The average NBA team is now worth $2.4 billion

Reproduced from Sportico; Table: Axios VisualsThe value of NBA teams has been rising at such an incredible pace that even the league's least valuable franchise is now worth well over $1 billion.What's happening: A new report from sports business publication Sportico found that the average NBA team is now worth $2.4 billion.Support safe, smart, sane journalism. Sign up for Axios Newsletters here.Details: "Collectively, the fair-market value of the NBA's 30 teams, including ownership's stakes in real estate, regional sports networks and additional team-related holdings, is more than $71 billion," Sportico's Peter J. Schwartz writes. * "Three franchises—the New York Knicks, Golden State Warriors and Los Angeles Lakers—are each worth more than $5 billion. (For context, each of those teams has a greater fair-market value than any National Football League team except for the Dallas Cowboys, based on Sportico's assessment of football team valuations last August.)"Flashback: In July 2010, the Warriors were purchased for a then-record $450 million.How it works: Revenues have obviously declined for the NBA with the pandemic limiting in-person attendance at games, but valuations...