The franchises valuation jumped 5%
Forbes has released its annual report ranking the valuations of all 30 NBA franchises, and your Suns filled the 17th spot.
The Suns have been on the upswing on the court since three straight last-place finishes in the Pacific Division. Credit shooting guard Devin Booker, who is in the second year of a five-year, $158 million contract extension. The team has also nearly completed a $230 million arena renovation that includes new seats, videoboards and a 50,000-pound center-hung scoreboard. Other features: 70,000 square feet of new fan amenity space and the state’s largest sports bar.
The Phoenix franchise, valued at north of $1.7 billion, saw a 5% bump from the year prior. The assessed valuation of all teams increased with the exception of the Thunder, Hawks, Hornets, Pistons, Pelicans, and Grizzlies. The valuation of those franchises remained stagnant compared to a year ago.
The Suns’ 5% jump was the sixth highest in the league, behind the Knicks, Warriors, Jazz, Nets, and Clippers.
There’s a lot of good data here for the nerds. Note that these numbers were shared on Forbes this month, and the reflect data collected for the 2019-20 season. Next year’s figures are going to be awfully interesting. Check it out.