Sports Valuations

9. Miami Heat

Michael Reaves | Getty Images Sport | Getty Images

Revenue and EBITDA figures, as well as division/standing and playoff results, all represent the 2023-24 season.

Seating capacity figures are from team and arena websites, as well as media reports.

Valuation: $5.1 billion

Revenue: $394 million
EBITDA: $65 million
Debt as a percentage of value: 8%

Franchise history

Owner(s): Micky Arison
Year purchased: 1988
Purchase price: $32.5 million
Division/standing: Southeast/Second
Playoff result: Lost in Eastern Conference first round
Championships: 3
Arena: Kaseya Center – 19,600 capacity

See the full list of CNBC's Official 2025 NBA Team Valuations.

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