Magic ranked 14th in Forbes' valuations of NBA franchises

Rich DeVos and Alex Martins - Douglas Jones - USA Today Sports

Orlando's worth grew 22 percent in 2012, the magazine finds.

Forbes released Wednesday its NBA franchise valuations, with few surprises. The New York Knicks and Los Angeles Lakers stand as the only billion-dollar clubs, while the Milwaukee Bucks, at $312 million, are the league's least valuable team.

The Orlando Magic come out looking fairly good in these rankings. The valuation of $470 million is good for 14th in the league and represents 22 percent growth from the previous season. The team posted $126 million in revenue, good for 12th in the league.

"[B]usiness is still strong at the two year old [sic] Amway Center," according to Forbes. "The team's season ticket renewal rate was 80% this season and the team landed 1,500 new season ticket holders." Forbes also reports that only "eight to 10" of Amway Center's 60 luxury suites will be "up for renewal" once the 2012/13 season concludes.

Looking for Orlando Magic tickets? Orlando Pinstriped Post has you covered. We invite you to follow Orlando Pinstriped Post on Twitter and like Orlando Pinstriped Post on Facebook.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join Orlando Pinstriped Post

You must be a member of Orlando Pinstriped Post to participate.

We have our own Community Guidelines at Orlando Pinstriped Post. You should read them.

Join Orlando Pinstriped Post

You must be a member of Orlando Pinstriped Post to participate.

We have our own Community Guidelines at Orlando Pinstriped Post. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker