The memories of Chris Cohan have been long erased.
According to Forbes latest NBA team value rankings, the Golden State Warriors are worth $750 million, good enough for ninth in the league. The report states that the Warriors made a total of $160 million in revenue for a profit of $43 million. All in all, the total team value rose 35 percent from a year ago.
Forbes’ description of the Warriors mentions how former minority owner and current Kings’ owner Vivek Ranadive sold his share in the team for a price that valued the franchise at $800 million. It also points out the proposed waterfront arena in San Francisco that owners Joe Lacob and Peter Guber are pushing to be built by 2017, which would cost upwards of $1 billion. If the Warriors do end up moving across the bay, it would be a good guess that they would be valued at above $1 billion.
However, the Warriors still pale in comparison to the values of the big market teams. The Knicks are first with a value of $1.4 billion, with the Lakers following close behind at $1.35 billion. The Bulls, Celtics, Nets, Rockets, Heat, Mavericks, Warriors and Spurs round out the top 10.
The fact that the Warriors are among the top 10 most valuable franchise in the league is a testament to the tremendous job that Lacob and Guber have done since taking over operations a few years ago. It’s no secret that winning cures nearly all problems, and since the Warriors have begun to turn around the culture in Oakland, the hype surrounding them has increased steadily.
On a related note, Forbes also reports that the Warriors’ TV deal with CSN Bay Area pays them $28 million and runs through the 2014-2015 season.