Published: Thu, February 16, 2017
Sport | By Scott Davis

Rockets Ranked 8th In Forbes NBA Franchise Value Rankings

Rockets Ranked 8th In Forbes NBA Franchise Value Rankings

The New York Knicks have been in the news lately for being one of the more dysfunctional franchises in sports. Only 12 of the NBA's 30 teams are valued under $1 billion, an upward trend for the league. The list continues with the Golden State Warriors ($2.6 billion), Chicago Bulls ($2.5 billion), Boston Celtics ($2.2 billion), Los Angeles Clippers ($2 billion), and the Brooklyn Nets ($1.8 billion).

The Warriors now sit behind the New York Knicks ($3.3 billion) and Los Angeles Lakers ($3 billion) in the value rankings, but that could all change in 2019 when the Warriors make the trip across the San Francisco Bay Bridge and tip off play in their new arena valued at $300 million, Forbes reported. The Warriors rose 37% in value and are now worth $2.6 billion. The franchise has also broken ground on a state-of-the-art arena due to open in 2019.

They have held the top two spots in the rankings for almost 20 years, and their combined 42-71 record this season, which comes on the back of a similarly rough showing last campaign, is not almost enough to derail their big-market revenues. The New Orleans Pelicans are last on the list with a value of $750 million.

Seven years ago, the Warriors were sold for a then National Basketball Association record $450 million.

Forbes on Wednesday released its annual ranking of franchise valuations. Curry is set to become an unrestricted free agent this summer and could command a contract worth over $200 million.

Leslie Alexander purchased the Rockets in 1993 for $85 million.

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