Washington Wizards Worth $1 Billion, According to Forbes

Washington Wizards are worth $1 billion, according to an annual report released by Forbes, and could continue seeing their value increase.

This past summer, journeymen NBA players were signing deals that superstars couldn’t dream of just a few years ago.

Despite some owners’ constant complaining about not being profitable, the NBA has globalized basketball and has benefited from the growing market. Teams that casual fans never watch are worth an extraordinary amount as a result.

On Wednesday afternoon, Forbes released its annual NBA team valuations.

The New York Knicks, despite a losing season, have become more valuable. The team is now worth over $3 billion, which makes them the most valuable…