RandBall: Wolves No. 26 of 30 on Forbes list of NBA franchises.
- Blog Post by: Michael Rand
- January 23, 2013 - 11:40 AM
So the bad news for the Timberwolves and owner Glen Taylor is that they rank 26th out of 30 NBA teams in the latest franchise value report from Forbes.
The good news? Like many other franchises, the Wolves jumped up in value in the past year. They are now valued at $364 million after checking in at $272 million just a year ago. That's a 34 percent increase from season to season.
Of course, the Knicks are now worth $1.1 billion as the top-valued team in the NBA. So New York is worth three times as much as Minnesota, reinforcing that in the NBA, the Wolves are a small-market team.
Still, it has to be good news for Taylor as he continues to seek a long-range deal to sell the team. The latest on that, per that link to a Sid Hartman column from Dec. 30, is this:
“I have a number of people that are interested, but I haven’t struck a proposal or an agreement yet,” Taylor said. “We’re going to continue to work on it and concentrate more or less on two individuals. No, even if I do get an agreement with somebody, it would not be to sell the team immediately. It’s more of a long-range program.”
© 2013 Star Tribune