• Loading stock data...
Thursday, November 7, 2024
The Best Employers in Sports survey is open through Nov. 13 Learn More

Nuggets Eyeing History And Big-Time Bounce To Bottom Line

  • Other Kroenke-owned teams have seen marked escalation in franchise value after title runs
  • Team has reached capacity in full season tickets for 2023-24 season
Isaiah J. Downing-USA TODAY Sports

For nearly all of the Denver Nuggets’ 47 years of existence in the NBA, the team has largely been off the national radar.

They’ve made no Finals appearances until this year, won just two postseason series between 1995 and 2018, and can claim only three Basketball Hall of Famers who played the bulk of their careers in Denver.

But with the arrival of star center Nikola Jokić and their rise to unprecedented competitive heights, the Nuggets are now poised for a series of meaningful business boosts.

The team entered the 2022-23 season with an estimated franchise value of $1.93 billion, 22nd in the league and similar to smaller-market franchises such as Oklahoma City, Indiana, and Charlotte. But a significant increase is likely for the Nuggets later this year, given the path traveled recently by other title-winning teams owned by Stan Kroenke.

After the NFL’s Los Angeles Rams won Super Bowl LVI early last year, their value rose from $4.8 billion to $6.2 billion, third-best in the league. Similarly, the NHL’s Colorado Avalanche grew in value from $630 million in 2021 to $860 million after their 2022 Stanley Cup championship.

The Nuggets have reached capacity for full-season ticket sales for the 2023-24 season, a sales run not unlike that of the Avalanche this past season. This summer, the team will also hit the market for another jersey patch deal in a position of strength. The Nuggets’ three-year extension with financial services firm Western Union expires at the end of this season.

A Mile-High Boost

Meanwhile, the Denver Chamber of Commerce projects a $22 million infusion in the city’s downtown business due to the Nuggets’ Finals appearance.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL TV Ratings: Can Amazon Keep Up Record ‘TNF’ Pace?

Thursday night games are averaging 13 million viewers.

NBA TV Ratings Continue Trending Down to Open Season

The league has dealt with injuries to stars like Joel Embiid.
Jan 22, 2024; Philadelphia, Pennsylvania, USA; Philadelphia 76ers center Joel Embiid (21) looks on after scoring during the fourth quarter against the San Antonio Spurs at Wells Fargo Center.

Joel Embiid Suspended Three Games for Shoving Journalist

The columnist wrote about Embiid’s son and late brother.
podcast thumbnail mobile
Front Office Sports Today

The NFL Player Set to Inherit a US Potato Empire

0:00

Featured Today

NFL Center Connor McGovern Is the Heir to a Potato Empire

The NFL vet’s family provides potatoes for McDonald’s, Wendy’s, and others.
Vanderbilt Commodores fans head to the south end zone as the goal post is taken down by exuberant fans after beating No. 1 Alabama 40-35 at Vanderbilt Stadium in Nashville, Tenn., Saturday, Oct. 5, 2024.
opinion
November 2, 2024

Something New in College Football This Year: Parity

Upsets, surprises. CFB is more fun on the field than the NFL.
Sep 28, 2024; Tuscaloosa, Alabama, USA; GOP Presidential candidate Donald Trump waves flanked by former Georgia Bulldogs player Herschel Walker, recording art Kid Rock, professional golfer John Daily, Alabama senators Tommy Tuberville (R) and Katie Britt (R) during the second half of the game between the Alabama Crimson Tide and the Georgia Bulldogs at Bryant-Denny Stadium.
November 1, 2024

Mission Swing State: College Football’s Political Advertising Battle

Trump, Harris, and the PACs that support them are utilizing the sport.
October 31, 2024

The Untapped Revenue ‘Powder Keg’ of Women’s NFL Fandom

There’s a “boatload” of money at stake for brands and the league.

Chiefs Eye Perfect Season, Three-Peat, and Capitalizing Off the Field

Despite injuries and an abnormally low average margin of victory, the wins keep coming for Kansas City.
November 5, 2024

Sorry, Sacramento: Your MLB Team Will Only Be Known As the Athletics 

The club’s new “brand transition guidelines” remove any reference to a place.
November 5, 2024

Twins At Crossroads: Team Sale, Media Shifts, and Rising Competition

Team officials look to maintain “business as usual” amid growing uncertainty.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 3, 2024

Embiid’s Clash With Reporter Sparks NBA Probe, Concerns for Sixers

The former NBA Most Valuable Player angrily confronts and shoves a local columnist.
October 26, 2024

Las Vegas Aces Cut GM Amid Front-Office Restructuring

The 2022 and 2023 champions lost to the Liberty in the WNBA semifinals.
October 25, 2024

Inside The Wall at L.A. Clippers’ New $2B Home

FOS went inside the “contagious” energy at the L.A. Clippers’ Intuit Dome.
Oct 8, 2024; New York City, New York, USA; New York Mets first baseman Pete Alonso (20) celebrates in the dugout after hitting a solo home run with New York Mets pitcher Luis Severino (left) and pitcher Jose Quintana (right) in the second inning against the Philadelphia Phillies during game three of the NLDS for the 2024 MLB Playoffs at Citi Field.
October 24, 2024

OMG: Indie Designers Cashed In on the Most Gimmicky Mets Season Ever

The Mets’ meme-laden season lives on well beyond their playoff run.