Forbes: NBA's Most Valuable Teams

On Wednesday, Forbes.com released its list of the Most Valuable NBA teams. The New Orleans Pelicans came in at No. 28 out of 30 teams. Here is what they had to say about them:

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#28 New Orleans Pelicans
Current value: $420 million
Revenue: $116 million
Operating profit: $11 million

The Pelicans opened the 2013-14 with a new name, a renovated arena and a franchise record for season ticket sales. Owner Benson instituted dramatic price cuts to tickets this season to stem low attendance, which was the NBA's second worst during the 2012-13 season at just 13,803 per game. The result is roughly 12,000 season ticket sales compared to 11,800 when the team won a franchise-record 56 games during the 2007-08 season.

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Here is the Top 10:

#1 New York Knicks - Current value: $1.4 billion
#2 Los Angeles Lakers - Current value: $1.35 billion
#3 Chicago Bulls - Current value: $1 billion
#4 Boston Celtics - Current value: $875 million
#5 Brooklyn Nets - Current value: $780 million
#6 Houston Rockets - Current value: $775 million
#7 Miami Heat - Current value: $770 million
#8 Dallas Mavericks - Current value: $765 million
#9 Golden State Warriors - Current value: $750 million
#10 San Antonio Spurs - Current value: $660 million

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