There are a few kinda crazy moves the Charlotte Hornets can make this offseason to help with the organization’s finances
According to Forbes, the Charlotte Hornets are one of the worst teams in the league when it comes to finances. The Hornets are only worth $1.5 billion dollars which is “chump change” compared to the league’s leader in worth, the New York Knicks valued at $4.6 billion dollars.
The Hornets are in the bottom 17 percent of the league in net worth, where the Hornets rank 26th in the league for revenue, only worth more than the Detroit Pistons, Memphis Grizzlies, Minnesota Timberwolves, and the New Orleans Pelicans.
The Hornets also have a fairly bad branding where their brand only makes 6.7 percent of their valuation breakdown. Charlotte’s wins-to-player cost ratio(where a 100 value is average, 120 value means that a team is getting 20 percent more wins per dollar, 80 means they get 20 percent fewer wins per dollar) is among the worst in the league, where they only score 87.
The Hornets are valued at the highest they’ve ever been in history, which is a good trend but overall the Hornets have a lot of work to do financially. The following ideas have the potential to help the Hornets financially.