Forbes list of the most valuable NBA teams

Forbes compiles the finances of all 30 NBA teams to produce an annual ranking of the best franchises in terms of valuation. The latest ranking reported that the Golden State Warriors are the most valuable NBA franchise for the 2025–26 NBA season, the fourth year in a row, with a valuation of $11 billion. All 30 franchises are worth an average of $5.4 billion. The Warriors are one of three NBA teams to hold the title of most valuable franchise since the inception of Forbes' ranking during the 1991–92 NBA season, with the other two being the Los Angeles Lakers and the New York Knicks.

Ranking Rankings as of January 8, 2026 (2025–26 NBA season) Rank Team State / Province Value Change Revenue Operating Income 1 Golden State Warriors $11 billion 25% $409 million 2 Los Angeles Lakers $10 billion 41% $551 million $170 million 3 New York Knicks $9.75 billion 30% $532 million $98 million 4 Los Angeles Clippers $7.5 billion 36% $569 million $154 million 5 Boston Celtics $6.7 billion 12% $458 million $116 million 6 Chicago Bulls $6.0 billion 20% $434 million $160 million 7 Houston Rockets $5.9 billion 20% $467 million $191 million 8 Miami Heat $5.7 billion 34% $417 million $110 million 9 Brooklyn Nets $5.6 billion 17% $402 million $50 million 10 Philadelphia 76ers $5.45 billion 18% $472 million $204 million 11 Phoenix Suns 26% $455 million $33 million 12 Toronto Raptors $5.4 billion 23% $380 million $136 million 13 Dallas Mavericks $5.1 billion 9% $407 million $87 million 14 Atlanta Hawks $5.0 billion 32% $477 million $203 million 15 Cleveland Cavaliers $4.8 billion 22% $440 million $127 million 16 Washington Wizards $4.7 billion 15% $389 million $135 million 17 Denver Nuggets $4.6 billion 18% $364 million $67 million 18 Sacramento Kings $4.45 billion 20% $354 million $76 million 19 San Antonio Spurs $4.4 billion 14% $401 million $151 million 20 Oklahoma City Thunder $4.35 billion 19% $357 million $114 million 21 Milwaukee Bucks $4.3 billion 8% $355 million $26 million 22 Portland Trail Blazers $4.25 billion 21% $361 million $111 million 23 Indiana Pacers $4.2 billion 17% $342 million $89 million 24 Utah Jazz $4.1 billion 15% $340 million $103 million 25 Orlando Magic $3.9 billion 22% $318 million $94 million 26 Charlotte Hornets $3.8 billion 15% $328 million $82 million 27Detroit Pistons$3.65 billion 7%$321 million$106 million 28 Minnesota Timberwolves $3.6 billion 16% $320 million $41 million 29 New Orleans Pelicans $3.55 billion 16% $302 million $78 million 30 Memphis Grizzlies $3.5 billion 17% $306 million $28 million

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Forbes list of the most valuable NBA teams

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