The Chicago Bulls haven’t won an NBA Championship in 15 years, but that hasn’t stopped their value as a franchise from growing.
Forbes on Wednesday posted their annual valuations of NBA franchises and the Bulls checked in at third place behind the New York Knicks and Los Angeles Lakers.
The Knicks have a current value of $1.4 billion, while bringing in $287 million in revenue and an operating profit of $96 million as of the 2012-13 NBA season. The Lakers are currently valued at $1.35 billion, while bringing in $295 million in revenue to go with an operating profit of $66 million.
The Bulls are currently worth $1 billion, while bringing in $195 million in revenue and an operating profit of $52 million. Chicago’s profits were the fourth highest in the NBA for the 2012-13 season.
Rounding out the top five – in value – were the Boston Celtics ($875 million) and the Brooklyn Nets ($780 million).
Conversely, the teams with the lowest value included the Milwaukee Bucks who came in at No. 30 with a value of $405 million. No. 29 was Michael Jordan's Charlotte Bobcats, worth $410 million, and No. 28 was the New Orleans Hornets with a value of $420 million.