBA announced (via Twitter).
According to Tom Orsborn of the San Antonio Express-News, Collins became upset after being called for his third foul with 9:07 remaining in the first half. Collins disputed the call and was hit with a technical foul. He was subbed out of the game, but continued to argue with referee Michael Smith and made the obscene gesture on his way to the bench, resulting in a second technical and an automatic ejection (Twitter video link).
The Spurs were already without Victor Wembanyama, who missed the game with back pain, so the loss of Collins left them extremely thin in the middle. He played just nine minutes before the ejection, finishing with two points and two rebounds and wasn’t available to talk to reporters after the game.
“I didn’t see what was said,” interim head coach Mitch Johnson said. “We just moved on and tried to hold the fort together with the group we had.”
Those were the first technical fouls of the season for Collins, according to Spotrac, although he was fined for flopping in a November 3 game. He has amassed $59K in fines through his seven NBA seasons.
In his fourth year with San Antonio, Collins is averaging 6.0 points and 3.3 rebounds in 14.7 minutes per night while shooting 47.6% from the field and 33.3% from three-point range. He’s under contract through the end of next season.
And-Ones: Team USA, Practice Facility, Trade Deadline, Panic Meter
With Steve Kerr not expected to return as Team USA’s head coach for the upcoming international basketball cycle that includes the 2027 FIBA World Cup and the 2028 Olympics in Los Angeles, USA Basketball and managing director Grant Hill will be tasked with selecting Kerr’s successor.
According to Joe Vardon of The Athletic, Hill has yet to begin the process of selecting the next U.S. head coach and is unlikely to name Kerr’s replacement anytime soon, since it would create several years of “unnecessary pressure” on that individual leading up to the 2027 and 2028 events, a source tells Vardon.
Still, it looks like there are two obvious frontrunners for the job, Vardon says, identifying Heat head coach Erik Spoelstra and Clippers head coach Tyronn Lue as the most logical candidates. Outside of their NBA résumés, which include championships, Spoelstra and Lue were the top assistants on Kerr’s staff in Paris during the 2024 Olympics. Both men indicated they’d be honored to be selected for the role, Vardon writes.
“I’d be willing to do anything for USA Basketball,” Spoelstra said. “That’s how it should be for anybody, for players and for staff members, if you’re asked. It’s such an honor and such a life experience, so you just do it. You don’t want to miss out on those experiences. And I would do any role.”
“Yeah, it sounds amazing,” Lue added. “To be the Olympic head coach in this building (the Clippers’ Intuit Dome), of course, everybody would look at that as a cool opportunity, but there’s a lot that goes into it. To be chosen to do that is an honor and a blessing, but it’s not something I’m hanging my hat on because it’s two years away and Spo was involved in USA Basketball before I even got here.”
Here are a few more odds and ends from around the basketball world:
- There has been a clear trend over the last decade of NBA teams seeking a competitive edge by building new, state-of-the-art practice facilities, with 20 of the league’s 30 clubs opening new facilities since 2014, according to Josh Robbins of The Athletic. Robbins explores the “unrelenting contest of innovation and one-upmanship” involved in the “arms race,” with teams across the league looking to create advantages in the way they look after players and recruit free agents. “I would say if the standard of the facility is high-end, the players better be too,” Magic big man Moritz Wagner said when asked if a new practice facility can help a team win games. “I do think that the players feel that. I mean, there’s no excuse, right? There’s no excuse not to work every day when you have a place like that.”
- How should the NBA’s 30 teams approach this season’s trade deadline? Eric Pincus of Bleacher Report digs into that topic, making a case for whether each club should buy, sell, or hold — or, in some cases, a combination of more than one. For instance, Pincus advocates for the Hawks, Spurs, Raptors, and Hornets to pursue “opportunistic improvement” rather than purely selling.
- Law Murray of The Athletic rates a handful of teams on the “panic meter,” explaining that he thinks the Pacers and Pelicans have more reason to panic than the Lakers because L.A. has finished in play-in territory in each of the past two seasons and shouldn’t realistically expect to be much better than they’ve been so far this fall.