The LA Lakers have topped the Forbes List of Most Valuable NBA Teams At #1, worth a total of $2.6 billion! That new $24 billion TV contract has much to do with this sudden rise in wealth as well…further details below
What do you get when you combine a massive new $24 billion television contract, a nearly six-year bull market in equities creating tremendous wealth, and cheap credit? You get a massive rise in sports franchise values, with the NBA serving as ground zero for the current boom. The average NBA team is now worth $1.1 billion, 74% more than last year. It is the biggest one-year gain since Forbes began valuing teams in the four major U.S. sports leagues in 1998.
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