The Chicago Bulls, at $1 billion, are the NBA's third billion-dollar team. Four years of league-leading attendance and control of player costs have turned the Bulls into a solid cash cow.
The magazine estimated that the average franchise is now worth $634 million, up a remarkable 25 percent from just a year ago. Profits doubled to an all-time high of $23.7 million per team.
Franchise values have soared in recent years thanks to the anticipation of a business that will continually grow -- including national television rights deals that are currently being negotiated for beyond the 2015-16 season -- as well as unprecedented turnover. More than 30 percent of the league's teams have changed ownership groups since 2010.
Kobe Bryant was the top earning NBA player last season, pulling in $64.5 million in salary and endorsements, followed by LeBron James ($61 million), Derrick Rose ($38.6 million) and Kevin Durant ($31.8 million).
(link below)
http://espn.go.com/nba/story/_/id/10332246/forbes-new-york-knicks-nba-most-valuable-team
Wednesday, January 22, 2014
BULLS 3RD MOST VALUABLE NBA FRANCHISE
The Chicago Bulls, at $1 billion, are the NBA's third billion-dollar team. Four years of league-leading attendance and control of player costs have turned the Bulls into a solid cash cow.
The magazine estimated that the average franchise is now worth $634 million, up a remarkable 25 percent from just a year ago. Profits doubled to an all-time high of $23.7 million per team.
Franchise values have soared in recent years thanks to the anticipation of a business that will continually grow -- including national television rights deals that are currently being negotiated for beyond the 2015-16 season -- as well as unprecedented turnover. More than 30 percent of the league's teams have changed ownership groups since 2010.
Kobe Bryant was the top earning NBA player last season, pulling in $64.5 million in salary and endorsements, followed by LeBron James ($61 million), Derrick Rose ($38.6 million) and Kevin Durant ($31.8 million).
(link below)
http://espn.go.com/nba/story/_/id/10332246/forbes-new-york-knicks-nba-most-valuable-team
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