13 February 2020 05:22
The Spurs franchise value rose to $1.8 billion. San Antonio Spurs' Patty Mills celebrates a basket during the second half of an NBA basketball game against the Miami Heat, Sunday, Jan. 19, 2020, in San Antonio. (AP Photo/Darren Abate) San Antonio Spurs' Patty Mills celebrates a basket during the second half of an NBA basketball game against the Miami Heat, Sunday, Jan. 19, 2020, in San Antonio. (AP Photo/Darren Abate) Photo: Darren Abate / Associated Press Photo: Darren Abate / Associated Press Image 1 of / 28 Caption Close The Spurs franchise value rose to $1.8 billion. Here's a breakdown of that figure.
1 / 28 Back to Gallery The San Antonio Spurs were worth $660 million when they won their most recent championship in 2014. Since then, the team has fallen short of the on-court pinnacle, but that hasn't stopped the franchise valuation from skyrocketing. The Spurs are now valued at $1.8 billion, according to 2020 Forbes rankings of NBA teams released Tuesday. The figure represents an 11 percent year-over-year increase. Forbes calculated that the Spurs raked in $285 million in revenue for the 2018-19 season for a $66 million operating income. San Antonio spent $142 million in player expenses. On ExpressNews.com: Finger: Looking back, could Spurs have dodged spiral? Recommended Video: The largest portion of the franchise's value comes from revenue shared among all NBA teams: $793 million. Forbes attributed the rest of the valuation to the city and market size ($497 million), the AT&T Center ($364 million), and the Spurs brand ($146 million). The magazine divides each franchises' local revenues by the metro population to determine the revenue per fan. According to the measure, the Spurs earned $64 from each San Antonian. Gate receipts totaled $76 million. Forbes noted that while ratings for Spurs' games on FS Southwest fell 28 percent last season, they still ranked fourth among NBA teams. The average NBA franchise value rose 14 percent in the past year to $2.12 billion. San Antonio came in at No. 14 on the list of most valuable franchises. The New York Knicks topped the ranking at $4.6 billion, followed by the Lakers and Warriors. The Holt family spent $76 million to gain a controlling stake in the Spurs in 1996.