Rockets owner expects team to be worth $3B within 10 years
Andrew D. Bernstein / National Basketball Association / Getty
NBA franchise valuations are rising into rarefied air, something evidenced by Tilman Fertitta's record $2.2-billion purchase of the Houston Rockets in 2017.
Fertitta expects that value to keep on growing.
"I sure didn't underpay," the billionaire businessman and reality TV star told USA TODAY's Sam Amick. "But you know what, if we look in five-to-10 years, and the team is worth $3 billion, which I think it will be, it would have been a great deal."
Related: Fertitta says NBA better bet than NFL
In its annual list of NBA franchise valuations this month, Forbes estimated that all 30 of the league's teams are now worth over $1 billion. Houston ranks as the fourth-largest city and eighth-largest TV market in the United States.