Basketball Team Values Bounce 72 Percent
You can’t call this dribbling. NBA team values jumped 72 percent in the past year, according to Forbes, scoring the biggest single-year boost since 1988. With help from Steve Ballmer’s recent $2 billion purchase of the Clippers, the average franchise now rings in at $1.1 billion, and the Los Angeles Lakers top the chart at an astounding $2.6 billion. And with new television contracts worth nearly three times the old ones, the NBA looks set to score even bigger in the coming years.