Forbes ranks NBA team's value, most lost money

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by Joel Knip

NWCN.com

Posted on January 26, 2011 at 6:28 PM

Updated Wednesday, Jan 26 at 7:39 PM

Every year Forbes.com ranks NBA teams according to their value. The New York Knicks have overtaken the Los Angeles Lakers for number one.  The Knicks are worth $655 million.  The Lakers' pricetag comes in at $643 million.  Paul Allen and the Blazers come in 14th place at $356 million.  According to Forbes, 17 of the 30 teams lost money last season.

Now here are the ones Sonic fans may be interested in.  Oklahoma City checks in at #18 with the franchise worth $329 million.  Forbes reports Clay Bennett paid $325 million for the former Sonics.  I don't think they've included the cost Bennett paid for breaking the KeyArena lease. So you tack on that $45 million to his cost, then the Sonics cost him $370 million.

The financially troubled Maloof brothers have a franchise worth $293 million.  According to Forbes.com, the Sacramento Kings lost $10 million in operating income over the past year.  The Kings were in 24th place in value amongst the NBA teams.

The New Orleans Hornets come in 26th.  The NBA just bought the franchise for $310 million last month.  They've already "lost" money on the deal.  Forbes.com reports the Hornets are only worth $280 million. New Orleans is in the red for operating income. They lost nearly $6 million over the past year.

The least expensive team is the Milwaukee Bucks. Forbes ranks them 30th at the price of $258 million.

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