th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

Warriors vs. Cavs: Which of the NBA Finalists is Richer and More Valuable?

A look at how both teams compare to each other and the other NBA teams financially
By Lorenzo Kyle Subido |



For the fourth year in a row, the Golden State Warriors and the Cleveland Cavaliers are outshooting each other for the coveted NBA Finals championship. The Warriors took home the title twice in the past three years, while the Cavaliers won in 2016.


But while the odds of either team emerging as champion are relatively even, the Warriors are steamrolling the Cavaliers by another statistic: team valuation. It is a measure of the team’s enterprise value, which consists of equity and net debt. The team values are calculated as a multiple of revenues.


According to the latest data from business magazine Forbes, the Golden State Warriors are worth $3.1 billion. That makes them the third most valuable team in the league, only being beaten by the New York Knicks and the Los Angeles Lakers.


On the other hand, the Cleveland Cavaliers land in the middle of the rankings with a valuation of $1.33 billion. That’s slightly lower than the NBA’s overall average of $1.65 billion across the 30 teams.



The Warriors haven’t always been more valuable than the Cavaliers. A look at both teams’ historical valuations reveals that the Cavaliers was worth over $100 million more than the Warriors in 2009 and 2010, with the Warriors only catching up by 2011 and widening its lead afterwards.


Forbes estimates each NBA team’s revenues based on four factors: (1) the revenue sharing scheme among all 30 teams; (2) revenue from each team’s local market or city; (3) income earned from each team’s sports arena; and (4) earnings from each team’s branding. Forbes also notes media partners and sponsorship deals in their estimates as well as earnings from events held in each team’s arena, even if the event is not related to the NBA.






Lorenzo Kyle Subido is a staff writer of Entrepreneur PH

Latest Articles