Leadoff: Hawks soar past $1 billion in franchise value

Tricia Pearson
February 10, 2018

According to the magazine, the average National Basketball Association franchise is now worth $1.6 billion, a 22 percent increase over a year ago.

And if you're wondering about the value of other Atlanta teams, the Falcons a year ago were estimated to be worth $2.475 billion and the Braves $1.5 billion, both benefiting from new stadiums. Despite the Knicks likely headed for a fifth straight losing season, the team has increased 9% in value from last season.

Forbes said that the Knicks, with revenue of $426 million, continue to profit from the recent $1 billion renovation to Madison Square Garden.

Worldwide growth and lucrative United States television deals are underpinning basketball's growth according to the business magazine, with franchises now worth an average of $1.65bn.

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The team with the highest year-over-year bump in value was the Houston Rockets, which were up 33 percent to $2.2 billion - the agreed price paid for the team by billionaire Tilman Fertitta in October. The average franchise is worth $1.652 billion, Forbes says, 22 percent more than past year.

The Process appears to be working for the 76ers as, thanks in large part to increases in TV ratings and ticket sales, Philly had the biggest gain in value at 48% to $1.18 billion.

The lowest valued team is the New Orleans Pelicans at $1 billion.

"The NBA is extremely well-positioned for worldwide growth", Sal Galatioto, president of leading sports finance and advisory firm Galatioto Sports Partners, told Forbes.

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