Forbes Reveals The Most Valuable NBA Teams Of 2021-22

Forbes Most Valuable NBA Teams 2021 - NBA Finals 2021 Milwaukee Bucks Game 6 Giannis Antetokounmpo

Forbes has once again crunched the numbers to determine the most valuable NBA teams of 2021. Much to everyone’s surprise, the New York Knicks have come out on top for the seventh consecutive year – despite living out an equally lengthy, if not lengthier, dynasty of lacklustre on-court performance.

With legendary player turned coaching extraordinaire Steve Kerr, marketing dream Steph Curry, and the ever-dominant Draymond Green, during the 2020-21 season, the Golden State Warriors managed to become the first team since the 1999 Chicago Bulls to “break the chokehold” long maintained by the Knicks and Los Angeles Lakers; two teams which have perenially occupied the #1 and #2 spot in tandem. Clearly, this was no fluke, as GSW once again finds itself ranked second.

In light of the New York Knicks, Golden State Warriors, and Los Angeles Lakers’ revised valuations, this marks another milestone in NBA history, wherein three franchises are worth over $5 billion (USD).

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“Revenue and operating income (EBITDA) are for the 2020-21 season and are net of revenue sharing and arena debt service,” Forbes explains in the methodology section of its most valuable NBA teams rankings for 2021.

“We use revenue multiples to calculate our team values (equity plus net debt) based on the economics of each team’s current arena deal. If a team has a new arena, media deal, or sponsorship agreement set to open or kick in after the 2020-21 season, we estimate its impact on the enterprise value. For example, the value of the Los Angeles Clippers is $3.3 billion – 20% more than in our NBA valuations in February – in part because the team has broken ground on a new arena that is expected to significantly increase the team’s revenue.”

“Our figures include revenue that team owners get from non-NBA events at their arena. All figures are in US dollars based on the average US-Canada exchange rates during the 2020-21 season. The information used to compile our valuations primarily came from the teams, sports bankers, media consultants, and public documents, like arena lease agreements and bond documents.”

Check out the most valuable NBA teams for 2021 below.

The Most Valuable NBA Teams For 2021 (According To Forbes)

**All figures converted to USD

1. New York Knicks

Value: $5.8 billion
One-Year Change: 16%
Operating Income: $71 million
Owner: Madison Square Garden Sports

2. Golden State Warriors

Value: $5.6 billion
One-Year Change: 19%
Operating Income: -$44 million
Owner: Joe Lacob, Peter Gruber



3. Los Angeles Lakers

Value: $5.5 billion
One-Year Change: 20%
Operating Income: $63 million
Owner: Jerry Buss Family Trusts, Mark Walter, Todd Boehly

4. Chicago Bulls

Value: $3.65 billion
One-Year Change: 11%
Operating Income: $39 million
Owner: Jerry Reinsdorf

5. Boston Celtics

Value: $3.55 billion
One-Year Change: 11%
Operating Income: $46 million
Owner: Wycliffe & Irving Grousebeck, Robert Epstein, Stephen Pagliuca

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6. Los Angeles Clippers

Value: $3.3 billion
One-Year Change: 20%
Operating Income: $18 million
Owner: Steve Ballmer

7. Brooklyn Nets

Value: $3.2 billion
One-Year Change: 21%
Operating Income: -$80 million
Owner: Joseph Tsai

8. Houston Rockets

Value: $2.75 billion
One-Year Change: 10%
Operating Income: $33 million
Owner: Tilman Fertitta

9. Dallas Mavericks

Value: $2.7 billion
One-Year Change: 10%
Operating Income: $55 million
Owner: Mark Cuban



10. Toronto Raptors

Value: $2.48 billion
One-Year Change: 15%
Operating Income: $2 million
Owner: Bell Canada, Rogers Communications, Larry Tanenbaum

11. Philadelphia 76ers

Value: $2.45 billion
One-Year Change: 18%
Operating Income: $13 million
Owner: Joshua Harris, David Blitzer

12. Miami Heat

Value: $2.3 billion
One-Year Change: 15%
Operating Income: $16 million
Owner: Micky Arison

13. Portland Trail Blazers

Value: $2.05 billion
One-Year Change: 8%
Operating Income: $19 million
Owner: Paul G. Allen Trust

14. Sacramento Kings

Value: $2 billion
One-Year Change: 10%
Operating Income: $22 million
Owner: Vivek Ranadive

15. San Antonio Spurs

Value: $1.98 billion
One-Year Change: 7%
Operating Income: $39 million
Owner: Holt Family, Sixth Street Partners

16. Washington Wizards

Value: $1.93 billion
One-Year Change: 7%
Operating Income: $14 million
Owner: Ted Leonsis

17. Milwaukee Bucks

Value: $1.9 billion
One-Year Change: 17%
Operating Income: $11 million
Owner: Wes Edens, Marc Lasry, Jamie Dinan



18. Phoenix Suns

Value: $1.8 billion
One-Year Change: 6%
Operating Income: $15 million
Owner: Robert Sarver

19. Utah Jazz

Value: $1.75 billion
One-Year Change: 5%
Operating Income: $96 million
Owner: Ryan & Ashley Smith

20. Denver Nuggets

Value: $1.73 billion
One-Year Change: 5%
Operating Income: $15 million
Owner: Stan Kroenke

RELATED: Forbes Reveals The Most Valuable Sports Teams Of 2020

21. Atlanta Hawks

Value: $1.68 billion
One-Year Change: 11%
Operating Income: $37 million
Owner: Tony Ressler

22. Indiana Pacers

Value: $1.67 billion
One-Year Change: 8%
Operating Income: $460,000
Owner: Herbert Simon, Stephen Simon

23. Cleveland Cavaliers

Value: $1.65 billion
One-Year Change: 6%
Operating Income: $11 million
Owner: Dan Gilbert

24. Orlando Magic

Value: $1.64 billion
One-Year Change: 12%
Operating Income: $29 million
Owner: DeVos Family



25. Oklahoma City Thunder

Value: $1.63 billion
One-Year Change: 3%
Operating Income: $48 million
Owner: Clayton Bennett, George Kaiser, Aubrey McClendon estate

26. Detroit Pistons

Value: $1.58 billion
One-Year Change: 9%
Operating Income: $43 million
Owner: Tom Gores

27. Charlotte Hornets

Value: $1.575 billion
One-Year Change: 5%
Operating Income: $34 million
Owner: Michael Jordan

28. Minnesota Timberwolves

Value: $1.55 billion
One-Year Change: 11%
Operating Income: $29 million
Owner: Glen Taylor, Marc Lore, Alex Rodriguez

29. New Orleans Pelicans

Value: $1.53 billion
One-Year Change: 13%
Operating Income: $24 million
Owner: Gayle Benson

30. Memphis Grizzlies

Value: $1.5 billion
One-Year Change: 15%
Operating Income: $12 million
Owner: Robert Pera

Source: Forbes