By Justin Patrick @calling_allfans on June 6, 2014
When Forbes released its annual NBA team valuations in January the Clippers were valued at $ 575 million. The Sterlings just agreed to sell the Clippers for $ 2 billion. That is 3.48 times more than Forbes’ valuation! Was the sale of the Clippers’ out of whack? Have NBA teams increased in value that much? Who knows, but using Forbes’ figures and that increase, what would each NBA team sell for now? All of the owners listed are majority owners.
Bucks’ owner Herb Kohl recently reached an agreement to sell the Bucks to Marc Lasry and Wesley Edens for $ 550 million. Forbes’ list had the Bucks valued at $ 405 million. If that figure is multiplied by 3.48, the Bucks’ new owners should be able to sell the team for $ 1.41 billion. It is doubtful the Bucks would sell for that much, even after the sale of the Clippers, but maybe the price of NBA teams is soaring more than everyone realized.
Forbes’ list had the Bobcats (now the Hornets) valued at $ 410 million. If that figure is multiplied by 3.48, Michael Jordan should be able to sell the Bobcats for $ 1.43 billion. There’s no way Jordan is looking to sell. He still makes plenty of money through endorsements and his competitiveness will drive him to keep trying to make the Hornets better, even if he was infinitely better as a player than he is an owner/front office executive.
Forbes’ list had the Pelicans valued at $ 420 million. Owner Tom Benson should be able to sell the team for $ 1.46 billion if we’re using the Clippers sale as a benchmark. Benson took over as owner in 2012, and it is doubtful he is looking to sell now.
Forbes’ list had the Hawks valued at $ 425 million. If multiplied by 3.48, owners Bruce Levenson and Michael Gearon should be able to sell the Hawks for $ 1.48 billion.
Forbes’ list had the $ 430 million. Timberwolves’ owner Glen Taylor should be able to sell the team for $ 1.5 billion when the Forbes’ valuation is adjusted for what the Clippers sold for.
Forbes’ list had the Pistons valued at $ 450 million. If Pistons’ owner Tom Gores were to put his team on the open market right now they should command a sale price of $ 1.57 billion, once Forbes’ number is multiplied by 3.48.
Forbes’ list had the Grizzlies valued at $ 453 million. Owner Robert J. Pera should be able to sell the team for $ 1.58 billion if the Clippers’ sale can be used as a correct benchmark.
Forbes’ list had the 76ers valued at $ 469 million. Working off of the Clippers’ sale, owners Joshua Harris and Adam Aron should be able to sell the team for $ 1.63 billion.
Forbes’ list had the Pacers valued at $ 475 million. Thanks to the Clippers’ sale, the numbers say owner Herbert Simon should be able to sell the team for $ 1.65 billion.
Forbes’ list had the Wizards valued at $ 485 million. If owner Ted Leonsis were to put his team on the open market, he should be able to get $ 1.69 billion, assuming the Clippers’ increase is accurate.
Forbes’ list had the Nuggets valued at $ 495 million. Stan Kroenke, the owner of the Nuggets, should be able to sell the team for $ 1.72 billion on the open market if we’re using the Clippers’ sale as an indication.
Forbes’ list had the Cavaliers valued at $ 515 million. The numbers say Dan Gilbert, Gary Gilbert and Gordon Gund should be able to sell the team for $ 1.79 billion, even though LeBron James is no longer in town.
Forbes’ list had the Raptors valued at $ 520 million. Chris Bosh’s old team could now be sold for $ 1.81 billion on the open market.
Forbes’ list had the Jazz valued at $ 525 million. The owner of the Jazz, Greg Miller, would be able to fetch $ 1.83 billion for his team according to the Clippers’ sale.
Forbes’ list had the Kings valued at $ 550 million. Vivek Ranadive should be able to sell his team for $ 1.91 billion if he put it on the open market.
Forbes’ list had the Magic valued at $ 560 million. The Magic are owned by RDV Sports, Inc. (their chairman is Richard DeVos) and should be able to command $ 1.95 billion on the open market if the Clippers’ sale is an accurate representation.
