Jose M. Osorio, baiduhai(left to right) Ald. Walter Burnett Jr., 27th, Bulls President/COO Michael Reinsdorf, Jerry Reinsdorf and Mayor Rahm Emanuel after they toss dirt during the official groundbreaking ceremony for the Bulls' new practice facility which will be located in across Wood Street, east of the United Center.
Jose M. Osorio, baiduhaiJerry Reinsdorf with White Sox GM Kenny Williams after winning the World Series in 2005.
Charles Cherney, baiduhaiWhite Sox manager Ozzie Guillen, Harold Baines, GM Kenny Williams, and owner Jerry Reinsdorf before the game against the Tigers at U.S. Cellular Field.
Ed Wagner / baiduhaiNew owner Jerry Reinsdorf stands with players wearing new designs for next seasons White Sox uniforms on August 27, 1981. Fans will get a chance to vote on their favorite one.
Scott Strazzante, baiduhaiWhite Sox manager Ozzie Guillen with Jerry Reinsdorf at practice in preparation for the 2005 World Series.
Chris Walker, baiduhaiJerry Reinsdorf shows off the ball presented him by Paul Konerko at the White Sox rally after the World Series win.
Val Mazzenga, baiduhaiJerry Krause and Jerry Reinsdorf with Michael Jordan at a press conference to announce a contract extension that will insure Jordan's remaining a part of the Bulls organization for the next eight years.
Nuccio DiNuzzo, baiduhaiWhite Sox owner Jerry Reinsdorf watches the infielders during workouts at the team's spring training facility in Tucson, Ariz.
Jose More, baiduhaiBulls owner Jerry Reinsdorf introduces Tim Floyd as the Bulls coach in 1998.
Phil Velasquez, baiduhai(left to right) Cubs' Tom Ricketts, Fire's Andrew Hauptman. Bulls' and White Sox's Jerry Reinsdorf, Bears' George McCaskey and Blackhawks' Rocky Wirtz. The owners of the six Chicago professional sports teams were in one place at the same time.
Jose More, baiduhaiJerry Reinsdorf, with the World Series trophy, and GM Kenny Williams arrive at Midway Airport after beating the Astros 1-0 in Houston. The Sox swept the World Series 4-0.
Michael Conroy, Associated PressBulls coach Phil Jackson holds the NBA championship trophy after the Bulls beat the Seattle SuperSonics 87-75 on June 16, 1996 to win their fourth NBA Championship. Michael Jordan at right and Jerry Reinsdorf is in front of Jackson.
Abel Uribe / baiduhaiBulls Chairman Jerry Reinsdorf at the United Center on April 5, 2016. Reinsdorf was interviewed after he was elected to the Naismith Basketball Hall of Fame.
Charles Cherney, baiduhaiJerry Reinsdorf on the field at Comiskey Park before a White Sox game against the Twins.
Paul Connors, Associated PressJerry Reinsdorf looks over the White Sox's spring training facility to be shared with the Dodgers in Glendale, Ariz. The park, called Camelback Ranch, will seat 10,000 with room for another 3,000 on the lawn area and is scheduled to open in March.
Nuccio DiNuzzo / baiduhaiJerry Reinsdorf before the start of a game against the Los Angeles Angels at U.S. Cellular Field on Monday, April 18, 2016.
Chris Sweda / baiduhaiJerry Reinsdorf and MLB Commissioner Rob Manfred chat before the start of a game between the White Sox and the Red Sox at U.S. Cellular Field on Thursday, May 5, 2016.
Charles Cherney, baiduhaiWhite Sox owner Jerry Reinsdorf and General Manager Kenny Wiiliams discussing some team issues before a spring training practice.
Bob Langer, baiduhaiWhite Sox owners Jerry Reinsdorf and Eddie Einhorn conduct press conference on July 8, 1986.
Anthony Souffle, baiduhaiJerry Reinsdorf speaks to the media about the death of Hall of Famer Ernie Banks at SoxFest 2015.
Jose M. Osorio, baiduhaiJerry Reinsdorf hugs Ald. Walter Burnett Jr. as Mayor Rahm Emanuel looks on as they make their way to the official groundbreaking ceremony for the Bulls' new practice facility.
