Cavaliers value up 20%


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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

Published by Luke Ross

Luke Ross, is the founder of CavsNews.com. Luke grew up watching and playing soccer but his heart was always in Basketball. Luke arrived in Cleveland in 1993 and turned into a Cavaliers fan since.