Most Profitable NBA Teams

Professional sports franchises have become wildly profitable businesses over the past two decades due to exploding TV rights deals. NBA teams have seen their values and revenues increase dramatically in that time. What follows is a look at the most profitable NBA franchises.

The Knicks lead this list for 2023. They are the second-most valuable NBA team ($6.6 billion) and brought in $504 million in revenue last year. That led to an operating income of $169 million.

The Lakers are the NBA’s third-most valuable team ($6.4 billion) and took advantage of their massive market and fan base to bring in $516 million in revenue last year. The finished with $159 million in operating income.

Despite struggling on the court, the Rockets made a ton of money last year. The franchise is estimated to be worth $4.4 billion, and brought in $381 million in total revenue, and finished with $125 million in operating income.

The 76ers have a loyal, dedicated fan base which helped them drive $371 million in revenue last year. That led to $120 million in operating income.

The Bulls are the NBA’s sixth-most valuable franchise, with an estimated value of $4.6 billion. They drove $372 million in revenue last year, and finished with $115 million in operating income.

The Spurs are near the bottom in value for an NBA team, as they’re worth an estimated $3.25 billion. That didn’t stop them from earning $319 million in revenue last year and finishing with $113 million in operating income.

The Heat are worth an estimated $3.9 billion and drove $371 million in revenue last year. The finished with an operating income of $108 million.

The Celtics are the NBA’s fourth-most valuable franchise ($4.7 billion), and drove a whopping $443 million in revenue last year. They finished with $88 million in operating income.

Despite having a mismatched roster and missing the playoffs last year, the Wizards drove $323 million in revenue. The finished with $85 million in operating income.

The Hawks are worth an estimated $3.325 billion, but were able to drive $326 million in revenue last year. They finished $85 million in operating income.