Forbes list of the most valuable NBA teams

The home arena of the Golden State Warriors, the most valuable NBA team as of the 2024-25 NBA season.

Forbes compiles the finances of all 30 NBA teams to produce an annual ranking of the best franchises in terms of valuation. The latest ranking reported that the Los Angeles Lakers are the most valuable NBA franchise for the upcoming 2025-26 NBA Season, with a valuation of $10 billion. The Lakers are one of three NBA teams to hold the title of most valuable franchise since the inception of Forbes' ranking during the 1991–92 NBA season, with the other two being the Golden State Warriors and the New York Knicks.

Several media outlets have referenced the Forbes list in related news or analytic journalism when the ranking comes out, such as The New York Times and Sports Illustrated. ^{[1] [2]} The NBA has also recognized the publication of the ranking. ^{[3] [4]}

Ranking

Rankings as of November 19, 2024 (2024-25 NBA season) ^[5]

Rank	Team	State / Province	Value [a]	Change [b]	Operating Income [c]
1	Los Angeles Lakers	California	$10 billion	11%	$199 million
2	Golden State Warriors	California	$8.8 billion	14%	$142 million
3	New York Knicks	New York	$7.5 billion	14%	$182 million
4	Boston Celtics	Massachusetts	$6.0 billion	28%	$121 million
5	Los Angeles Clippers	California	$5.5 billion	18%	$96 million
6	Chicago Bulls	Illinois	$5.0 billion	9%	$140 million
7	Houston Rockets	Texas	$4.9 billion	11%	$160 million
8	Brooklyn Nets	New York	$4.8 billion	25%	$43 million
9	Dallas Mavericks	Texas	$4.7 billion	4%	$158 million
10	Philadelphia 76ers	Pennsylvania	$4.6 billion	7%	$120 million
11	Toronto Raptors	Ontario	$4.4 billion	7%	$97 million
12	Phoenix Suns	Arizona	$4.3 billion	8%	–$14 million
13	Miami Heat	Florida	$4.25 billion	9%	$62 million
14	Washington Wizards	District of Columbia	$4.1 billion	17%	$118 million
15	Milwaukee Bucks	Wisconsin	$4.0 billion	25%	–$16 million
16	Cleveland Cavaliers	Ohio	$3.95 billion	18%	$97 million
17	Denver Nuggets	Colorado	$3.9 billion	16%	$57 million
18	San Antonio Spurs	Texas	$3.85 billion	18%	$118 million
19	Atlanta Hawks	Georgia	$3.8 billion	14%	$94 million
20	Sacramento Kings	California	$3.7 billion	11%	$54 million
21	Oklahoma City Thunder	Oklahoma	$3.65 billion	20%	$90 million
22	Indiana Pacers	Indiana	$3.6 billion	24%	$94 million
23	Utah Jazz	Utah	$3.55 billion	15%	$89 million
24	Portland Trail Blazers	Oregon	$3.5 billion	14%	$81 million
25	Detroit Pistons	Michigan	$3.4 billion	11%	$89 million
26	Charlotte Hornets	North Carolina	$3.3 billion	10%	$84 million
27	Orlando Magic	Florida	$3.2 billion	8%	$82 million
28	Minnesota Timberwolves	Minnesota	$3.1 billion	24%	$72 million
29	New Orleans Pelicans	Louisiana	$3.05 billion	20%	$41 million
30	Memphis Grizzlies	Tennessee	$3.0 billion	25%	$44 million

Notes

1. Value of team (in USD) based on current stadium deal (unless new stadium is pending), without deduction for debt (other than stadium debt).
2. Change of valuation from the 2016–17 NBA season to the 2020–21 NBA season.
3. Earnings (in USD) before interest, taxes, depreciation and amortization.

See also

• Forbes' list of the most valuable sports teams
• List of professional sports leagues by revenue

References

1. Deb, Sopan (23 November 2021). "Are the Knicks and Lakers Really Worth $5 Billion?". The New York Times . Retrieved 30 March 2022.
2. "Where Do Mavs Rank Among Forbes' Most Valuable NBA Franchises?". Sports Illustrated. 19 October 2021. Retrieved 30 March 2022.
3. "Forbes: NBA teams worth $2.12 billion on average". National Basketball Association . Retrieved 30 March 2022.
4. "Forbes: NBA teams worth $1.9 billion on average". National Basketball Association . Retrieved 30 March 2022.
5. "The Most Valuable NBA Teams 2024". www.forbes.com. Retrieved 2025-01-20.