Grizzlies valued at $453 million by Forbes - Action News 5 - Memphis, Tennessee

Grizzlies valued at $453 million by Forbes

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(WMC-TV) - Forbes Magazine ranked the values of all 30 NBA franchises today, and the Grizzlies come in at 24th.

The Memphis basketball team values in at $453 million.

The $453 Million is a 20% jump Up from the $377 million Robert Pera paid for the Grizzlies about two years ago.

According to the magazine, the team has an operating profit of $11 million dollar this season...

Forbes has valued the Grizzlies operating income in the red for as long as the franchise has been in Memphis.

Forbes credits Pera's Group with a Series of Trades last season, most notably moving Swingman Rudy Gay and $82-Million Dollar Contract, with keeping the Grizzlies Under the Luxury Tax.

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