According to the 2007 Forbes “NBA Team Valuations” list, the Cleveland Cavaliers are now worth $455 million, up 20 percent from last year. The gain was also a result of a new cable deal with FSN Ohio worth $25 million a year, more than double the old contract. The agreement kicked off last season.
The Cavaliers are ranked 7 right after Dallas. New York Nicks made the top list with $608 million.
The 1-Yr Value change for the Cavaliers is the highes with 20% followed by Toronto Raptors.
The Annual revenue for the Cavaliers is $152 million. The Pistons($154 mil), Bulls($161 mil), Lakers($170 mil), and Knicks ($196) are ahead of the Cavaliers.
NBA teams posted an average profit (in the sense of earnings before interest, taxes, depreciation and amortization) of $9.8 million, on revenues of $119 million. This is the highest income since Forbes began tracking basketball team finances 10 years ago.
The NBA’s financial success is a result of three components: a steady increase in gate receipts; bigger TV deals,and the collective bargaining agreement.
1 New York Knicks $608
2 Los Angeles Lakers $560
3 Chicago Bulls $500
4 Detroit Pistons $477
5 Houston Rockets $462
6 Dallas Mavericks $461
7 Cleveland Cavaliers $455
8 Phoenix Suns $449
9 Miami Heat $418
10 San Antonio Spurs $405
11 Boston Celtics $391
12 Sacramento Kings $385
13 Philadelphia 76ers $380
14 Toronto Raptors $373
15 Washington Wizards $348
16 Utah Jazz $342
17 New Jersey Nets $338
18 Indiana Pacers $333
19 Orlando Magic $322
20 Denver Nuggets $321
21 Golden State Warriors $309
22 Minnesota Timberwolves $308
23 Memphis Grizzlies $304
24 Los Angeles Clippers $294
25 Charlotte Bobcats $287
26 Atlanta Hawks $286
27 New Orleans Hornets $272
28 Seattle SuperSonics $269
29 Milwaukee Bucks $264
30 Portland Trail Blazers $253