We don’t spend a lot of time discussing the business aspects of the Toronto Raptors. For obvious reasons, we’re more interested in what happens on the floor. However, we can’t ignore the financial affairs of the team, because money governs every move GM Masai Ujiri attempts to make.
Forbes magazine has released its annual valuation report, and has decided the Raptors are worth $1.125 billion. That’s up from $980 million in 2016. Last year’s revenue was $193 million.
The article does say 3 teams (Clippers, Cavaliers, OKC) lost money last fiscal year, because they went deep into the luxury tax due to bloated player payrolls.