Celtics NBA's 4th most valuable team (worth $2.1 billion), rank 9th in merchandise sales
Forbes released its annual financial rankings of NBA teams yesterday, with the Celtics valued at $2.1 billion. Here are the top five:
1. New York Knicks, $3 billion
2. Los Angeles Lakers, $2.7 billion
3. Chicago Bulls, $2.3 billion
4. Boston Celtics, $2.1 billion
5. Los Angeles Clippers, $2 billion
Forbes also stated that the average NBA franchise is now worth $1.25 billion. Clearly buying the Celtics was a pretty good investment for Wyc Grousbeck, Steve Pagliuca and company 14 years ago:
Wyc, Pags + Co. paid $360m in 2002. Wyc remind one interested buyer last year, “The team’s not for sale." https://t.co/v3qVUm4Xdz
— Chris Forsberg (@ESPNForsberg) January 20, 2016
Last year the C's were fourth overall as well, but were worth just $1.7 billion.
In other news, the NBA also announced yesterday what the latest jersey and merchandise sales rankings are:
The @NBA just released its latest merch rankings. Steph Curry leads the way for players. Warriors lead way for teams pic.twitter.com/T1Q0KZWlYV
— Marc D'Amico (@Marc_DAmico) January 20, 2016
The fact that Boston is ninth in merchandise sales despite no player in the top 15 sums up the current state of the C's perfectly.
Sidebar--how far down the list of jersey sales do you think you'd have to go before reaching a Celtic? I'd be willing to bet they don't have anyone in the top 50. And who would the No. 1 Celtic be? Isaiah Thomas? Marcus Smart? Who knows... It wouldn't even surprise me if the answer was something weird like RJ Hunter or Jonas Jerebko.
Follow Mark Vandeusen on Twitter @LucidSportsFan
