Lakers, Bulls Most Profitable Teams; Mavericks Operating at a Loss
The Lakers are worth $584 million and are the second-most valuable NBA franchise behind the New York Knicks, according to an annual report on all 30 teams by Forbes magazine.
The Lakers were worth $24 million more than last year’s valuation and also had the league’s second-highest operating profit — $47.9 million (on $191 million in revenues.)
The Knicks ($613 million) are followed by the Lakers and Bulls ($504 million).
The Clippers are valued 25th at $297 million.
The magazine also said the Bulls enjoyed the biggest operating profit in the past year ($55.4 million). Forbes claimed that all top 10 NBA teams were profitable, with one exception — Mark Cuban’s Dallas Mavericks posted an operating loss of $13.6 million.