Forbes list of the most valuable NBA teams

Forbes releases an annual valuation ranking for all 30 NBA franchises. For the 2024-25 season, the Golden State Warriors hold the top spot with a valuation of $8.8 billion, marking them as only the third team to lead Forbes' rankings since it began in the 1991–92 season, joining the ranks of the Los Angeles Lakers and New York Knicks.

This ranking receives frequent attention from prominent outlets such as The New York Times and Sports Illustrated, and is officially recognized by the NBA. Forbes' analyses also explore market dynamics, including how influential players like Ja Morant affect teams such as the Memphis Grizzlies, demonstrating the role of star athletes in enhancing franchise worth and competitive standing.

Ranking

Standings as of November 19, 2024 (2024-25 NBA season)

Rank	Team	State / Province	Value	Change	Operating Income
1	Golden State Warriors	Template:Country data California	$8.8 billion	14%	$142 million
2	New York Knicks	Template:Country data New York	$7.5 billion	14%	$182 million
3	Los Angeles Lakers	Template:Country data California	$7.1 billion	11%	$199 million
4	Boston Celtics	Template:Country data Massachusetts	$6.0 billion	28%	$121 million
5	Los Angeles Clippers	Template:Country data California	$5.5 billion	18%	$96 million
6	Chicago Bulls	Template:Country data Illinois	$5.0 billion	9%	$140 million
7	Houston Rockets	Texas	$4.9 billion	11%	$160 million
8	Brooklyn Nets	Template:Country data New York	$4.8 billion	25%	$43 million
9	Dallas Mavericks	Texas	$4.7 billion	4%	$158 million
10	Philadelphia 76ers	Template:Country data Pennsylvania	$4.6 billion	7%	$120 million
11	Toronto Raptors	Template:Country data Ontario	$4.4 billion	7%	$97 million
12	Phoenix Suns	Template:Country data Arizona	$4.3 billion	8%	–$14 million
13	Miami Heat	Template:Country data Florida	$4.25 billion	9%	$62 million
14	Washington Wizards	Template:Country data Washington, D.C.	$4.1 billion	17%	$118 million
15	Milwaukee Bucks	Template:Country data Wisconsin	$4.0 billion	25%	–$16 million
16	Cleveland Cavaliers	Template:Country data Ohio	$3.95 billion	18%	$97 million
17	Denver Nuggets	Template:Country data Colorado	$3.9 billion	16%	$57 million
18	San Antonio Spurs	Texas	$3.85 billion	18%	$118 million
19	Atlanta Hawks	Template:Country data Georgia (U.S. state)	$3.8 billion	14%	$94 million
20	Sacramento Kings	Template:Country data California	$3.7 billion	11%	$54 million
21	Oklahoma City Thunder	Template:Country data Oklahoma	$3.65 billion	20%	$90 million
22	Indiana Pacers	Template:Country data Indiana	$3.6 billion	24%	$94 million
23	Utah Jazz	Template:Country data Utah	=15%=	=89 million=
	Template:Country data "Oregon"Template:Namespace detect showall		$3.5B		14%		$81M
	Template:Country data "Michigan"Template:Namespace detect showall		$3.4B		11%		$89M
	Template:Country data "North Carolina"Template:Namespace detect showall		$3.3B		10%		$84M
	Template:Country data "Florida"Template:Namespace detect showall		$3.2B		8%		$82M
	Template:Country data "Minnesota"Template:Namespace detect showall		$3.1B		24%		$72M
	Template:Country data "Louisiana"Template:Namespace detect showall		$3.05B		20%		$41M
	Template:Country data "Tennessee"Template:Namespace detect showall		$3.0B		25%		$44M

See also

• Forbes' ranking of the highest-valued sports franchises
• Ranking of professional sports leagues based on revenue