CNBC senior sports reporter Michael Ozanian put together valuations for all 30 NBA franchises. Here's the full list and breakdown.

The massive new domestic television rights deal is the biggest reason for the rapid growth of franchise values, executives said.

According to CNBC's latest NBA franchise valuations, the Bulls sit just outside the top-three most-valuable franchises, with a worth of $5.8 billion — up from sixth place and $5 billion last year. They fall behind the Golden State Warriors ($9.4 billion), New York Knicks ($7.5 billion) and Los Angeles Lakers ($7 billion).