NBA's most valuable teams: Suns paying off for Robert Sarver
Robert Sarver spent $404 million for team in 2004; now valued at $1.1 billion
Forbes released its rankings of the NBA's most valuable teams of 2017 earlier this year.
With the 2017-18 NBA season upon us, it's a good time to revisit that list and where the Phoenix Suns stand on it.
Robert Sarver's team is No. 14 on the list with a current value of $1.1 billion.
The Suns Managing Partner purchased the team in 2004 for $404 million.
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Top 5 teams
The No. 1 team in the rankings? The New York Knicks.
Their current value, according to Forbes, is $3.3 billion.
The Los Angeles Lakers are No. 2 on the list at $3 billion, followed by the Golden State Warriors at $2.6 billion.
The Chicago Bulls ($2.5 billion) and Boston Celtics ($2.2 billion) round out the Top 5.
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Least valuables
The least valuable team in the NBA? That title belongs to the New Orleans Pelicans.
Forbes has their current value at $750 million.
The Minnesota Timberwolves are right above the Pelicans on the list at $770 million. The Charlotte Hornets are above them at $780 million.
The Milwaukee Bucks ($785 million) and Memphis Grizzlies ($790 million) are also valued at less than $800 million.
All but 12 of the NBA's 30 teams are valued at at least $1 billion.
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Where every NBA team stands
To see the complete Forbes list of 2017 NBA team values from the Knicks at No. 1 to the Pelicans at No. 30, click here.
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