Mark Cuban

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Forbes: Dallas Mavericks Are Ninth Most Valuable NBA Franchise

February 06, 2019 - 5:08 pm
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NEW YORK (AP) — The Dallas Mavericks are worth $1.9 billion, making them the 9th most valuable NBA franchise, according to Forbes.

Mavs owner Mark Cuban purchased the team from Ross Perot Jr. back in 2000 at a valuation of $280 million. 

The New York Knicks are worth $4 billion, making them the most valuable NBA team for the fourth straight year. That’s despite having the worst record among the league’s 30 teams.

In its annual rankings, Forbes said the Knicks’ value increased 11 percent from last year because of a $1 billion renovation of Madison Square Garden, completed in 2013, that has produced a series of new revenue streams.

The Knicks, who feature a starting lineup with three new players acquired in the Kristaps Porzingis trade, lost at home Tuesday night for a franchise-record 15th straight game. They began Wednesday with a 10-43 record.

Forbes says the Los Angeles Lakers remain in second place with a value of $3.7 billion, up 12 percent.

Rounding out the top five are the Golden State Warriors ($3.5 billion), Chicago Bulls ($2.9 billion) and Boston Celtics ($2.8 billion).

The average NBA team is worth $1.9 billion, up 13 percent from last year.