Skip to main content

Report: Timberwolves 1 of 9 NBA teams to lose money last season

  • Author:
  • Updated:

The 2013-14 season for Timberwolves was a lost one on the court and in their bottom line, according to Grantland's Zach Lowe.

Lowe obtained a document listing all 30 NBA team's profit margins for the 2013-14 season. ESPN's Bill Simmons and Lowe discussed the Wolves profit specifically on the lastest edition of Simmon's podcast, the BS Report. This memo stated that the Wolves lost roughly $6 million last season, the sixth biggest loss of any team. They are among nine teams - Orlando, Sacramento, New York, Charlotte, Detroit, Atlanta, Washington and Brooklyn - who lost money last season.

The most profitable team in the league last season was the Los Angeles Lakers, who made a staggering $100.1 million. The Brooklyn Nets not only recently lost their coach, but lost $144 million last year. Only Joe Mauer's 8-year, $184 million contract could cover up that sort of debt.

Simmons said during the podcast that courtside seat sales and local TV deals have a significant impacts on teams' profits. As City Pages points out, however, ticket sales can also play a role in how much money the team makes. The Timberwolves had the third worst average attendance in the league last season at 14,564 people per game.

The Timberwolves franchise was valued at $430 million last January by Forbes, the fourth lowest value of any NBA team. Forbes points out that the team's low value could be due to an outdated arena, decreases in season ticket sales and fans being fed up with the team's inability to make the playoffs.

The Wolves also lost money last season, according to Forbes. The team reportedly lost $2.7 million during the 2012-13 season,

Next Up

monkeypox virus

Minnesota up to 6 confirmed cases of monkeypox virus

Most people recover at home within 2-4 weeks.

thc edibles

Did Minnesota just accidentally legalize THC?

A Republican lawmaker who voted to approve the new law in May is already talking about rolling it back.

Screen Shot 2022-06-30 at 3.19.42 PM

Gasoline may be cause of sewer explosion on U of M campus

An all-clear was given around 9 p.m. Thursday, with residents in the area allowed to return to their homes.


Overwhelming demand for THC products on first day of new law in MN

One shop owner said his Chaska store broke the online sales record before they opened Friday morning.

Flickr - Lake Minnetonka boat - Greg Gjerdingen

Increased drunk boating enforcement over 4th of July weekend

The increased enforcement is part of the Operation Dry Water initiative.


Four kayakers stranded, rescued in Chisholm park

The kayakers became stranded at Redhead Mountain Bike Park Thursday afternoon.


Duo charged after 10-pound meth package sent to wrong address

More than 10 pounds of meth are off the street thanks to a delivery error.

Screen Shot 2022-07-01 at 11.01.32 AM

Bird Rides' suburban expansion continues in Minnesota

Its scooter season in Minnesota. The latest on where you can find Bird e-scooters:

Flickr - police lights squad siren - Edward Kimmel

Man found dead with 'trauma to his face' in St. Paul

A man was found dead with "trauma to his face" in St. Paul after 3 a.m.

Hibbing ambulance

Boyfriend jailed after woman found dead in Hibbing

The woman was found dead on Tuesday, June 28.


2 motorcyclists killed in crash near Duluth

The crash happened at a curve in the road north of Duluth.

Life Link

18 injured in two separate crashes involving teen drivers

The crashes happened Thursday in Ham Lake and North Branch Township.