he average NBA team is worth $3.85 billion, an increase of 35% from a year ago. The New York Knicks ($6.6 billion) and Los Angeles Lakers ($6.4 billion) are the other teams worth more than $6 billion. The escalation in sale price multiples is due to the expectations over a major increase in media rights. The consensus from media experts and sports bankers is that by bringing in new distributors such as Apple, YouTube TV and Amazon Prime, and bundling its international rights, the NBA will more than double the value of its current media rights. Sports bankers tell Forbes that the expansion teams will likely fetch between $4 billion to $5 billion each.

Source: Forbes October 26, 2023 19:56 UTC