The Golden State Warriors are the most valuable NBA team and No. 2 among sports franchises globally, according to research from Sportico released Thursday.
The Warriors are worth $11.33 billion, surpassed only by the NFL's Dallas Cowboys ($12.8 billion). This is the fifth consecutive year that the Warriors have held the highest valuation in Sportico's NBA rankings.
Trailing them are the Los Angeles Lakers ($10 billion), New York Knicks ($9.85 billion), Los Angeles Clippers ($6.72 billion) and Boston
Celtics ($6.35 billion).
Sales of the Celtics, Lakers and Portland Trail Blazers this year helped to increase the average team value to $5.51 billion, up 20% from 2024. Just three years ago, the average value was $2.58 billion, an increase of 113%.
The team with the lowest valuation is the Memphis Grizzlies at $4 billion, per the report.
Helping to drive up Golden State's value is the team's ownership of its arena, Chase Center in San Francisco, and the 11 adjacent acres housing the mixed-use development called Thrive City.
NBA team valuations, as ranked by Sportico:
1. Golden State Warriors, $11.33 billion
2. Los Angeles Lakers, $10 billion
3. New York Knicks, $9.85 billion
4. Los Angeles Clippers, $6.72 billion
5. Boston Celtics, $6.35 billion
6. Brooklyn Nets, $6.22 billion
7. Chicago Bulls, $6.12 billion
8. Miami Heat, $6.03 billion
9. Philadelphia 76ers, $5.61 billion
10. Houston Rockets, $5.53 billion
11. Dallas Mavericks, $5.24 billion
12. Toronto Raptors, $5.22 billion
13. Phoenix Suns, $5.09 billion
14. Atlanta Hawks, $5.02 billion
15. Sacramento Kings, $5 billion
16. Cleveland Cavaliers, $4.86 billion
17. Denver Nuggets, $4.8 billion
18. Washington Wizards, $4.78 billion
19. Indiana Pacers, $4.76 billion
20. Milwaukee Bucks, $4.54 billion
21. San Antonio Spurs, $4.5 billion
22. Oklahoma City Thunder, $4.34 billion
23. Utah Jazz, $4.27 billion
24. Portland Trail Blazers, $4.25 billion
25. Minnesota Timberwolves, $4.24 billion
26. Orlando Magic, $4.21 billion
27. Detroit Pistons, $4.17 billion
28. Charlotte Hornets, $4.13 billion
29. New Orleans Pelicans, $4.02 billion
30. Memphis Grizzlies, $4 billion
--Field Level Media
