The Grizzlies are coming off their best win in years, but some new material out from Forbes and CBSSports.com puts the team’s current economic standing relative to the league in perspective.
In Forbes’ annual ranking of NBA franchise values, the Grizzlies come in 29th, ahead of only the Milwaukee Bucks. Forbes projects the franchise’s value as declining 13% in the past year, to an estimated value of $257 million.
Part of their conclusion:
The Grizzlies are hurting after winning only 28% of their games over the past three seasons. As a result the team’s ticket prices are lowest in the league and attendance was second lowest in the NBA last year. Add the two together and the Grizzlies generated only $322,000 in gate receipts per game last season, one-sixth what the world champion Lakers pulled in per night.
Meanwhile, CBSSports.com’s Ken Berger has gotten records of real, current numbers on actual paid attendance in the NBA so far this season. This information, relative to the Grizzlies, contains both positives and negatives.
