Forbes magazine's recent valuations of the 30 NBA franchises had each team worth at least $1 billion, but the Los Angeles Lakers, who were in town Thursday night to face the Timberwolves, came in at second place at a staggering $3.3 billion.
The only NBA team with a higher value was the New York Knicks at $3.6 billion.
There is no doubt that while NFL, MLB and NHL franchises continue to have great value, no league is showing gains like the NBA.
The Wolves showed the second-highest percentage gain in value, jumping 38 percent from last season, to $1.06 billion this year.
Glen Taylor said when he bought the Wolves for $88.5 million in 1994, he never thought the team would be worth over $1 billion. Taylor still owns 70 percent of the franchise.
"It never occurred to me that anything like this would happen," said Taylor, who also owns the Star Tribune. "But it has been, especially in the last few years, partly due to the big contract we got on TV, but just everything — the advertisements, sponsorships have gone up, attendance has gone up every year, and therefore the value has gone up.
"It's just that it's an asset that a number of people want, and there's more people wanting them than there are teams, and therefore the value gets pushed up."
It's incredible to think that the Lakers were once bought for just $15,000. That's how much it cost to get the Detroit Gems to become the Minneapolis Lakers in 1947.