The Arison family paid $32 M for the Heat in 1988. Today, the team is worth $625 M, according to a valuation by Forbes Magazine.
Forbes estimates that the Heat is the sixth most valuable franchise in the NBA. Tops on the list is the New York Knicks, which Forbes says is worth $1,001 M. The Lakers are second at $1,000 M. Forbes says that only the Knicks and Lakers break the billion dollar mark.
The Heat lands between the Dallas Mavericks and Houston Rockets on Forbes' list.
Here's what I'm having a hard time understanding: How is the Heat only $100 M more valuable than the Sacramento Kings? And why are the Kings valued so high to being with? Is is simply because the Seattle group that is buying the franchise was so desperate to land the team that they paid too much?