The North American National Basketball League (NBA), which is ranked in the top 3 in the world in terms of revenue, is very close to having 32 teams by the 2028-2029 season. Let’s share some interesting figures related to this.
🔙 2004: The last time the NBA added one team to its roster was 22 years ago, in 2004. The Charlotte Bobcats team from Charlotte joined the league, and the team paid the NBA $300 million. This payment was equivalent to the average valuation of the 30 teams.
🇺🇸 2 new teams in 2 cities
The NBA, which has been exploring the idea of having new teams starting in 2020, plans to add 2 new teams in Seattle and Las Vegas. This decision will be decided at the NBA Board of Directors meeting next week. If the board approves the decision, the NBA will have 32 teams starting in the 2028-2029 season.
🥧 30 shareholders
The owners of the 30 NBA teams are NBA shareholders. So, if there are 32 teams soon, the share of current shareholders will decrease. On the other hand, the valuation of each new team is likely to be valued at an average of $7-$10 billion, and if the combined valuation of the two teams reaches $15 billion, the 30 existing shareholders will each receive a bonus of $500 million.
🕵🏻♂️ How profitable is an NBA team? The Golden State Warriors, the team of our greatest shooter Stephen Curry, was purchased by current owner Joe Lacob for $450 million in 2010. Since then, the team’s valuation has increased 24.4 times to $11 billion. However, it is worth considering the team’s achievements.
Finally… Currently, there are 10 teams competing in our National Men’s Basketball League. As the sport of basketball and the market size grow, it is only a matter of time before the number of teams increases as well.
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