Forbes: Wolves are one of four NBA teams to lose money last year
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As David Stern gets set to step down as NBA Commissioner, the league is quite successful. With global initiatives and ever-increasing TV rights contracts, the NBA and its teams are making quite a bit of money.
For the year, 26 of the 30 NBA teams operated at a profit, according to Forbes research.
That list does not include the Timberwolves.
The Wolves, according to the Forbes report, are one of four teams to operate at a loss last year (calculating earnings before interest, taxes, depreciation and amortization).
The four operating losers:
Brooklyn Nets, -$19 million
Philadelphia 76ers, -$3.8 million
Atlanta Hawks, -$3.6 million
Minnesota Timberwolves, -$2.7 million
Forbes valued the Wolves' franchise at $430 million, which puts Minnesota 26 out of 30 NBA teams. The team's revenue ($116 million) is 27th in the league.