Sixers ranked 23rd in Forbes' NBA valuations

Sixers ranked 23rd in Forbes' NBA valuations
January 22, 2014, 11:45 am
Share This Post

The Sixers are worth $182 million more than Josh Harris' group purchased them for in 2011, according to Forbes. (AP)

The Sixers are the 23rd-most valuable NBA team out of 30, according to Forbes' 2014 rankings released this week.

The team is worth $469 million, more than only the Memphis Grizzlies, Detroit Pistons, Minnesota Timberwolves, Atlanta Hawks, New Orleans Pelicans, Charlotte Bobcats and Milwaukee Bucks.

The Sixers' 12-percent increase in value from 2013 to 2014 is the third-smallest in the NBA, ahead of only the Sacramento Kings and Dallas Mavericks.

Their revenue, according to Forbes, was $117 million, which ranked 25th. The Lakers were first at $295 million, followed by the Knicks ($287M), Bulls ($195M), Rockets ($191M), Nets ($190), Heat ($188M) and Celtics ($169M).

In terms of operating income -- earnings before interest, taxes, depreciation and amortization -- the Sixers were second-to-last in the NBA at minus-$3.8 million. Only the Nets were (minus-$19 million) were worse.

Sixers principal owner Josh Harris bought the team in 2011 for $287 million. In 2013, Harris' group purchased the New Jersey Devils and the Prudential Center for $320 million.

The Sixers have the NBA's lowest payroll this season. Their average ticket price is $39. The Knicks and Lakers -- the two most valuable NBA teams by Forbes' standards -- sell their average ticket for $125.

Only three teams are worth at least a billion dollars according to Forbes: the Knicks ($1.4 billion), Lakers ($1.35 billion) and Bulls ($1 billion).