Skip to main content

Forbes: Wolves value set at $364M, No. 26 in NBA

  • Author:
  • Updated:
    Original:

The Minnesota Timberwolves are worth roughly $364 million, according to the 2013 franchise valuations report by Forbes magazine. That's a 34 percent jump from last season, but the team is still among the least valuable NBA franchises ranked at No. 26. Last year, the Wolves ranked No. 27 with an estimated value of $272 million.

Read this year's profile below:

The Timberwolves are in an extremely competitive market for selling suites and sponsorships, going against the newer Xcel Energy Center and Target Field. Prior to the start of the 2012-13 season the Timberwolves announced they were going to decrease the number of suites in the Target Center from 56 to 40 as the team leased just 32 of the arena's suites last season. The team is converting six of the suites to expand its Club Cambria from 128 seats to 208. The club has been sold out the past two seasons at a cost of $4,644, which includes tickets and food. While suites are a tough sell after an eight year playoff drought, courtside seating is a hot ticket. They sold out all 120 previously existing floor seats, ranging in price from $25,000 to $68,800 for the 2012-13 season, and have added eight new courtside seats.

The New York Knicks, worth $1.1 billion, reclaimed the most valuable crown from the L.A. Lakers, who topped the list last year.

Next Up

Semi into house near Sturgis, South Dakota

Semi drives into house near Sturgis, South Dakota

The force from the semi was so strong that the foundation of the house was moved.

ambulance

18-year-old from Zumbrota dies in Goodhue County crash

The crash happened in rural Goodhue County around 8:45 a.m. Wednesday.

thomas beach, bde maka ska - lake calhoun

3 Minneapolis beaches closed due to E. coli contamination

No illnesses have been reported, according to the MPRB.

Hockeyland1

'Hockeyland' documentary debuting in Minnesota movie theaters

The documentary has received great reviews at numerous film festivals.

Flickr - police lights squad siren - Edward Kimmel

Former Minnesota Olympic runner accused of driving drunk in Eden Prairie crash

Police said the man's blood alcohol level was three times the legal limit.

ATV

Man, 79, killed in ATV rollover near Faribault

The man was declared dead at the scene.

minneapolis police

Woman fighting for her life after shooting in Minneapolis

The woman was shot only about a half-hour after a 14-year-old suffered critical injuries in an apparent accidental discharge.

prior lake high school

Two students face discipline over racist messages at Prior Lake High School

Families and students were largely uncooperative with the investigation.

Sharon and Herb Vasser

Cause of Hopkins house explosion that killed couple revealed

Sharon and Herb Vassar were killed in the explosion. Herb built the home back in 1962.

Arrows on target

Charges: Minnesota camp counselor fired arrows at kids, injuring boy

An 8-year-old boy was shot in the arm with an arrow.

North Shore Mayor Chris Swanson.

Two Harbors votes overwhelmingly to recall Mayor Chris Swanson

The mayor had been scrutinized for several things leading up to the vote Tuesday.

Screen Shot 2022-08-10 at 8.43.50 AM

Suspected gunman at large after homicide near Albert Lea

The 32-year-old suspect was last seen in a 2004 white Ford F-150 with Minnesota license number EUZ-057.

Related