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Every NBA team is now worth at least 1 billion dollars

Owning an NBA team is a dream for a lot of basketball fans, including the players themselves. The only player who was able to achieve this was the GOAT himself Michael Jordan, who is the current owner of Charlotte Hornets.

For the past couple of years owning an NBA team is a really profitable business according to Forbes. Forbes released their annual NBA franchise valuations, and the New York Knicks and the Los Angeles Lakers remained on top. Jumping into the top three this season are the Golden State Warriors, with Chicago and Boston not far behind.

The average team is worth a record $1.65 billion, 22% more than last year, and every team is worth at least $1 billion for the first time. Franchise values have tripled over the past five years. Credit the league’s economics, in particular its international growth prospects, which are the best of any major U.S. sports league.

Since Adam Silver took over as commissioner in February 2014, the league's teams went from being worth $19 billion collectively to $50 billion. The league's U.S. television deal with ESPN/ABC and Turner, valued at $24 billion and runs through the 2024-25 season, is the primary reason for the bump, but the league also has the strongest international business among the four major North American sports leagues.

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An interesting growth in terms of value comes from the current NBA champions Golden State Warriors. In 1991, the Warriors were the 18th-most-valuable NBA franchise at $50 million ($91 million in today's dollars). The team was purchased for a then-NBA record $450 million in 2010 and is now worth seven times that. Two championships with a significant bump in ticket prices have helped, as does the promise of a new arena -- the Chase Center, scheduled to open for the 2019-20 season.

However, compared to the National Football League (NFL) and Major League Baseball (MLB), franchises in the NBA are, on average, still worthless. The average franchise value in the National Football League (NFL) is over two billion, whereas the teams in Major League Baseball have an average value of almost 1.3 billion U.S. dollars

Basketball is rapidly growing in popularity, especially in China where over 300 million people are active fans. In the next 5-10 years, the average worth of NBA teams will probably increase even more, and at some point, NBA teams will make even more money than NFL & MLB teams. This means more money will be shared among team owners, players, and coaches.

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