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Updated: January 22nd, 2014 10:58am
Forbes: Wolves are one of four NBA teams to lose money last year

Forbes: Wolves are one of four NBA teams to lose money last year

by Derek Wetmore
1500ESPN.com
Email | Twitter

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.

Derek Wetmore is the senior editor for 1500ESPN.com. His previous stops include MLB.com and the Minnesota Daily.
Email Derek | @DerekWetmore
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