The Golden State Warriors are the NBA’s most valuable franchise, according to Forbes.

This means that for the first time since Forbes began valuing NBA franchises over 20 years ago, a team other than the New York Knicks or Los Angeles Lakers is at the top of the chart.

The Warriors are now worth $7 billion, Forbes said, up 25% from last year. The team generated $765 million in revenue and $206 million in operating profit during the 2021-22 season, the two highest in NBA history.

The Warriors won their fourth NBA championship in eight years in June, led by talisman and face of the franchise Stephen Curry.

The New York Knicks, who topped each of Forbes’ last seven NBA franchise rankings, came in second with a value of $6.1 billion, followed by the Los Angeles Lakers with a value of $5.9 billion.

The Chicago Bulls ($4.1 billion) and Boston Celtics ($4 billion) round out the top five, with the average NBA franchise now at $2.86 billion, 15% higher than ‘one year ago.

Forbes says the NBA is ‘back on its pre-Covid growth trajectory’ and the league is expected to sign a new media deal in 2025-26 that will be worth at least double the current $2.66 billion deal per year.

For its methodology, Forbes states, “The information used to compile our ratings came primarily from teams, sports bankers, media consultants, and public documents, such as arena lease agreements and bond documents.”

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