The average NBA team is worth $1.9B, up 13% over last year and 3x the level of 5 years ago. Here are the highest valued teams:
, up 40% to $1.65 billion. TV ratings jumped 40% last season, as the team posted only its second winning record since 2004-05. Season ticket sales are up to a capped level of 14,600 after bottoming out at 3,400 in 2013. The 76ers are on pace to the lead the NBA in attendance this season.NBA teams are more profitable than ever. The average earnings before interest, taxes, depreciation and amortization, or EBITDA, of $61 million per NBA team is double what it was two seasons ago.
In the beginning of the decade, more than half the teams in the NBA were losing money. Last year, theOwner Dan Gilbert spent $203 million on players, including a $50.7 million luxury tax penalty on his massive payroll, as he successfully chased a fourth-straight trip to the NBA Finals. It was the second-straight year that the Cavs were the sole NBA team in the red.
Total NBA revenue hit $8 billion last season, up 8.5%. In addition to the gains from TV and arena renovations, teams reaped the rewards of the NBA’s logo patch sponsorships. The three-year trial program started with the 2017-18 season, and every team except theIn addition to being the lone team to lose money, the Cavaliers were the only one that declined in value. The team is worth $1.28 billion, down 4% from last year.
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