Current Video:Horrow: NBA Business Report|
Rick Horrow on the Kings falling and much more.
Automatically Generated Transcript (may not be 100% accurate)
On fox sports new analyst Rick Horrow talking NBA is this after a couple weeks. We average value and NBA franchise -- the record rate of 93 million dollar up six point 5% over last year. And the numbers are -- to have more than I have not. The fifteen most valuable NBA teams. For what 45 million on average a 10%. The value of the teams in the bottom half average 300 million doubt about point 4%. Overall. Fifteen teams lost money last year led by the woeful Bobcats and Grizzlies. We're both 25 million dollars in the red. In other news. India licensing revenue for the league 2012 fiscal year was up over the previously. Despite a lot out in sixteen fewer games perky. League executives expected revenue -- all 25%. They attributed the growth to Jeremy Lin and improved play a big market team. As for one small market team -- -- good. Several piece of black -- fell from the sleep trade arena rafters during Sacramento Kings game last week the latest in a series of embarrassing moment for the team. The last couple years have been a comedy of -- for the game. Who recently publicly feuded with the city over new arena and lost that -- and David -- -- -- our ballots went bankrupt. And while the TARP incident clearly wasn't intentional. It's almost as if the team no longer -- -- that a future Sacramento. He's ownership recently met with -- Virginia governor -- relocating to Virginia Beach and it investor plans to build a new arena in Seattle. For fox sports. On the --