By now you all know that almost everything about the NBA is business. From owning and running a franchise to selling of tickets to games, are all businesses that people invest huge sums of money in.
The richest NBA teams you will see today are as a result of how successfully they are managed in terms of finances and investments. Their success and excellent management is what helps push their total value up.
In this article, however, all that we will talk about are the top five richest NBA teams in 2022, and please don’t think the rest of the 25 teams in the NBA are bankrupt. They are also valued at nothing less than a billion dollars.
The valuations are arrived at by applying financial metrics such as debt and operating income to each of the teams in the league.
Now, check the top 5 richest NBA teams
1. New York Nicks
The New York Nicks are the top richest NBA team. The franchise is valued at some $5.8 Billion, according to Forbes.
The franchise was established in 1946 and competes in the NBA as a member of the league’s Atlantic Division of the Eastern Conference.
The team plays all their home games at Madison Square Garden in midtown Manhattan, and blue, orange, silver, black, and white are their official team colors.
The team is owned by Madison Square Garden Company, managed by Scott Perry, and coached by Mike Miller. A website development and hosting company, Squarespace, is the main official sponsor of the franchise.
The New York Nicks have won just two NBA championships in their 76 years of existence, eight conference championships, and five division titles since their inception in 1946.
2. Golden State Warrior
Valued at $5.6 billion; the Warriors are third in the list of richest NBA teams.
The franchise is based in San Francisco and competes in the NBA as a member of the Western Conference Pacific Division.
The Warriors were founded in 1946 and play all their home games at the Chase Center in San Francisco. Their official team colors are: blue and yellow. The franchise’s main official sponsor is Rakuten.
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— Golden State Warriors (@warriors) October 4, 2022
Joe Lacob and Peter Guber are the majority and minority owners of the team respectively. The Warriors are managed by Bob Myers and coached by Steve Kerr.
Since its inception in 1946, the Warriors have won a total of seven NBA championships and several other recognized titles.
3. Los Angeles Lakers
The LA Lakers are valued at some $5.5 Billion. They are the second richest on the list of richest NBA teams in existence.
The franchise is based in Los Angeles, California, and competes in the NBA league as a member of the league’s Western Conference in the Pacific Division.
Their home games are played at the Crypto.com Arena, which they share with the LA Clippers and the LA Sparks. Purple, gold, and black as their official colors of the team
The team is owned by Buss Family Trust and a few other individuals. Their main sponsor is Bibigo, a South Korean food manufacturing company. The team is managed by Rob Pelinka and coached by Frank Vogel.
So far, the Lakers have won 17 NBA championships, thirty-one conference titles, and twenty-three division titles in their 75 years history. They, together with the Boston Celtics, have the most NBA championship titles.
4. Chicago Bulls
The Bulls are valued at $3.65 billion.
The Chicago Bulls compete in the National Basketball Association (NBA) as a member of the league’s Eastern Conference Central Division.
The franchise was founded in 1966 and play all their home games at the United Center in Chicago, Illinois.
Red and black are the team’s official colors and are sponsored by Zenni Optical.
The Bulls are owned by Jerry Reinsdorf, managed by Marc Eversley and coached by Billy Donovan
To date, the Chicago Bulls are six-time NBA champions and hold six conference titles and nine division titles.
5. Boston Celtics
The Boston Celtics come fifth on the list of richest NBA teams in 2022. They are valued at $3.55 billion as at the time of filing this report.
The team was established in 1946 and competes in the National Basketball Association as a member of the Eastern Conference Atlantic Division.
The Celtics wear green, gold, black, brown, and white as their team colors and play all their home games at TD Garden which is located in Boston Massachusetts.
They’re owned by Boston Basketball Partners and managed by Brad Stephens. Their main official sponsor is VistaPrint, a Dutch global e-commerce company worth billions of dollars.
Ime Udoka coached the team until his suspension about two weeks ago. The team is now being coached by Joe Mazzula as Interim head coach.
Regarded as the most successful basketball team in NBA history in terms of their record, the Celtics have won seventeen NBA championships, twenty-one conference titles, and twenty-two division titles, since their inception in 1946.
It is one of the two richest NBA teams with the most league titles. The Los Angeles Lakers are the other team.
It is said that their numerous championship titles are a factor to help put the team among the richest NBA teams.
Source: NBA Republic