Memphis Grizzlies value closing in on half-billion mark according to Forbes Magazine

Players like Marc Gasol have acted as catalysts for the Grizzlies success. - Nelson Chenault-USA TODAY Sports

Make it rain, Robert!

WMC-TV reported yesterday that Forbes Magazine, during their evaluation of all 30 NBA franchise, has valued the Memphis Grizzlies at $453 million, good for 24th in the league.

This near-half-billion mark represents the triumphant evolution of the Grizzlies franchise as the Grizzlies' value has grown 20% (+$76 million) from the $377 million Robert Pera (and others) paid for the team 2 years ago. It's also worth nothing that the value is up about 65% ($293 million) from the $160 million that Michael Heisley originally paid for the team.

That's some data that would look great on a chart, and although the Grizzlies record isn't what fans hoped for this season, it's hard to argue that the current ownership is doing anything less than a stellar job at operating the franchise as a whole.

However, if they want to continue on this trend and have GBB's blessing, they may need to shore up the salary situation a few notches.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join Grizzly Bear Blues

You must be a member of Grizzly Bear Blues to participate.

We have our own Community Guidelines at Grizzly Bear Blues. You should read them.

Join Grizzly Bear Blues

You must be a member of Grizzly Bear Blues to participate.

We have our own Community Guidelines at Grizzly Bear Blues. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker