This wasn’t a secret, but it is very revealing. I wonder how much the Buss family could score if they put the Lakers up for sell.
Last season, the Los Angeles Lakers were one of only two NBA teams worth $1 billion trailing only the New York Knicks according to the Forbes list. The Knicks fall fron grace over one season had major effect on both franchises net worth.
The Los Angeles Lakers are the NBA’s most valuable franchise, worth $2.6 billion, according to Forbes.
The Los Angeles Lakers lead the way at $2.6 billion, up 93% over last year. The Lakers finished with their second worst record in franchise history at 27-55 last season and are faring even worse this year, but the team has the richest local TV deal in the sport: a 20-year, $4 billion contract with Time Warner that kicked off in 2012.
The NBA signing a new $24 billion TV contract undoubtedly has a lot to do with the rise in worth for these teams.