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Forbes: Nets only NBA team to lose money over last year but valuation rises 9%

There’s good news and bad news from Forbes latest NBA team values. Like the rest of the league, the Nets evaluation has jumped to an estimated $3.5 billion, up around nine percent from the $3.2 billion Joe Tsai paid Mikhail Prokhorov for the team and Barclays Center in October 2019. On the other hand, Forbes estimates that the Nets were the only NBA team to lose money last year, around $34 million.

Here’s the basic breakdown. Forbes has the Brooklyn Nets as the seventh most valuable franchise, behind the Golden State Warriors, at $7.