The Golden State Warriors remain the NBA's most valuable franchise for the second straight year.
After topping Forbes' annual valuations list for the first time ever in 2022, Golden State once again came in at No. 1 for 2023 with a value of $7.7 billion - a 10% increase from a year ago. The Warriors generated $765 million in revenue during the 2022-23 season, 48% more than any other NBA team, according to Forbes' Mike Ozanian and Justin Teitelbaum.
The New York Knicks were the runners-up with a value of $6.6 billion, followed by the Los Angeles Lakers in third place at $6.4 billion. Rounding out the top five were the Boston Celtics ($4.7 billion) and Los Angeles Clippers ($4.65 billion).
On average, NBA teams are worth $3.85 billion - up 35% from last year and 75% higher than in 2019. Forbes attributes the surge in values to the majority stake sales of the Phoenix Suns and Charlotte Hornets, as well as the Haslam Sports Group buying a 25% ownership stake in the Milwaukee Bucks.
Here's the full list:
| RANK | TEAM | VALUE |
|---|---|---|
| 1. | Golden State Warriors | $7.7B |
| 2. | New York Knicks | $6.6B |
| 3. | Los Angeles Lakers | $6.4B |
| 4. | Boston Celtics | $4.7B |
| 5. | Los Angeles Clippers | $4.65B |
| 6. | Chicago Bulls | $4.6B |
| 7. | Dallas Mavericks | $4.5B |
| 8. | Houston Rockets | $4.4B |
| 9. | Philadelphia 76ers | $4.3B |
| 10. | Toronto Raptors | $4.1B |
| 11. | Phoenix Suns | $4B |
| 12. | Miami Heat | $3.9B |
| 13. | Brooklyn Nets | $3.85B |
| 14. | Washington Wizards | $3.5B |
| 15. | Denver Nuggets | $3.38B |
| 16. | Cleveland Cavaliers | $3.35B |
| 17. | Sacramento Kings | $3.33B |
| 18. | Atlanta Hawks | $3.33B |
| 19. | San Antonio Spurs | $3.25B |
| 20. | Milwaukee Bucks | $3.2B |
| 21. | Utah Jazz | $3.09B |
| 22. | Portland Trail Blazers | $3.08B |
| 23. | Detroit Pistons | $3.08B |
| 24. | Oklahoma City Thunder | $3.05B |
| 25. | Charlotte Hornets | $3B |
| 26. | Orlando Magic | $2.95B |
| 27. | Indiana Pacers | $2.9B |
| 28. | New Orleans Pelicans | $2.55B |
| 29. | Minnesota Timberwolves | $2.5B |
| 30. | Memphis Grizzlies | $2.4B |
