The Maloof family has reached an agreement to sell the Kings for a reported $535 Million dollars. That’s after they were forced to turn down a $625 Million dollar offer from a Seattle investment group. Both offers were higher than the $525 million dollars Forbes had the team valued as in their NBA value list.
The Kings came in 11th on Forbes list and the top 10 features many of the expected large market teams and constant contenders.
Here is the Full List:
|Rank||Team||Current Value ($mil)|
|1||New York Knicks||1,100|
|2||Los Angeles Lakers||1,000|
|8||Golden State Warriors||555|
|10||San Antonio Spurs||527|
|12||Oklahoma City Thunder||475|
|15||Portland Trail Blazers||457|
|18||Los Angeles Clippers||430|
|27||New Orleans Hornets||340|
The list shows that winning doesn’t always equate to big money. The Dallas Mavericks, Phoenix Suns, and Sacramento Kings all missed the playoffs this season but rank in the top 15. In juxtapostion 2 of the final 5 teams still playing are ranked 24 & 25 respectively, Indiana and Minnesota.
This list shows that the well run franchises in the NBA will always make money no matter their win/loss record or geography. Look no further than the Lakers being valued at 1 billion dollars and the Clippers $600 million dollars behind them at $430 million dollars. The rich just get richer.