https://www.forbes.com/nba-valuations/#632c50a46db6 Kinda funny they used a picture of Plumlee https://www.forbes.com/pictures/mli45fhhid/16-portland-trail-blaze/#72e4d6385269 16th - Trail Blazers Current Value - $1.05 billion Revenue - $178 million Operating Income - $41.2 million
No, it's saying that they're making $41.2M in profit, before taxes. You can get their operating expenses by subtracting the operating income figure from the revenue figure, assuming Forbes is correct with all the numbers.
NOI is profit directly from operating an asset, in this case the team. It doesn't include less direct payments...taxes, debt principal and interest payments, capital expenditures like building a new stadium, depreciation and amortization. http://www.forbes.com/nba-valuations/list/#header:debtValue_sortreverse:true I sorted by Debt/Value. Taxpayers in Milwaukee and Sacramento didn't let their teams off the hook in paying for new arenas.
We don't have a $137M surplus. $41M is not the amount of cost we generate, it's the income. $137M is opex. It's a very healthy profit for a sports organization on that level of income. Big market teams predictably generate a much higher revenue (close to $400M for Knicks and Lakers) but still far off Manchester United or Real Madrid.