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.

SHARE Forbes values Bulls franchise at $3.2 billion, fourth-highest in NBA
Bulls chairman Jerry Reinsdorf’s team has been valued at $3.2 billion by Forbes.

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

Scott Eisen/AP

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.

The Latest
The anchor, who had a seven-decade career in news, led WGN’s nightly news broadcast throughout the 1970s, working alongside Harry Volkman and Jack Brickhouse.
At least 100 deaths are reported. The U.S. Geological Survey said the quake was centered near Gaziantep, a provincial capital about 60 miles from the Syrian border.
The boy was in the 2200 block of South Keeler Avenue when he was shot, police said.
John Egofske will fill the seat left vacant by last month’s resignation of former House Republican Leader Jim Durkin. Egofske will continue to serve as mayor.