The Nets last season in New Jersey, 2011-12 the Nets were one of the NBA’s middling franchises, nothing special, valued at $312 million, according to Forbes. Worst, the team’s value hadn’t really budged in the eight years Bruce Ratner had owned it. The Brooklyn arena was stuck in court and needed financing.
Then, with Mikhail Prokhorov in charge, the team moved to Barclays Center and with the combination of the New York venue and the NBA’s explosion in revenue, the value jumped. So much so that in Wednesday’s ranking of team valuations, the Nets are now valued at $2.