The Golden State Warriors are now worth $7 billion, thanks to its title-clinching campaign last season. As a result, they have overtaken the New York Knicks as the NBA’s most valuable franchise.
Warriors now worth $7 billion
The Golden State Warriors are now worth $7 billion, an increase of 25 percent compared to a year ago. They are now on top of the teams in terms of value. Second is erstwhile leader New York Knicks, who lost the throne for the first time in six years with a valuation of $6.1 billion. The new-look L.A. Lakers claimed the 3rd spot with $5.9 billion, while the Chicago Bulls and the Boston Celtics rounded up the top five.
Interesting take: the five most valued teams have a rich history. The Warriors have been tearing the league apart for almost a decade now. It’s no secret that behind their resurgence and dominance is a player not even standing above 6’2”: Steph Curry. Obviously, Curry is just a part of the entire system the Warriors have implemented, but without him, Golden State wouldn’t have achieved the same level of success as they have now. Curry has won four titles in eight years and isn’t showing any signs of slowing down.
It's been 12 years since Joe Lacob acquired the franchise for $450 million. At that time, it was more of a gamble than a high-reward investment. Fast forward to 2022, and the owners have made more than 10 times what they paid.
The Knicks, meanwhile, remain among the most valued franchise despite not making a serious postseason push in recent years. But the fans have something to look forward to this year. They are 3rd in the East Conference standings with a 3-1 record as of now. It may still be early in the season, but you take what you get as a Knicks fan.
Everyone loves winners
The Warriors have become the standard of how a franchise should be managed from every single aspect. Minus the altercation that happened in the offseason between Draymond Green and Jordan Poole, they are in a perfect position to have a deep postseason this year and even become repeat champions. Meanwhile, the Lakers are the complete opposite. They haven’t gotten the players they needed in the offseason, and so far, the gamble with Russell Westbrook isn’t paying dividends. With a new coach at the helm, these are the learning curves for LeBron James and company, but without a win in their first four games starting the season, some fans have started to turn their back on the team.
The Knicks have been on top of the most valued teams because of the impeccable power of the New York market. On top of that, Madison Square Garden is considered the basketball mecca for a reason. Meanwhile, the Bulls and Celtics are banking on their rich history of winning and the recent resurgence in the league.
The Warriors are first in the NBA regarding revenue, operating profit, best sales in premium seating, and advertising. That tells us that people love to watch players committed to winning. They trust organizations that put the team in the best position to compete. When the front office is transparent and committed to all their plans and the players show up every game, the fans are willing to shell out big bucks to watch them perform. You won’t know what to get from the Warriors each night: Curry could explode to 50 points, or Klay could make 10-15 3s. These are the things fans are willing to pay for: to witness something special they have never seen before.