Forbes ranks Sacramento Kings 16th most valuable franchise in NBA
The Sacramento Kings are the 16th most valuable team in the NBA, according to Forbes.
The financial magazine released it’s annual list of franchise valuations and the Kings are now worth approximately $550 million. Vivek Ranadivé and his group of investors purchased majority stake in the team from the Maloof family last year for a record $534 million.
NBA franchises have enjoyed major growth in value over the last two years. In 2013, the average NBA team was worth approximately $509 million. In 2014, the average price-tag for an NBA team has risen to $634 million. The league now has three franchises valued at or above a billion dollars in the Knicks ($1.4 billion), Lakers ($1.35 billion) and Bulls ($1 billion).
Below is a graph charting the growth of the Kings’ value over the last five years.
Other interesting observations about the NBA’s growth over the last several years
- 2009: The average team value dropped by 3 percent to $367 million, “marking the first time since Forbes began tracking league finances 11 years ago that appraisals have declined”. The Kings were worth $305 million then.
- 2010: The Golden State Warriors sold for a previous-record $450 million.
- 2011: The third most valuable franchise in the NBA was the Chicago Bulls. At the time, they were valued at $511 million.
- 2012: There were no teams worth a billion dollars. The most valuable franchise in the NBA, the Los Angeles Lakers, was valued at an estimated $900 million. The fifth most valuable franchise in the league wasn’t even worth $500 million (that was the Boston Celtics, valued at $482 million).
- 2013: Two franchises are valued at a billion dollars in the New York Knicks ($1.1 billion) and the Los Angeles Lakers ($1 billion).
- 2014: The Milwaukee Bucks are valued at a league-low $405 million. In 2013, the Bucks were worth $312 million.