What is Toronto Raptors Net Worth as of 2023?

Last Modified Oct 13, 2023 13:04 GMT
Toronto Raptors
Toronto Raptors

The Toronto Raptors are part of the Atlantic Division of the Eastern Conference in the NBA, and are the only Canadian franchise in the league. They were established in 1995 and play their home games at the Scotiabank Arena. In June 2023, the team appointed Darko Rajakovic as head coach for the 2023/24 season.

The Raptors have failed to qualify for the postseason in two of the last three seasons. However, after selecting Gradey Dick with the 13th overall pick this year, they will hope the rookie will ease some of their problems. Dick is a versatile guard who can play at multiple positions and is known for his long-range shooting. He could prove to be a solid 3-and-D player for the franchise in the coming seasons.

In 36 games for the University of Kansas, Gradey Dick averaged 14.1 points, 5.1 rebounds and 1.7 assists per game. He shot 44.2% from the field, including 40.3% from deep.

Toronto Raptors Net Worth

According to Forbes, the Toronto Raptors are valued at around $3.1 billion as of 2023.

In the last one year, the franchise’s net worth has increased by around 25%, and is currently the most expensive sports team in Canada.

How many times have the Raptors been to the Finals?

The Toronto Raptors have been to the NBA Finals only once, in the 2018-19 season. The team also won their first championship that season. The signings of Defensive Player of the Year Kawhi Leonard, 3-and-D veteran Danny Green, and Marc Gasol, another All-Star and DPOY, were instrumental in the franchise winning their first ever NBA title.

During the regular season, the team won 16 out of the first 20 games. With Leonard missing a chunk of the regular season later, the team finished second in the east, behind the Giannis Antetokounmpo led Milwaukee Bucks.

The Raptors defeated the Orlando Magic and Philadelphia 76ers in their initial rounds and eventually faced the Milwaukee Bucks in the Eastern Conference Finals. Despite the Bucks winning the first two games at the Fiserv Forum, the Raptors bounced back and won the next four, advancing to the NBA Finals for the first time in franchise history.

In the NBA Finals, the Raptors were up against Steph Curry and the Golden State Warriors, who reached the Finals for the fifth consecutive time. Despite the odds stacked against them, the Raptors defeated the Warriors in six games. Kawhi Leonard ran the show for the Raptors as he was named Finals MVP for the second time in his career. In the 2019 NBA Finals, Leonard averaged 28.5 points, 9.8 rebounds, 4.2 assists, 2.0 steals and 1.2 blocks per game.

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FAQs

A. Steph Curry is set to earn around $51 million for the 2023/24 season, making him the highest paid player in the league.

A. The Golden State Warriors is the most expensive and valuable franchise in the NBA. They are valued at around $7 billion as of 2023.

A. The Toronto Raptors drafted Gradey Dick  with the 13th overall pick in the 2023 NBA Draft.

A. Maple Leaf Sports & Entertainment own the Toronto Raptors.

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