SAN ANTONIO – Forbes released its new list of the NBA’s most valuable franchises and the San Antonio Spurs have once again topped $1 billion in overall net worth.
The Spurs are now worth $1.175 billion with a revenue of $187 million, according to Forbes.
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Last season, the franchise's estimated worth was $1.15 billion.
These latest figures make the Spurs the 12th most valuable franchise in the league.
The Knicks ($3.3B), Lakers ($3B), Bulls ($2.5), Rockets ($1.65B) and Mavs ($1.45B) were all in the top 10.
Cleveland was No. 11 with a net worth of $1.2 billion, but Forbes estimates the franchise lost money because of the luxury-tax payment.
The average NBA franchise is now worth $1.36 million, more than double what the average was three years ago.
The massive monetary gains were fueled for the most part by the league’s nine-year, $24 billion television deal with ESPN/ABC and TNT, which began this year.
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