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Forbes: Denver Nuggets value jumps 22%, but still in NBA's bottom 10

The Denver Nuggets franchise is worth $1.38 billion — the 10th-least valuable team in the NBA.
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DENVER, COLORADO - JANUARY 13: Nikola Jokic #15 and Jamal Murray #27 of the Denver Nuggets celebrate against the Portland Trail Blazers late in the fourth quarter at the Pepsi Center on January 13, 2019 in Denver, Colorado. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Matthew Stockman/Getty Images)

The red-hot Denver Nuggets franchise is worth $1.38 billion — the 10th-least valuable team in the NBA — but has bumped its valuation by 22 percent from a year ago, according to a Forbes analysis.

The Nuggets landed at No. 21 on Forbes' NBA team value list for 2019, sitting just behind the Indiana Pacers ($1.4 billion) and in front of the Milwaukee Bucks ($1.35 billion). The New York Knicks are the NBA's most valuable team at $4 billion, followed by the Los Angeles Lakers at $3.7 billion.

The average NBA team is worth $1.9 billion, up 13 percent from 2018 and three times the level of five years ago, Forbes reported.

The Nuggets team is owned by the Stan Kroenke family, which paid $202 million for the franchise in 2000, according to Forbes.

The Nuggets saw $222 million in revenue and $47 million in operating income during the 2017-18 season, according to the report. When it comes to local revenue compared to its metro population — dubbed "revenue per fan" — the Nuggets take in $33 per person.

Read more at the Denver Business Journal: https://bit.ly/2SxzfGB

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