Forbes Magazine’s NBA Team Values

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Another strong-arm tactic to divert taxpayer dollars to franchise owners’ bottom line

 

 

Short of a new building, local taxpayers should pay for improvements to the downtown arena where the Minnesota Timberwolves play, according to NBA Commissioner David Stern. These “Stern comments” came a couple of weeks ago prior to his meeting with City officials “just to talk about where things stand in respect to centering back to the great building it was,” said the league commish of the publicly owned arena. “When you think about the [proposed] new scoreboard, the signage, the seats, the clubs, the restaurants, everything really takes the ambiance of the building…and brings it really into the 21st century,” he suggested. In other words, here comes another strong-arm tactic, subtle or otherwise, that league commissioners typically employ whenever franchises can’t get what they want. Forbes Magazine’s NBA Team Values list of the 30 franchises reveals that every team increased its value since last year, including a 34-percent increase for the Wolves, who rank 26th in current value ($364 million). Continue Reading →

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