Cleveland Cavaliers News

According to the 2007 Forbes “NBA Team Valuations” list,  the Cleveland Cavaliers are now worth $455 million, up 20 percent from last year. The gain was also a result of a new cable deal with FSN Ohio worth $25 million a year, more than double the old contract. The agreement kicked off last season.

The Cavaliers are ranked 7 right after Dallas. New York Nicks made the top list with $608 million.

The 1-Yr Value change for the Cavaliers is the highes with 20% followed by Toronto Raptors.

The Annual revenue for the Cavaliers is $152 million. The Pistons($154 mil), Bulls($161 mil), Lakers($170 mil), and Knicks ($196) are ahead of the Cavaliers.

NBA teams posted an average profit (in the sense of earnings before interest, taxes, depreciation and amortization) of $9.8 million, on revenues of $119 million. This is the highest income since Forbes began tracking basketball team finances 10 years ago.

The NBA’s financial success is a result of three components: a steady increase in gate receipts; bigger TV deals,and the collective bargaining agreement.

1 New York Knicks  $608
2 Los Angeles Lakers  $560
3 Chicago Bulls  $500
4 Detroit Pistons  $477
5 Houston Rockets  $462
6 Dallas Mavericks  $461
7 Cleveland Cavaliers  $455
8 Phoenix Suns  $449
9 Miami Heat  $418
10 San Antonio Spurs  $405
11 Boston Celtics  $391
12 Sacramento Kings  $385
13 Philadelphia 76ers  $380
14 Toronto Raptors  $373
15 Washington Wizards  $348
16 Utah Jazz  $342
17 New Jersey Nets  $338
18 Indiana Pacers  $333
19 Orlando Magic  $322
20 Denver Nuggets  $321
21 Golden State Warriors  $309
22 Minnesota Timberwolves  $308
23 Memphis Grizzlies  $304
24 Los Angeles Clippers  $294
25 Charlotte Bobcats  $287
26 Atlanta Hawks  $286
27 New Orleans Hornets  $272
28 Seattle SuperSonics  $269
29 Milwaukee Bucks  $264
30 Portland Trail Blazers  $253