Gästeforum » Russian billionaire owner Mikhail

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" Kobe Bryant of the Los Angeles Lakers sets up a play during their 106-109 loss to the Memphis Grizzlies on January 2 in Los Angeles. Photo: CFP
Powered by record-setting telecast rights and club sales deals, the National Basketball Association saw team values skyrocket 74 percent over last year to a $1.1 billion average, Forbes magazine reported Wednesday.


The jump reported on the -magazine website is the largest year-to-year gain since Forbes began listing its sports team values for the major North American leagues in 1998. It lists 11 NBA teams worth at least $1 billion compared to three in 2014.


The report said former Microsoft boss Steve Balmer overpaid when he bought the Los Angeles Clippers for $2 billion last year in the wake of the racism controversy surrounding former owner Donald Sterling, valuing the Clippers at $1.6 billion but noting the premium that teams in large cities have in value because of greater local revenue streams Foster Moreau Jersey , citing those signed in the past six months by Miami, Atlanta and Sacramento.


Three months ago, the NBA signed new media rights deals with Walt Disney and Time Warner worth a combined $930 million a year starting with the 2016-17 season, almost three times the current telecast revenue.


The 16-time NBA champion Los Angeles Lakers, whose 12-31 record is the fourth worst in the 30-team league this season Isaiah Johnson Jersey , top the value list at $2.6 billion, jumping 93 percent from a year ago thanks in part to the NBA's richest local TV contract, worth $4 billion over 20 years and only in its third season.


The New York Knicks, whose 7-36 record is the NBA's worst, rank second on the value list at $2.5 billion Maxx Crosby Jersey , up 79 percent, and followed by the Chicago Bulls at $2 billion, Boston Celtics at $1.7 billion and the Clippers in fifth.


Nets only NBA loser


The Brooklyn Nets, the Knicks' New York neighbors, were sixth at $1.5 billion but were the only NBA club to lose money last season Trayvon Mullen Jersey , -according to Forbes.


Russian billionaire owner Mikhail Prokhorov is selling his -majority -interest in the Nets after losing nearly $100 million last season, huge debt and high payroll among the troubles for a team that is 18-24, sitting in the final Eastern Conference playoff spot at mid-season.


Golden State, boasting the NBA's best record this season at 33-6, ranks seventh at $1.3 billion and the -Warriors plan a new arena in San Francisco to open in 2018. The Houston Rockets were