Most days are good days to be an NBA owner, but life has gotten even sunnier. According to a fascinating Forbes magazine report, the league has gotten dramatically wealthier over a short period of time. From the article:
The average NBA team is worth $509 million, a 30% increase over last year. The increase is due to higher revenue from television, new and renovated arenas, and the NBA’s new collective-bargaining agreement, which reduced player costs from 57% of revenues to roughly 50%.
Such information might be cold comfort to Sacramento Kings fans, as the fate of their team dangles in a stormy sea of Maloof debt and enterprising Seattleites. Such information might also annoy fans who had to hear just how impoverished NBA owners were during the lockout that significantly enriched them.
But there's more in the report than information about how the league got rich in the aggregate. The article also gives insight into what makes an NBA team valuable.
In addition to team values, Forbes released its list of the richest players. That one is easier to figure out from afar (we can all look up the salary figures), but still, the list gives insight into which guys get the most endorsements.