NBA teams are worth more relative to what they actually make than any other major sports league. Buyers are not paying for today’s revenue, rather betting on bigger media deals, global fans, and long-term growth.⁠ ⁠ You can see how fast that belief can change. Four years ago, MLS rode World Cup hype and a new TV deal to roughly 12x revenue, higher than the NBA, NFL, and MLB at the time. Today that figure is closer to 9x as expectations reset.⁠ ⁠ Bottom line: the highest valuations go to leagues that pair massive scale with revenue that keeps growing—year after year.⁠ ⁠ (via X/kbadenhausen, @Sportico) #sports #leagues #valuations #sportico #scale