Phoenix Suns boast billion dollar value in latest NBA franchise rankings.
The Phoenix Suns are coming in hot on a list of the NBA’s most valuable teams in 2017. The franchise is ranked number 14 of 30 teams on the list, worth a value of $1.1 billion according to Forbes. This number has skyrocketed since current Suns owner Robert Sarver purchased the franchise back in 2004 for just $404 million. Suns current revenue is $173 million and has increased nearly $30 million over the past decade, contributing to the franchise’s overall value.