Bulls Ranked as Certainly one of NBA's Most Precious Franchises

Bulls Ranked as Certainly one of NBA's Most Precious Franchises

Bulls Ranked as Certainly one of NBA's Most Precious Franchises

For the first time, all 30 franchise are worth at least $1 billion as values have tripled over the last three years.

For the first time in league history, every National Basketball Association team is now worth at least $1 billion and the Denver Nuggets are one of many franchises to see their value skyrocket year over year. Despite the Knicks likely headed for a fifth straight losing season, the team has increased 9% in value from last season.

The Golden State Warriors are now worth $3.1 billion according to Forbes magazine.

Met Office weather warning: London set for icy weather as temperature drops
Scattered snow showers are expected across the Republic on Thursday night with temperatures set to plunge to as low as -2 degrees. Forecasters warned this week would be the coldest of the year , and Londoners saw a light dusting of snow a few days ago.

The Nets surprisingly continue to increase in value despite the team reporting a loss of $44.3 million past year, according to ESPN. The team saw a 22 percent increase from last year's value as the team also recorded $222 million in revenue during the last year.

Forbes says that the team's value increased 9% from a year ago based on a $1 billion renovation to Madison Square Garden, allowing the team to capitalize on new revenue streams. Other notable risers include the Sacramento Kings ($1.375 billion), Detroit Pistons ($1.1 billion) and Milwaukee Bucks ($1.075 billion), who have all received boosts from new arenas.

Global growth and lucrative USA television deals are underpinning basketball's growth according to the business magazine, with franchises now worth an average of $1.65bn. "The product is excellent, and interest in basketball around the world continues to flourish".

Related news