The National Basketball Association (NBA) is a professional basketball league in North America comprising 30 franchises, of which 29 are located in the United States and one in Canada (Toronto Raptors). The league was founded in 1946, then named the Basketball Association of America (BAA). In 1949 the BAA merged with the rival National Basketball League (NBL) to form the National Basketball Association.
Today the NBA, as a whole, generates almost 4 billion U.S. dollars in revenue
each season, an average
of 123 million U.S. dollars per team (2011/12). The team that generated the highest revenue
was the New York Knicks with 243 million U.S. dollars according to Forbes. The top-5 teams in terms of revenue were rounded out by the Los Angeles Lakers, Chicago Bulls, Miami Heat and Boston Celtics.
According to Forbes NBA team valuations, the New York Knicks are the most valuable franchise of the league
with a total value of 1.1 billion U.S. dollars. The only other franchise with a value of 1 billion U.S. dollars or more is the Los Angeles Lakers. The least valuable franchise is the Milwaukee Bucks with a value of 312 million U.S. dollars, less than one third of what the New York Knicks are worth. On average NBA franchises have an estimated value of 509 million U.S. dollars. In comparison the average franchise value
in the NFL was at 1.17 billion U.S. dollars, in MLB at 744 million U.S. dollars and in the NHL at 282 million U.S. dollars.
During the regular season a leaguewide total of 1,230 games are played, with each team playing 82 games. The average regular season home attendance
in the league was 17,348 (2012/13 season), with a total attendance
of 21.32 million. According to Team Marketing Report, the average ticket price
was at 50.99 U.S. dollars in the 2012/13 season, marking the first time the average ticket price was higher than 50 U.S. dollars.
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