The record-breaking sale of the Los Angeles Lakers is being felt far beyond Hollywood.The pending $12.5 billion sale by Mark Walter to Joshua Kushner and Bob Iger will have a big impact on all NBA team valuations. If the sale is approved, the average value of an NBA team would increase 21% to $6.68 billion, according to CNBC's proprietary team transaction database.In October, Walter purchased a control stake in the Lakers at a valuation of $10 billion. The $12.5 billion deal would be an estimated 20 times the team's 2025-26 season revenue — an all-time high multiple for a control stake in an NBA team.CNBC has adjusted the NBA valuations published in February for all 30 teams based on the $12.5 billion deal for the Lakers. The Golden State Warriors would remain the most valuable team, but their value would increase to $13 billion from $10.8 billion in February. The two teams that have increased the most in value from February are the reigning NBA champion New York Knicks and the Chicago Bulls, with each rising 26%.Aside from historical sale prices and their corresponding revenue multiples, among the factors CNBC considers in our valuations are arena economics, market size and investor interest. Here's how much each of the NBA's 30 teams are now worth. Revenue and EBITDA are for 2024-2025 season as originally published in February.CNBC’s Real-Time NBA ValuationsRankTeamReal-time valueChange in value since 2/13/2026ValueOne-year value change (%)RevenueEBITDADebt as % of ValueOwner(s)1Golden State Warriors$13B20%$10.8B15%$840M$362M7%Joe Lacob, Peter Guber2New York Knicks$12.7B26%$10.1B35%$619M$91M3%Madison Square Garden Sports3Los Angeles Lakers$12.5B25%$10B43%$565M$158M4%Mark Walter4Los Angeles Clippers$8.3B20%$6.9B28%$492M$146M3%Steve Ballmer5Chicago Bulls$8.1B26%$6.45B11%$413M$121M3%Jerry Reinsdorf6Houston Rockets$7.65B20%$6.35B11%$437M$126M3%Tilman Fertitta7Boston Celtics$7.5B19%$6.3B15%$439M$-15M3%William Chisholm8Philadelphia 76ers$7.35B20%$6.1B24%$425M$125M3%Josh Harris, David Blitzer9Miami Heat$7.3B21%$6.05B19%$420M$96M7%Micky Arison10Brooklyn Nets$7.1B18%$6B7%$409M$80M13%Joe Tsai11Dallas Mavericks$6.7B22%$5.5B10%$356M$-26M4%Miriam Adelson and Patrick and Sivan Dumont, Mark Cuban12Atlanta Hawks$6.35B18%$5.4B26%$448M$103M4%Tony Ressler, Jami Gertz13Toronto Raptors$6.4B20%$5.35B19%$383M$103M4%Rogers Communications, Larry Tanenbaum14Phoenix Suns$6.3B19%$5.3B15%$399M$-81M6%Mat Ishbia, Justin Ishbia15Sacramento Kings$6.2B18%$5.25B18%$450M$90M13%Vivek Ranadivé16Cleveland Cavaliers$6.1B18%$5.15B18%$438M$121M4%Dan Gilbert17Washington Wizards$5.75B19%$4.85B14%$373M$118M4%Ted Leonsis18Denver Nuggets$5.6B19%$4.7B12%$398M$74M3%Stan Kroenke19Milwaukee Bucks$5.4B20%$4.5B10%$358M$0M7%Wes Edens and Jamie Dinan, Jimmy and Dee Haslam20Utah Jazz$5.25B21%$4.35B16%$385M$116M7%Ryan Smith, Ashley Smith21San Antonio Spurs$5.2B21%$4.3B16%$353M$103M5%Holt family, Sixth Street Partners22Oklahoma City Thunder$5.15B21%$4.25B21%$371M$97M5%Clayton Bennett, George Kaiser23Indiana Pacers$5.1B21%$4.2B24%$394M$113M5%Herb Simon and Stephen Simon, Steven Rales24Portland Trail Blazers$5B22%$4.1B12%$315M$15M4%Paul G. Allen Trust25Orlando Magic$5.05B25%$4.05B14%$334M$97M5%DeVos family26Detroit Pistons$4.9B23%$4B16%$331M$114M5%Tom Gores27Charlotte Hornets$4.75B22%$3.9B16%$326M$61M8%Rich Schnall, Gabe Plotkin28New Orleans Pelicans$4.6B19%$3.85B17%$328M$83M6%Gayle Benson29Minnesota Timberwolves$4.65B22%$3.8B17%$339M$-56M6%Marc Lore, Alex Rodriguez30Memphis Grizzlies$4.55B21%$3.75B17%$330M$77M9%Robert PeraGet the CNBC Sport newsletter directly to your inboxThe CNBC Sport newsletter with Alex Sherman brings you the biggest news and exclusive interviews from the worlds of sports business and media, delivered weekly to your inbox.Subscribe here to get access today.
