Forbes: 76ers Among Least Valuable NBA Teams
PHILADELPHIA (CBS) -- The Philadelphia 76ers are currently valued at $800 million, according to Forbes.
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That may sound like a lot of money, and it is, but comparatively speaking it's low. In fact, the Sixers -- owned by Joshua Harris and David Blitzer -- are the 25th most valuable NBA franchise.
While a value of $800 million is more than just five other NBA teams, Harris and his investment group won a bid for the Sixers from Comcast Spectacor of just $280 million in 2011.
The New York Knicks are the NBA's most valuable team at $3.3 billion, followed by the Los Angeles Lakers at $3 billion. You can see the full list here.
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As a whole, all 30 team's generated a record high $5.9 billion in revenue last year, up 13-percent from the previous season.