Bulls franchise valued at $3.2 billion by Forbes

The average NBA franchise is now valued at just over $2.1 billion, with Forbes saying the New York Knicks — worth $4.6 billion by the magazine’s calculations — ranking atop the league list.

By Associated Press

Bulls chairman Jerry Reinsdorf’s team has been valued at $3.2 billion by Forbes.

NEW YORK — Forbes is listing the average value of NBA franchises over $2 billion for the first time, a figure that has grown nearly 600% in the last decade.

The average NBA franchise is now valued at just over $2.1 billion, with Forbes saying the New York Knicks — worth $4.6 billion by the magazine’s calculations — ranking atop the league list.

The Los Angeles Lakers were listed with a worth of $4.4 billion by Forbes, with the Golden State Warriors at $4.3 billion.

The rest of the top 10: the Bulls ($3.2 billion), Boston ($3.1 billion), the Los Angeles Clippers ($2.6 billion), Brooklyn ($2.5 billion), Houston ($2.475 billion), Dallas ($2.4 billion) and Toronto ($2.1 billion).

Forbes also calculated the revenue of the 30 NBA teams at a combined $8.8 billion last season, a new record, and forecast it would exceed $9 billion this season.

Next Up In Chicago Bulls

Stay close, pull it out late? That’s hardly a recipe for Bulls success against Bucks

Bulls rookie Ayo Dosunmu’s minutes might be in jeopardy against Bucks

Bulls behind the times in NBA’s evolution

Physicality of Game 1 ‘price of admission’ if Bulls want to win series

Tale of the tape: Bulls didn’t measure up even with Giannis going scoreless in fourth quarter

Bulls put up a fight in Game 1 but fall late to defending champion Bucks

Forbes values Bulls franchise at $3.2 billion, fourth-highest in NBA

The average NBA franchise is now valued at just over $2.1 billion, with Forbes saying the New York Knicks — worth $4.6 billion by the magazine’s calculations — ranking atop the league list.