Sacramento Kings
Report: Kings' franchise has nearly doubled in value since 2013
Sacramento Kings

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

Published Jan. 21, 2016 3:06 p.m. ET

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. 

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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.

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