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Expand chart
Reproduced from Forbes; Chart: Axios Visuals

The average NBA franchise is now valued at $2.12 billion, per Forbes — a figure that has grown 476% in the past decade.

Why it matters: Thanks to the NBA's international growth and the $24 billion TV deal it signed with ESPN and Turner in 2014, team values have grown at a much faster rate than the other three major U.S. sports leagues.

  • NBA: 476% growth
  • MLB: 262% growth
  • NHL: 192% growth
  • NFL: 179% growth

Most valuable teams: The Knicks ($4.6 billion) grabbed the top spot for the fifth straight year, followed by the Lakers ($4.4 billion) and Warriors ($4.3 billion). Among all American sports, only the Cowboys ($5.5 billion) and Yankees ($4.6 billion) can rival them.

  • Filling out the top 10: Bulls ($3.2 billion), Celtics ($3.1 billion), Clippers ($2.6 billion), Nets ($2.5 billion), Rockets ($2.48 billion), Mavericks ($2.4 billion) and Raptors ($2.1 billion).
  • The bottom five: Only five teams are valued at less than $1.5 billion: Pistons ($1.45 billion), Magic ($1.43 billion), Timberwolves ($1.38 billion), Pelicans ($1.4 billion) and Grizzlies ($1.3 billion).

Wild stat: In 1999, the Warriors were the seventh-least valuable NBA franchise and the Clippers ranked dead last. Two decades later, they are now the third- and sixth-most valuable NBA franchises, respectively.

Go deeper: The NBA's engagement problem

Go deeper

Ex-Theranos CEO describes alleged abuse by former boyfriend and company exec

Illustration: Aïda Amer/Axios

On her fourth day of trial testimony, ex-Theranos CEO Elizabeth Holmes described her 10-year romantic relationship with former president Ramesh "Sunny" Balwani as controlling, and said he would sometimes "force me to have sex with him when I didn’t want to."

Why it matters: While Balwani has also been similarly charged with fraud, the two are being tried separately, in part because some of Holmes' defense hinges on blaming him.

Amazon ordered to redo union vote in Alabama

Photo: Patrick Pleul/picture alliance via Getty Images

A U.S. National Labor Relations Board (NLRB) official on Monday called for a re-vote in a union election at an Amazon warehouse in Bessemer, Alabama.

Why it matters: The move could set the stage for another organizing drive at the e-commerce giant, which has, so far, fought off unionizing efforts in the U.S.

Pentagon to probe 2019 Syria strike after reports of dozens of civilian casualties

Secretary of Defense Lloyd Austin on Nov. 20. Photo: Mazen Mahdi/AFP via Getty Images

Defense Secretary Lloyd Austin has ordered a new investigation into a 2019 U.S. airstrike that killed around 80 people, including dozens of women and children in Syria, the New York Times reports.

Why it matters: The move comes after the Times reported this month that the Pentagon attempted to keep the strike and casualties under wraps, failing to investigate the decision behind it even after questions were raised internally.

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