On Wednesday, Forbes released their yearly NBA team values. The Indiana Pacers ranked 24th at $880 million. The New York Knicks and Los Angeles Lakers, as usual, led the way in terms of franchise value.
This is a slight improvement in from last year. The Pacers ranked 23rd in 2016 but valued at $840 million. The revenue also increased from $138 million last year to $157 million this year.
Still, the Pacers are worth a below average amount. That is to be expected for a small market team. According to Forbes, the average NBA franchise is worth $1.