As in most pro sports, NBA teams make their money from a combination of ticket sales, suite sales, naming rights and local TV and radio deals, as well as leaguewide media, merchandising and sponsorship revenues.
How do NBA team owners make money?
Owners of NBA teams report earnings around $12-30 million per season year. This is taking home money from $100 million once all the taxes and fees are added up. After counting player salaries’, arena costs and maintenance, and other required expenses, the owners take home a decent payday.
How much profit do NBA teams make?
The NBA makes money primarily through television, merchandising, sponsorships, and tickets. The 30 teams making up the NBA have an average valuation of $1.9 billion each. Across last year’s season, the NBA generated about $8 billion in revenue.
Are all NBA teams profitable?
NEW YORK (February 6, 2019) – Forbes today announced its annual valuations of the National Basketball Association’s 30 teams. Total NBA revenue hit $8 billion last season. Four teams, New York Knicks, Los Angeles Lakers, Golden State Warriors and Chicago Bulls earned more than $100 million.
What is the richest NBA team?
Forbes says the Los Angeles Lakers remain in second place with a value of $3.7 billion, up 12 percent. Rounding out the top five are the Golden State Warriors ($3.5 billion), Chicago Bulls ($2.9 billion) and Boston Celtics ($2.8 billion). The average NBA team is worth $1.9 billion, up 13 percent from last year.