Here's how the Los Angeles Lakers' $12.5B sale impacts the value of all 30 NBA teams
The record-breaking sale of the Los Angeles Lakers is being felt far beyond Hollywood.The pending $12.5 billion sale by Mark Walter to Joshua Kushner and Bob Iger will have a big impact on all NBA team valuations. If the sale is approved, the average value of an NBA team would increase 21% to $6.68 billion, according to CNBC's proprietary team transaction database.In October, Walter purchased a control stake in the Lakers at a valuation of $10 billion. The $12.5 billion deal would be an estimated 20 times the team's 2025-26 season revenue — an all-time high multiple for a control stake in an NBA team.CNBC has adjusted the NBA valuations published in February for all 30 teams based on the $12.5 billion deal for the Lakers. The Golden State Warriors would remain the most valuable team, but their value would increase to $13 billion from $10.8 billion in February. The two teams that have increased the most in value from February are the reigning NBA champion New York Knicks and the Chicago Bulls, with each rising 26%.Aside from historical sale prices and their corresponding revenue multiples, among the factors CNBC considers in our valuations are arena economics, market size and investor interest. Here's how much each of the NBA's 30 teams are now worth. Revenue and EBITDA are for 2024-2025 season as originally published in February.CNBC’s Real-Time NBA ValuationsRankTeamReal-time valueChange in value since 2/13/2026ValueOne-year value change (%)RevenueEBITDADebt as % of ValueOwner(s)1Golden State Warriors$13B20%$10.8B15%$840M$362M7%Joe Lacob, Peter Guber2New York Knicks$12.7B26%$10.1B35%$619M$91M3%Madison Square Garden Sports3Los Angeles Lakers$12.5B25%$10B43%$565M$158M4%Mark Walter4Los Angeles Clippers$8.3B20%$6.9B28%$492M$146M3%Steve Ballmer5Chicago Bulls$8.1B26%$6.45B11%$413M$121M3%Jerry Reinsdorf6Houston Rockets$7.65B20%$6.35B11%$437M$126M3%Tilman Fertitta7Boston Celtics$7.5B19%$6.3B15%$439M$-15M3%William Chisholm8Philadelphia 76ers$7.35B20%$6.1B24%$425M$125M3%Josh Harris, David Blitzer9Miami Heat$7.3B21%$6.05B19%$420M$96M7%Micky Arison10Brooklyn Nets$7.1B18%$6B7%$409M$80M13%Joe Tsai11Dallas Mavericks$6.7B22%$5.5B10%$356M$-26M4%Miriam Adelson and Patrick and Sivan Dumont, Mark Cuban12Atlanta Hawks$6.35B18%$5.4B26%$448M$103M4%Tony Ressler, Jami Gertz13Toronto Raptors$6.4B20%$5.35B19%$383M$103M4%Rogers Communications, Larry Tanenbaum14Phoenix Suns$6.3B19%$5.3B15%$399M$-81M6%Mat Ishbia, Justin Ishbia15Sacramento Kings$6.2B18%$5.25B18%$450M$90M13%Vivek Ranadivé16Cleveland Cavaliers$6.1B18%$5.15B18%$438M$121M4%Dan Gilbert17Washington Wizards$5.75B19%$4.85B14%$373M$118M4%Ted Leonsis18Denver Nuggets$5.6B19%$4.7B12%$398M$74M3%Stan Kroenke19Milwaukee Bucks$5.4B20%$4.5B10%$358M$0M7%Wes Edens and Jamie Dinan, Jimmy and Dee Haslam20Utah Jazz$5.25B21%$4.35B16%$385M$116M7%Ryan Smith, Ashley Smith21San Antonio Spurs$5.2B21%$4.3B16%$353M$103M5%Holt family, Sixth Street Partners22Oklahoma City Thunder$5.15B21%$4.25B21%$371M$97M5%Clayton Bennett, George Kaiser23Indiana Pacers$5.1B21%$4.2B24%$394M$113M5%Herb Simon and Stephen Simon, Steven Rales24Portland Trail Blazers$5B22%$4.1B12%$315M$15M4%Paul G. Allen Trust25Orlando Magic$5.05B25%$4.05B14%$334M$97M5%DeVos family26Detroit Pistons$4.9B23%$4B16%$331M$114M5%Tom Gores27Charlotte Hornets$4.75B22%$3.9B16%$326M$61M8%Rich Schnall, Gabe Plotkin28New Orleans Pelicans$4.6B19%$3.85B17%$328M$83M6%Gayle Benson29Minnesota Timberwolves$4.65B22%$3.8B17%$339M$-56M6%Marc Lore, Alex Rodriguez30Memphis Grizzlies$4.55B21%$3.75B17%$330M$77M9%Robert PeraGet the CNBC Sport newsletter directly to your inboxThe CNBC Sport newsletter with Alex Sherman brings you the biggest news and exclusive interviews from the worlds of sports business and media, delivered weekly to your inbox.Subscribe here to get access today.
Lakers sold for record $12.5 billion to Joshua Kushner and Bob Iger, setting a 20x revenue multiple—the highest NBA control-stake valuation. All 30 franchises revalued +21% to $6.68B average, reflecting strong investor confidence in regulated sports-media assets.
