The NBA franchise value jumps over the past 10 years have been remarkable, reflecting the growing popularity and financial success of the league. Among the listed teams, several significant changes stand out.
The most surprising jump in franchise value is undoubtedly seen with the Golden State Warriors. In 2013, the Warriors were valued at $555 million, but by 2023, their value skyrocketed to $7.7 billion, placing them at the top of the list. This tremendous increase can be attributed to the team’s success on the court, particularly their multiple NBA championships and the rise of their star players, such as Stephen Curry. Additionally, the Warriors’ relocation from Oracle Arena to the state-of-the-art Chase Center in San Francisco likely played a role in enhancing the team’s overall value.
The New York Knicks, historically one of the most valuable NBA franchises, remain near the top of the list. However, their value did not experience as significant a surge as the Warriors. In 2013, the Knicks held the number one spot with a value of $1.1 billion, but in 2023, they were valued at $6.6 billion, placing them at the second position. Despite not claiming a championship in recent years, the Knicks’ status as a marquee franchise in the largest market of the United States contributes to their consistently high value.
Another noteworthy change is the rise of the Los Angeles Lakers. In 2013, they were valued at $1 billion, ranking second on the list. However, by 2023, their value had climbed to $6.4 billion, securing the third position. This increase can be attributed to the Lakers’ successful acquisition of star players like LeBron James and Anthony Davis, which helped propel them back into championship contention.
The inclusion of the newly relocated Los Angeles Clippers on the list is also surprising. In 2013, they were not among the top 10 most valuable franchises. However, by 2023, following their move from the Staples Center to the new Intuit Dome in Inglewood, their value reached $4.65 billion, placing them in the fifth position. This surge in value may be attributed to the team’s improved performance, the acquisition of star players like Kawhi Leonard and Paul George, and their increasing relevance in the Los Angeles market.
Overall, the significant increases in NBA franchise values over the past decade reflect the league’s global appeal, lucrative broadcasting deals, and the continued growth of basketball as a sport. These changes highlight the economic power and enduring popularity of the NBA in the world of professional sports.