Toronto Raptors worth less than the average NBA team

The Toronto Raptors may be getting more exposure thanks to their global ambassador Drake. However, Canada's only professional basketball team is still worth a little bit less than the average NBA franchise.

According to the latest Forbes Business of Basketball report, the Toronto Raptors are currently worth $980 million, while the average NBA team is worth a whopping $1.25 billion - that's a 13 percent increase since last year.

The Raptors are the 14th most valuable team out of 30. The New York Knicks ($3 billion), the LA Lakers ($2.7 billion), the Chicago Bulls ($2.3 billion), the Boston Celtics ($2.1 billion) and the LA Clippers ($2 billion) take spots one to five, respectively.

Photo by Neil Ta from the blogTO Flickr pool.

by Amy Grief via blogTO