Sep 29, 2025; San Francisco, CA, USA; Golden State Warriors guard Stephen Curry (30) and forward Draymond Green (23) pose for a photo during Media Day at the Chase Center. Mandatory Credit: Cary Edmondson-Imagn Images
The Golden State Warriors are the most valuable NBA team and No. 2 among sports franchises globally, according to research from Sportico released Thursday.
The Warriors are worth $11.33 billion, surpassed only by the NFL's Dallas Cowboys ($12.8 billion). This is the fifth consecutive year that the Warriors have held the highest valuation in Sportico's NBA rankings.
Trailing them are the Los Angeles Lakers ($10 billion), New York Knicks ($9.85 billion), Los Angeles Clippers ($6.72 billion) and Boston Celtics ($6.35 billion).
Sales of the Celtics, Lakers and Portland Trail Blazers this year helped to increase the average team value to $5.51 billion, up 20% from 2024. Just three years ago, the average value was $2.58 billion, an increase of 113%.
The team with the lowest valuation is the Memphis Grizzlies at $4 billion, per the report.
Helping to drive up Golden State's value is the team's ownership of its arena, Chase Center in San Francisco, and the 11 adjacent acres housing the mixed-use development called Thrive City.
NBA team valuations, as ranked by Sportico:
1\. Golden State Warriors, $11.33 billion
2\. Los Angeles Lakers, $10 billion
3\. New York Knicks, $9.85 billion
4\. Los Angeles Clippers, $6.72 billion
5\. Boston Celtics, $6.35 billion
6\. Brooklyn Nets, $6.22 billion
7\. Chicago Bulls, $6.12 billion
8\. Miami Heat, $6.03 billion
9\. Philadelphia 76ers, $5.61 billion
10\. Houston Rockets, $5.53 billion
11\. Dallas Mavericks, $5.24 billion
12\. Toronto Raptors, $5.22 billion
13\. Phoenix Suns, $5.09 billion
14\. Atlanta Hawks, $5.02 billion
15\. Sacramento Kings, $5 billion
16\. Cleveland Cavaliers, $4.86 billion
17\. Denver Nuggets, $4.8 billion
18\. Washington Wizards, $4.78 billion
19\. Indiana Pacers, $4.76 billion
20\. Milwaukee Bucks, $4.54 billion
21\. San Antonio Spurs, $4.5 billion
22\. Oklahoma City Thunder, $4.34 billion
23\. Utah Jazz, $4.27 billion
24\. Portland Trail Blazers, $4.25 billion
25\. Minnesota Timberwolves, $4.24 billion
26\. Orlando Magic, $4.21 billion
27\. Detroit Pistons, $4.17 billion
28\. Charlotte Hornets, $4.13 billion
29\. New Orleans Pelicans, $4.02 billion
30\. Memphis Grizzlies, $4 billion
\--Field Level Media