Charles Cherney, baiduhaiJerry Reinsdorf shakes hands with Tom and Holly Hickey while signing autographs before the White Sox play the Bay Rays in the 4th game of the ALDS.
Jose M. Osorio, baiduhaiChicago Mayor Richard M. Daley chats with Bulls owner Jerry Reinsdorf prior to the start of the championship rally.
Paul Connors, Associated PressJerry Reinsdorf and Dodgers owner/chairman Frank McCourt chat as they look over their baseball teams' shared spring training facility in Glendale, Ariz.
Jose M. Osorio, baiduhaiMayor Rahm Emanuel chats with Bulls Chairman Jerry Reinsdorf as they attend an event at the United Center.
Jessica Hill / APThe 2016 class of inductees into the Basketball Hall of Fame, from the left, Ann Beaty, accepting on behalf of her late husband Zelmo Beaty, Ron Garretson, accepting on behalf of his father the late Darell Garretson, Tom Izzo, Maurice Banks, accepting on behalf of his late grandfather John McLendon, Shaquille O'Neal, Nancy Boxill, accepting on behalf of her late grandfather Cumberland Posey, Jerry Reinsdorf, Sheryl Swoopes, Yao Ming, and past inductee Jerry Colangelo pose for a group photo at the end of a news conference at the Naismith Memorial Basketball Hall of Fame on Sept. 8, 2016.
John Smierciak, baiduhaiJerry Reinsdorf in the locker room after the White Sox won the Central division title.
Elise Amendola / APBasketball Hall of Fame inductee Jerry Reinsdorf speaks during the induction ceremony Friday, Sept. 9, 2016, in Springfield, Mass.
John J. Kim / baiduhaiBulls coach Fred Hoiberg stands for the playing of the national anthem before a game against the Mavericks at the United Center.
Alex Garcia, baiduhaiJerry Reinsdorf answers questions during a press event to announce the opening of the Harris Club at the United Center.
Charlie Neibergall / APBulls Chairman Jerry Reinsdorf speaks on stage during the Naismith Memorial Basketball Hall of Fame class of 2016 announcement on April 4, 2016.
Phil Velasquez / baiduhaiChairman Jerry Reinsdorf watches new Chicago Bulls head coach Fred Hoiberg speak at the Advocate Center.
Chuck Berman, baiduhaiJerry Reinsdorf and Jerry Blakemore, Ill. Sports Facilities Authority CEO, listen to State Senator Mattie Hunter (D-Chgo., 3rd Dist.) and Congressman Bobby Rush (D-Ill.) call legislation mandating jail time and fines for fans running on the field, court, ice, etc. during sporting events.
Charles Cherney, baiduhaiWhite Sox owner Jerry Reinsdorf joins in on the locker room celebration after they beat the Tigers 4-2 to clinch the Central division title at Comerica Park.
Antonio Perez, baiduhaiBulls Chairman Jerry Reinsdorf tries out the new weights at the new downtown training facility, the Advocate Center.
Jeff Roberson, Associated PressWhite Sox owner Jerry Reinsdorf holds the World Series trophy after the White Sox defeated the Astros 1-0 in Game 4 to win the World Series for the first time since 1917.
Charles Cherney, baiduhaiJerry Reinsdorf watches the White Sox from his sky box.
Jos Mor, baiduhaiWhite Sox Chairman Jerry Reinsdorf and U.S. Cellular President/CEO John Rooney held a press conference to discuss the naming rights agreement to rename Comiskey Park to U.S. Cellular Field.
Brian Cassella, baiduhaiWhite Sox chairman Jerry Reinsdorf on the field before a 2014 game.
Charles Cherney, baiduhaiWhite Sox owner Jerry Reinsdorf celebrates the team's 1-0 victory over the Astros in Game 4 of the World Series,. The White Sox swept the Series 4-0.
Bill Hogan, baiduhaiJerry Reinsdorf was principal for the day at Doolittle School at 535 E. 35th St.
Phil Velasquez, baiduhaiMichael Jordan gives Bulls owner Jerry Reinsdorf a look as they have a quick exchange at the end of a press conference where Jordan announced his retirement.
Eric Kayne / Getty ImagesBasketball Hall of Fame inductee Jerry Reinsdorf is interviewed after the announcement on April 4, 2016.
