Forbes: Nets are fastest-growing NBA brand

Barclays Center
2016 DNC Host? (AP)
Barclays Center

Forbes has released its annual NBA valuations, and the Nets are racing to the top.

Brooklyn comes in as the 5th-most valuable team in the NBA, with an estimated worth of $780 million, and their 47% value increase from last year is the biggest change in the NBA.

The Nets trail the New York Knicks (valued at $1.4 billion), Los Angeles Lakers ($1.35 billion), Chicago Bulls ($1 billion), and Boston Celtics ($875 million). The Nets are unique in the top five: each of those four teams has a significant cultural value in NBA history unlike the Nets, who have rocketed into the top-5 on the heels of their move to Brooklyn in the last two years.

It’s not all rosy, though: despite having the fifth-highest revenue stream in the NBA at $190 million, the Nets’ current operating income is -$19 million. They’re one of just four teams with a negative operating income, and the only one over $4 million in the red. Forbes also estimates a 36 percent debt/value ratio for the team, one of the higher figures in the NBA. That does include arena debt.

Full list below.

Forbes — NBA Valuations