List of NBA Team Owners

Last Modified May 12, 2025 20:10 GMT
NBA Owners
Dan Gilbert - Cleveland Cavaliers Introduce John Beilein

Owning a major NBA team is an accomplishment as it requires a lot of investment in coaches, managers, players, and other staff for the franchise to run efficiently. Athletic prowess, competition, and great talent in the NBA league attract massive fortune for the players and franchise owners. NBA franchises are a highly coveted asset, and NBA ownership is an exclusive club which can only hold 30 members. The NBA owners play a huge role in the success of the team, and yet are mostly away from the limelight.

An average NBA team is worth $4 billion, as per reports. Many entrepreneurs and corporate giants have come together to own the rights to an NBA franchise.

NBA Team Owners

Below are the team owners of the respective NBA teams:

FranchisePrincipal owner(s)Operating entitiesPurchase price in (USD)Owned since
Atlanta HawksTony Ressler, Grant Hill, Steven Price, Rick Schnall, Sara Blakely, Jesse Itzler, Ted Virtue, Bob GoodmanHawks Basketball, Inc.850 Million2015
Boston CelticsWilliam ChisholmBoston Basketball Partners6 Billion2025
Brooklyn NetsJoe and Clara Wu Tsai, Julia, David Jr., Mary Julia and John KochJ Tsai Sports3.3 Billion2019
Charlotte HornetsGabe Plotkin and Rick Schnall 2350 Million2023
Chicago BullsJerry ReinsdorfChicago Professional Sports Limited Partnership16.2 Million1985
Cleveland CavaliersDan GilbertCavaliers Entertainment LLC375 Million2005
Dallas MavericksMiriam Adelson, Patrick Dumont, and Sivan DumontDallas Basketball Limited3.8 Billion2023
Denver NuggetsAnn Walton KroenkeKroenke Sports & Entertainment, Denver Nuggets Limited Partnership202 Million2000
Detroit PistonsTom GoresPalace Sports & Entertainment, Detroit Pistons Basketball Company325 Million2011
Golden State WarriorsJoe Lacob (majority), Peter Guber, Arctos Sports PartnersGSW Sports LLC450 Million2010
Houston RocketsTilman FertittaFertitta Entertainment2.2 Billion2017
Indiana PacersHerbert Simon, Steven RalesPacers Sports & Entertainment, Pacers Basketball, LLC3.47 Million1983
Los Angeles ClippersSteve BallmerLAC Basketball Club, Inc.2 Billion2014
Los Angeles LakersJerry Buss' family trust, along with Mark Walter and Todd BoehlyThe Los Angeles Lakers, Inc.20 Million, and 1.35 Billion1979 & 1998
Memphis GrizzliesRobert J. PeraMemphis Basketball LLC377 Million2012
Miami HeatMicky Arison, Julio Iglesias, Raanan Katz, Robert Sturges, and Amancio SuarezMiami Heat Limited Partnership68 Million1995
Milwaukee BucksWesley Edens, Jimmy and Dee HaslamMilwaukee Bucks, Inc.3.5 Billion2014
Minnesota TimberwolvesGlen Taylor, Alex Rodriguez, and Marc LoreMinnesota Timberwolves Basketball Limited Partnership88.5 Million1995
New Orleans PelicansGayle BensonNew Orleans Pelicans NBA Limited Partnership338 Million2012
New York KnicksJames DolanThe Madison Square Garden Company, New York Knicks, Inc.300 Million1997
Oklahoma City ThunderClay BennettProfessional Basketball Club LLC325 Million2006
Orlando MagicDan DeVosRDV Sports, Inc., Orlando Magic, Ltd.85 Million1991
Philadelphia 76ersJosh Harris and David BlitzerHarris Blitzer Sports & Entertainment287 Million2011
Phoenix SunsMat Ishbia and Justin IshbiaUnknown4 Billion2023
Portland Trail BlazersPaul AllenVulcan Inc., Trail Blazers, Inc.70 Million1988
Sacramento KingsVivek Ranadivé, Paul E. Jacobs, Gary E. Jacobs, Hal Jacobs, Jeffrey A. JacobsSacramento Kings Partnership Group (operating entity yet to be named)534 Million2013
San Antonio SpursPeter J. HoltSpurs Sports & Entertainment, San Antonio Spurs LLC76 Million1993
Toronto RaptorsLarry Tanenbaum, Rogers Communications, BCEMaple Leaf Sports & Entertainment, Toronto Raptors Basketball Club467 Million1998
Utah JazzRyan Smith, Ashley Smith, Ryan Sweeney, Mike Cannon-Brookes, the Miller Family, Dwyane WadeJazz Basketball Investors, Inc.1.6 billion2021
Washington WizardsTed LeonsisMonumental Sports & Entertainment551 Million2010

Read More : List of NBA Most Improved Player Award Winners

FAQ's on List of NBA Team Owners

A. Adam Silver has been the CEO of the NBA since February 1, 2014.

A. Walter Brown thought that the vacant ice hockey arenas could host basketball games at night which is when he established the Basketball Association of America. It then merged with the National Basketball League to found the NBA.

A. The Golden State Warriors are the most expensive franchise in the NBA as of the 2024-25 NBA season.

A. The Sacramento Kings are the oldest team, founded in 1923.

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