Celtics

Boston Celtics valued at over $2 billion

The Celtics are the fourth most valuable franchise in the NBA for the second straight year Barry Chin/The Boston Globe

The Boston Celtics may not be an elite team just yet on the court, but the franchise stands among the league’s top-tier when it comes to value.

According to Forbes, the Celtics are worth an estimated $2.1 billion, making them the fourth-most valuable franchise in the NBA for the second straight year. Only the New York Knicks ($3 billion), Los Angeles Lakers ($2.7 billion) and Chicago Bulls ($2.3 billion) topped Boston in the rankings.

Boston’s $2.1 billion value in 2016 is a 24 percent jump from their 2015 total of $1.7 billion. Five franchises in total crossed the $2 billion threshold, with the Los Angeles Clippers rounding out the group at $2 billion. Those values are only expected to rise in the next few years as the NBA’s $24 billion TV deal is set to kick in next season.

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Wyc Grousbeck and Steve Pagliuca led an ownership group that purchased the team for $360 million in 2002. Grousbeck noted back in September 2014 that he had been approached with offers to buy the team, but said he and his partners were not interested in selling.

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