Report: Kings’ franchise has nearly doubled in value since 2013

Sacramento Kings majority owner Vivek Ranadive claps from the sideline during the first quarter against the New York Knicks at Sleep Train Arena
Kelley L Cox/Kelley L Cox-USA TODAY Sports

While it’s an inexact science, calculating the value of a basketball franchise has indicated the exponential rate at which the NBA has grown. The Sacramento Kings’ value epitomizes this.

According to Forbes.com, the Kings are now worth $925 million. That ranks No. 18 overall (last season’s rank was No. 22) among NBA team valuations. Last season, Forbes valued the Kings at $800 million — a 14% increase. Kings’ owner Vivek Ranadive purchased the franchise in 2013 for $534 million. Forbes valued the franchise at $525 million (the average NBA franchise was reportedly worth $509 million in 2013) earlier that season. 

Ranadive’s return on investment has been remarkable. Next season, the Kings plan to move to a state-of-the-art downtown arena worth $507 million. The naming rights for Golden 1 Center will be worth an annual $6 million.  

The season before Ranadive purchased the Kings, Forbes valued the franchise in 2012 at $300 million. Sacramento’s value was ranked No. 24 out of 30 NBA teams. 

The Kings were sold to Chris Hansen and current-Clippers owner Steve Ballmer (with public plans to move to Seattle) for $525 million in January 2013. It would have been the second-most ever paid for an NBA team. Now, that $525 million for relocation seems like it would have been a bargain.

Bryan Kalbrosky produces digital content for FOXSports.com. For more, follow him on Twitter @BryanKalbrosky.