Forbes Lists Lakers As 2nd-Most Valuable NBA Franchise In 2019
Richard Mackson-USA TODAY Sports

The Los Angeles Lakers ($3.7 billion) are the second-most valuable NBA franchise during the 2018-19 NBA season, according to Kurt Badenhausen and Mike Ozanian of Forbes.

At $3.7 billion, the team’s value increased by 12 percent over the past year, but the New York Knicks ($4 billion) remain the most valuable NBA franchise.

When breaking down the Lakers and Knicks’ values which includes revenue shared among all teams ($587 million vs. $611 million), city and market size ($1.866 billion vs. $1.831 billion), and brand ($674 million vs. $563 million), the major difference between the two teams is arena ($573 million vs. $995 million) due to Madison Square Garden’s recent $1 billion renovation.

As the Lakers and Knicks have not made the playoffs the last five seasons, the Golden State Warriors ($3.5 billion) have increased their value by 367 percent during this time. Meanwhile, L.A. appears headed for a sixth consecutive season without reaching the playoffs.

By moving to the Chase Center for the 2019-20 season, the Warriors are expected to challenge the Knicks in revenue ($401 million vs. $443 million).

While all 30 teams are worth at least $1 billion now, the Cleveland Cavaliers are the only one that declined in value over the past year.

Since LeBron James signed a four-year, $154 million deal with the Lakers in free agency, the Cavaliers’ value decreased by four percent.

You May Also Like

Carmelo Anthony Wasn’t Expecting Lakers To Have Interest In Free Agency But Came To L.A. With Desire To Win

After years and years of chasing after him, the Los Angeles Lakers and Carmelo Anthony finally have joined forces as the former…

Lakers News: JJ Redick Addresses Beef With Bucks’ Doc Rivers

An interesting wrinkle to the Los Angeles Lakers preseason game against the Milwaukee Bucks on Friday was the head coaches…

Lakers Returning To Palm Springs & Las Vegas For 2024 Preseason

The Los Angeles Lakers have announced three games for its 2024-25 preseason schedule, presented by Delta Airlines…

VIDEO: NBA Posts Kobe’s Top 10 Rookie Highlights On Youtube

When Kobe Bryant entered the league he was just a 17-year-old kid,…