The Minnesota Timberwolves are worth roughly $364 million, according to the 2013 franchise valuations report by Forbes magazine. That’s a 34 percent jump from last season, but the team is still among the least valuable NBA franchises ranked at No. 26. Last year, the Wolves ranked No. 27 with an estimated value of $272 million.
Read this year’s profile below:
The Timberwolves are in an extremely competitive market for selling suites and sponsorships, going against the newer Xcel Energy Center and Target Field. Prior to the start of the 2012-13 season the Timberwolves announced they were going to decrease the number of suites in the Target Center from 56 to 40 as the team leased just 32 of the arena’s suites last season. The team is converting six of the suites to expand its Club Cambria from 128 seats to 208. The club has been sold out the past two seasons at a cost of $4,644, which includes tickets and food. While suites are a tough sell after an eight year playoff drought, courtside seating is a hot ticket. They sold out all 120 previously existing floor seats, ranging in price from $25,000 to $68,800 for the 2012-13 season, and have added eight new courtside seats.
The New York Knicks, worth $1.1 billion, reclaimed the most valuable crown from the L.A. Lakers, who topped the list last year.
