NBA teams have reached new heights, as Forbes revealed in its ranking of the league’s most valuable teams. For the first time in NBA history, the league has three franchise teams, each valued at more than $ 5 billion.
The New York Knicks lead with a value of 5.8 billion US dollars, followed by the Golden State Warriors with 5.6 billion US dollars and the Los Angeles Lakers with 5.5 billion US dollars. The Chicago Bulls ($ 3.65 billion) and the Boston Celtics ($ 3.55 billion) rounded out the top 5 on Forbes’ list.
Despite the COVID-19 pandemic that kept fans from attending games for most of the 2020-21 NBA season, the average team value soared 13% due to record sponsorship revenue and high expectations for the league’s next media rights deal $ 2.48 billion.
IEG estimates the NBA posted a record $ 1.46 billion in sponsorship revenue last season and is likely to surpass that in the 2021-22 season announced tonight.
The NBA is targeting $ 75 billion over nine yearsS.for its next transfer deal, a significant jump from its current $ 24 billion deal with Disney and WarnerMedia. These agreements expire in 2025.
When the new broadcasting deals go into effect, the NBA’s billionaires club is expected to expand.
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