The Los Angeles Lakers’ record sales are being felt far beyond Hollywood.
Mark Walter’s pending $12.5 billion sale to Joshua Kushner and Bob Iger will have a major impact on the valuations of every NBA team.
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 controlling interest in the Lakers at a valuation of $10 billion. The $12.5 billion deal is worth an estimated 20 times the team’s 2025-26 season revenue, making it the highest multiple for control of an NBA team in history.
CNBC adjusted the NBA valuations of all 30 teams published in February based on the Lakers’ $12.5 billion contract.
The Golden State Warriors will remain the most valuable team, but their value will increase from $10.8 billion in February to $13 billion. The two teams that have increased the most in value since February are the reigning NBA champion New York Knicks and Chicago Bulls, each up 26%.
In addition to historical sales prices and corresponding earnings multiples, other factors CNBC considers in its evaluation include arena economics, market size, and investor interest.
Here are the current values of each of the NBA’s 30 teams: Revenue and EBITDA are for the 2024-2025 season, which was first published in February.
Standing Team Real Time Value Value Change since February 13, 2026 Value 1 Yearly Value Change (%) Revenue EBITDA Debt % of Value Owner 1 Golden State Warriors $13B20%$10.8B15%$840M$362M7% Joe Lacob, Peter Guber 2 New York Knicks $12.7B26%$10.1B35%$619M$91M3% Madison Square Garden Den Sports 3 Los Angeles Lakers $12.5B25%$10 billion 43%$565M$158M4% Mark Walter 4 Los Angeles Clippers $8.3B20%$6.9B28%$492M$146M3%Steve Ballmer 5 Chicago Bulls $8.1B26%$6.45B11%$413M$121M3% Jerry Reinsdorf 6 Houston Rockets $7.65B20%$6.35B11%$437M$126M3% Tillman Fertig Ta7 Boston Celtics $7.5B19%$6.3B15%$439M$-15M3% William Chisholm 8 Philadelphia 76ers $7.35B20%$6.1B24%$425M$125M3% Josh Hari David Blitzer 9 Miami Heat $7.3B21%$6.05B19%$420M$96M7% Mickey Arison 10 Brooklyn Nets $7.1B18%$6B7%$409M$80M13% Joe Tsai 11 Las Mavericks $6.7B 22%$5.5B 10%$356M$-26M4% Miriam Adelson, Patrick, Sivan Dumont, Mark Cuban 12 Atlanta Hawks $6.35B18%$5.4B26%$448M$ 103M4% Tony Ressler, Jamie Gertz 13 Toronto Raptors $6.4B 20% $53.5B 19% $383M $103M4% Rogers Communications, Larry Tannenbaum 14 Phoenix Suns $6.3B 19%$5.3B15%$399M$-81M6%Matt Ishbia, Justin Ishbia15Sacramento Kings$6.2B18%$5.25B18%$450M$90M13%Vivec Ranadivé16 Cleveland Cavaliers $6.1B18%$5.15B18%$438M$121M4%Dan Gilbert 17Washington Wizards$5.75B19%$4.85B14%$373M$118M4%Ted Leonsis18Denver Nage $5.6B19%$4.7B12%$398M$74M3%Stan Kroenke19Milwaukee Bucks$5.4B20%$4.5B10%$358M$0M7%Wes Edens and Jamie Dinan, Jimmy and Dee Ha Slam 20 Utah Jazz $5.25B21%$4.35B16%$385M$116M7%Ryan Smith, Ashley Smith 21 San Antonio Spurs$5.2B21%$4.3B16%$353M$103M5%Holt Family Lee, Sixth Street Partners 22 Oklahoma City Thunder $5.15B21% $4.25B21% $371M $97M5% Clayton Bennett, George Kizer 23 Indiana Pacers $5.1B21% $4.2 B24%$394M$113M5%Herb Simon and Stephen Simon, Stephen Lares24 Portland Trail Blazers$5.0B 22%$4.1B 12%$315M$15M4%Paul G. Allen Trust 25 Orlando Magic $5.05B25%$4.05B14%$334M$97M5%DeVos Family26Detroit Pistons$4.9B23%$4B16%$331M$114M5%Tom Gores27Charlotte Ho Nets $4.75B22%$3.9B16%$326M$61M8%Rich Schnall, Gabe Plotkin28 New Orleans Pelicans$4.6B19%$3.85B17%$328M$83M6%Gail Benson29 Minnesota・Timberwolves $4.65B22%$3.8B17%$339M$-56M6% Mark Rohr, Alex Rodriguez 30Memphis Grizzlies $4.55B21%$3.75B17%$330M$77M9%Robert Pera
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