The 10 Priciest NBA Teams of the Past Decade
With the news that Milwaukee Bucks owner Herb Kohl will be selling the team to a pair of hedge-fund billionaires and that the team will likely be staying in Milwaukee as part of the sale agreement, it looks like the NBA is, and will always be, a seller’s market, at least concerning ownership. While all franchise sales must go through the board of governors, who have the final say on who is allowed to buy a team and who isn’t — just ask basketball fans in Seattle — it looks like the asking price for any given team is going to keep skyrocketing.
The league is the most successful it has ever been, both in the U.S. and internationally, and it’s poised to do nothing but make money for years to come, regardless of what some owners say whenever there’s a lockout looming (which should be right around 2017, when either the owners or the players’ union can opt out of the newest CBA). There is a long list of people and prospective ownership groups who would be happy to join the NBA, but expansion’s not on the official horizon and now that the Bucks have been sold there aren’t any troubled franchises left.
So, with that in mind, here are the ten NBA teams that have been bought and sold for the most money over the last ten years, with a special mention for the Brooklyn Nets, the Charlotte Bobcats, and the Philadelphia 76ers, who each were sold in 2010 or 2011, but did not sell for enough to make the list. Also, the Boston Celtics would’ve placed, but they were purchased in 2002.