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#28 New Orleans Pelicans

#28 New Orleans Pelicans

Team Value
1
Value of team based on current arena deal (unless new arena is pending) without deduction for debt.
$2.55BCalculated October 2023
Owner(s)
Gayle Benson
Championships
0
Year Purchased
2012
Price Paid
$338M
Revenue
2
Net of arena revenues used for debt payments.
$262M
Operating Income
3
Earnings before interest, taxes, depreciation and amortization.
$57M
Debt/Value
4
Includes arena debt.
9%
Player Expenses
5
Includes benefits and bonuses.
$154M
Gate Receipts
6
Includes club seats.
$39M
Wins-to-player cost ratio
7
Compares the number of wins per player payroll relative to the rest of the NBA. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2021-22 season.
93
Revenue per Fan
8
Local revenues divided by metro population with populations in two-team markets divided in half.
$89
Metro Area Population
1.2M
Media partners
tv: Bally Sports New Orleans; radio: ESPN 100.3 FM
Revenue and operating income are for 2022-23 season and net of revenue sharing and arena debt service.
Footnotes
    Revenue and operating income are for 2022-23 season and net of revenue sharing and arena debt service.
  • 1. Value of team based on current arena deal (unless new arena is pending) without deduction for debt.
  • 2. Net of arena revenues used for debt payments.
  • 3. Earnings before interest, taxes, depreciation and amortization.
  • 4. Includes arena debt.
  • 5. Includes benefits and bonuses.
  • 6. Includes club seats.
  • 7. Compares the number of wins per player payroll relative to the rest of the NBA. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2021-22 season.
  • 8. Local revenues divided by metro population with populations in two-team markets divided in half.
New Orleans was the first NBA team to receive its rights payment from Diamond Sports Group (DSG) after the broadcast company filed for bankruptcy earlier this year. The plan as of now is to have Pelicans games air on Bally Sports New Orleans, but if DSG comes up short, the league will stream games through the NBA app while the team searches for a new linear TV partner.
Valuation Breakdown
9. Portion of franchise's value attributable to revenue shared among all teams.
10. Portion of franchise's value attributable to its city and market size.
11. Portion of franchise's value attributable to its arena.
12. Portion of franchise's value attributable to its brand.
Value Change
59%
1-YEAR CHANGE
20%
ANNUALIZED CHANGE
13
Current team value compared with latest transaction price.
13. Current team value compared with latest transaction price.
Historical
2023
Value1
Value of team based on current arena deal (unless new arena is pending) without deduction for debt.
$2.6B
2023
$2.6B
2022
$1.6B
2021
$1.5B
2020
$1.4B
2019
$1.4B
2018
$1.2B
2017
$1B
2016
$750M
2015
$650M
2014
$650M
Revenue2
Net of arena revenues used for debt payments.
$262M
2023
$262M
2022
$268M
2021
$181M
2020
$209M
2019
$224M
2018
$214M
2017
$204M
2016
$156M
2015
$142M
2014
$131M
Operating Income3
Earnings before interest, taxes, depreciation and amortization.
$57M
2023
$57M
2022
$94M
2021
$24M
2020
$44M
2019
$49M
2018
$29M
2017
$37M
2016
$16.7M
2015
$20M
2014
$19M
Player Expenses5
Includes benefits and bonuses.
$154M
2023
$154M
2022
$121M
2021
$109M
2020
$111M
2019
$127M
2018
$133M
2017
$117M
2016
$93M
2015
$80M
2014
$74M
Win-to-Player Cost Ratio7
Compares the number of wins per player payroll relative to the rest of the NBA. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2021-22 season.
93
2023
93
2022
99
2021
73
2020
77
2019
73
2018
115
2017
71
2016
64
2015
97
2014
76
1. Value of team based on current arena deal (unless new arena is pending) without deduction for debt.
2. Net of arena revenues used for debt payments.
3. Earnings before interest, taxes, depreciation and amortization.
5. Includes benefits and bonuses.
7. Compares the number of wins per player payroll relative to the rest of the NBA. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2021-22 season.
Venue
Smoothie King Center
Owner(s)
Louisiana Superdome & Expo Authority
Concessionaire
Centerplate
Year Opened
1999
Average Ticket Price
$43
Seating Capacity
17,188
Cost To Build
$112M
Major Sponsors
Anheuser-Busch InBev
Chevron
Coca-Cola
Constellation Brands
Cox Enterprises
Entergy
Heineken
Ibotta
Ochsner Health System
SeatGeek
Smoothie King
Toyota Motor
Key Connections
Graphic of Gayle Benson
Gayle Benson
Graphic of New Orleans Saints
New Orleans Saints

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