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Forbes: California’s four NBA teams valued at $2.5 billion; Lakers at $1B

Posted by on Apr 6, 2013 in Sports | 0 comments

Big cable deals, an improved revenue-sharing pact for smaller-market teams and a strike-shortened season helped increase NBA team values by 30% to $509 million. California’s four teams – the Los Angeles Lakers and Clippers, Golden State Warriors and Sacramento Kings – enjoyed a combined league-beating 35.5% gain over the past year, according to a Forbes magazine report in January. The four teams have a combined value of $2.51 billion, led by the $1 billion tag for the Lakers, the second-richest team, behind only the New York Knicks at $1.1 billion. The 16-time NBA champion Lakers – led by Kobe Bryant and Dwight Howard — boast the biggest payroll in the league, thanks in part to a 20-year cable deal with Time Warner Cable valued at $3.6 billion. The Lakers had revenue of $197 million, with operating income of $47.8...

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