Skip to main content

Forbes Survey: Timberwolves value jumps 45 percent in 2015

  • Author:
  • Updated:

On the court, 2014 wasn't the best year for the Timberwolves losing its star player and failing to make the playoffs for the tenth straight season, but off the court the team saw its value jump 45 percent, according to a recent survey from Forbes Magazine.

Forbes notes the Timberwolves value jumped 45 percent last year, increasing from $430 million to $625 million in 2015.

While that seems to be a staggering increase though, Minnesota didn't even keep pace with the average value of an NBA franchise, which according to the report now stands at $1.1 billion – 74 percent more than in 2014.

The report cites a new TV contract, a nearly six-year bull market in equities and cheap credit for driving the biggest one-year gain since Forbes began valuing teams in the four major U.S. sports in 1998.

So what does it all mean for the Timberwolves?

The Forbes report found at $625 million, the Timberwolves are the 29th most valuable franchise in the NBA – ranking only ahead of Milwaukee.

The 10 most valuable NBA franchises on the Forbes list are:

  1. Los Angeles Lakers $2.6 billion
  2. New York Knicks $2.5 billion
  3. Chicago Bulls $2 billion
  4. Boston Celtics $1.7 billion
  5. Los Angeles Clippers $1.6 billion
  6. Brooklyn Nets $1.5 billion
  7. Golden State Warriors $1.3 billion
  8. Houston Rockets $1.25 billion
  9. Miami Heat $1.175 billion
  10. Dallas Mavericks $1.15 billion

The Minneapolis-St. Paul Business Journal notes the Wolves, who are currently last in the NBA in attendance for 2014-15, dropped from 26th in the NBA last season when they were worth $430 million to 29th this season, despite the nearly $200 million jump in team value.

That slip is even more amazing when you look at just how much the value of the Timberwolves has grown in recent years.

According to the Star Tribune, for most of the mid-to-late 2000s, the Wolves were around the $300 million value mark. That dipped to $264 million in 2011 and barely bumped up in value in 2012 to $272 million.

But from there, the team's value jumped to $364 million in 2013, $430 million in 2014 and now to $625 million – a 130 percent increase in just three years.

Next Up

Screen Shot 2022-06-26 at 10.02.59 AM

North Dakota's only abortion clinic relocating to Minnesota

A GoFundMe set up to help the clinic make the move to Minnesota has surpassed its $500,000 goal.

Screen Shot 2022-06-26 at 12.37.03 PM

Deadly vehicle fire on Interstate 94 west of Fargo

The victim's age and name have not been released.

flickr - gov tim walz - mn senate dfl

Overturning Roe v. Wade won't do a 'damn thing' to prevent abortions, Walz says

Gov. Tim Walz signed an executive order Saturday meant to protect abortion access in the state and people who come from out of state seeking one.


Man crossing Highway 13 in Burnsville fatally struck by driver

The victim is a 31-year-old man from Prior Lake.

Screen Shot 2022-06-26 at 7.50.33 AM

4 shot near Stone Arch Bridge in Minneapolis

The shooting happened around 11 p.m. Saturday.

Screen Shot 2022-06-25 at 7.55.28 PM

Charges: Cop feared for his life during struggle for gun with suspect

Allen Denzel Oliver-Hall has been charged with second-degree assault with a dangerous weapon.

Burnsville, Minnesota - May 2019 (2)

Shootout near Erik's Bike Shop, Lunds & Byerlys in Burnsville

Police say youths were shooting at each other on Saturday afternoon.

minnesota river

Fishermen find body floating in Minnesota River in Shakopee

The body was found upstream from Minnesota River Heritage Park.