Forbes’ list had the Suns valued at $ 565 million. Suns owner Robert Sarver should get $ 1.97 billion on the open market after the Clippers’ sale.
The whopping price of $ 2 billion that former Microsoft CEO Steve Ballmerhas agreed to pay the Sterlings for the Clippers is insane. Most people probably had the Clippers being sold for around $ 800 million to $ 1 billion, not $ 2 billion. Maybe this is an aberration. This could also be where the market for NBA teams is right now—billionaires lining up to pay what it takes to own an NBA team.
Forbes’ list had the Trail Blazers valued at $ 587 million. The owner, Paul Allen, should get $ 2.04 billion on the open market if the Clippers’ sale is an accurate indication.
Forbes’ list had the Thunder valued at $ 590 million. Thunder owner Clayton Bennette should theoretically get $ 2.05 billion for his team on the open market after the sale of the Clippers.
Forbes’ list had the Spurs valued at $ 660 million, but owner Peter Holt should be able to get $ 2.30 billion on the open market. Would that figure increase if the Spurs beat the Heat in the NBA Finals or is that figure completely ridiculous to begin with because the $ 2 billion price tag of the Clippers was an outlier? With all of the billionaires would who love to purchase an NBA team, it could possibly be the former.
Forbes’ list had the Warriors valued at $ 750 million. Owners Peter Guber and Joe Lacob should be able to sell the Warriors for $ 2.61 billion on the open market.
Forbes’ list had the Mavericks valued at $ 765 million, but outspoken owner is Mark Cuban should get $ 2.66 billion if he decided to sell. There is no way Cuban would sell right now; he loves owning the Mavericks way too much. He’s not going anywhere, so this figure doesn’t really mean much at this point.
Forbes’ list had the Heat valued at $ 770 million, but owner Micky Arison should be able to find someone willing to pay $ 2.68 billion for them. That being said, with the Heat going to four straight NBA Finals (including currently trying to complete the three-peat), Arison couldn’t possibly be looking to sell right now.
Forbes’ list had the Rockets valued at $ 775 million. Owner Leslie Alexander could give himself a payday of $ 2.70 billion by putting the Rockets on the open market, if the Clippers’ sale is actually a good benchmark.
Forbes’ list had the Nets valued at $ 780 million. Owners Mikhail Prokhorov and Bruce Ratner should be able to sell the Nets for $ 2.71 billion right now. Prokhorov became owner of the Nets in 2010 and he has really deep pockets. He clearly wanted to own an NBA team, so it is doubtful he is looking to sell right now.
Forbes’ list had the Celtics valued at $ 875 million. Owners H. Irving Grousbeck, Wycliffe Grousbeck and Steve Pagliuca should be able to get $ 3.04 billion for the Celtics. Someone paying over $ 3 billion for an NBA team? That’s crazy. All of these predicted selling prices are based off of the Clippers’ sale, which seems straightforward enough, but $ 3 billion for a team seems insane. But again, this could be the new reality.
Forbes’ list had the Bulls valued at $ 1.0 billion. Owner Jerry Reinsdorf (owner since 1985) could sell his team for $ 3.48 billion now.
Forbes’ list had the Lakers valued at $ 1.35 billion, but they could be sold for $ 4.70 billion. The owners are Jim, Jeanie and Johnny Buss, who took over after their father Jerry Buss passed away. Jeanie seems to know what she is doing in the Lakers’ front office and probably doesn’t have any plans to sell. Jim has his head in the sand and makes terrible decisions, but he is probably too stubborn to really consider selling as well.
Forbes’ list had the Knicks valued at $ 1.40 billion. Knicks’ owner James Dolan, who is one of the dumbest owners in professional sports (although we’ll see how well the hiring of Phil Jackson works), could sell his team for $ 4.87 billion if the Clippers’ sale is an accurate barometer. Many Knicks fans probably want this to happen, whether Dolan could get $ 4.87 billion or not. They just want a new owner.
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