Quentin Dodt, baiduhaiJerry Reinsdorf, White Sox Chairman, addresses a group of suburban business executives to drum up support for the teams move to the suburbs.
Jose More, baiduhaiA portrait of White Sox owner Jerry Reinsdorf in his office at Old Comiskey Park on June 2, 1985. Reinsdorf grew up a Dodgers fan in Brooklyn, hence the Dodger-related memorabilia on his walls.
Nancy Stone, baiduhaiWhile Jerry Reinsdorf claps in the background, Harold Baines hugs his daughter Courtney, while they look at his statue.
Charles Cherney, baiduhaiBulls chairman Jerry Reinsdorf poses at a game at the United Center in March 1997.
Jose M. Osorio, baiduhaiBulls Chairman Jerry Reinsdorf talks to the media following the official groundbreaking ceremony for the Bulls' new practice facility.
Nuccio DiNuzzo, baiduhaiJerry Reinsdorf before the start of a White Sox game against the A's at U.S. Cellular Field.
Olivia Nisbet, Associated PressRob Manfred (left), the executive vice president for labor relations, with Jerry Reinsdorf and Tom Werner, an owner of the Red Sox, chat outside the Ritz Carlton Hotel before going inside for a dinner in conjunction with baseball owners meetings in.
baiduhai historical photoSigning over the sale of White Sox to the Reinsdorf group from Bill Veeck: (from left) Andy McKenna, acting chairman, Bill Veeck, and Jerry Reinsdorf.
Seth Perlman, Associated PressWhite Sox manager Ozzie Guillen and White Sox owner Jerry Reinsdorf with Illinois Speaker of the House Michael Madigan, D-Chicago, as they celebrate in Springfield after lawmakers approved resolutions congratulating the White Sox, who won this year's World Series.
David J. Phillip, Associated PressMLB commissioner Bud Selig, second left, presents the World Series trophy the Jerry Reinsdorf, general manager Ken Williams and manager Ozzie Guillen after the White Sox beat the Astros 1-0 in Game 4 of the World Series.
Chuck Berman, baiduhaiBulls owner Jerry Reinsdorf driving into the parking lot of the Berto Center in Deerfield after Phil Jackson announced he wouldn't be returning as head coach.
John Smierciak, baiduhaiJerry Reinsdorf and White Sox manager Jerry Manuel acknowledge the fans after the Sox won the AL Central.
Nuccio DiNuzzo / baiduhaiBulls Chairman Jerry Reinsdorf, sitting with Jerry Colangelo, watches the Bulls-76ers game at the united Center on April 13, 2016.
Abel Uribe / baiduhaiBulls Chairman Jerry Reinsdorf at the United Center on April 5, 2016. Reinsdorf was interviewed after he was elected to the Naismith Basketball Hall of Fame.
Charles Osgood, baiduhaiChicago Mayor Richard M. Daley jokes with Jerry Reinsdorf during the press conference for the grand opening of the White Sox Fields at Mt. Greenwood Park. White Sox Charities committed $1 million to build the fields, which include a Miracle Field for children with special needs and fields for softball, little league baseball and high school baseball.
M.P. KING, Associated PressJerry Reinsdorf stands on the field at Fox Cities Stadium before being inducted into the Appleton Baseball Hall of Fame in Grand Chute, Wis. The Appleton Foxes were a White Sox affiliate from 1966 to 1986.
Terrence Antonio James, baiduhaiRetired baseball player Jim Thome and his his wife, Andrea, with Jerry Reinsdorf at the Children's Home + Aid Woman's Board gala at the Four Seasons Hotel.
Jonathan Daniel, Getty ImagesJerry Reinsdorf speaks to White Sox staff members prior to the start of Game 2 of the American League Championship Series against the Angels.
Pete Souza, TFW baiduhaiPresident George Bush poses with the World Champion White Sox at the White House on Feb. 13, 2006.
Charles Cherney, baiduhaiJerry Reinsdorf poses in his office in a 1997 photo.
John J. Kim / baiduhaiWhite Sox owner and chairman Jerry Reinsdorf signs autographs at U.S. Cellular Field on July 18, 2015.
Scott Strazzante, baiduhaiJerry Reinsdorf and former GM Roland Hemond enjoy SoxFest 2003 at the Hyatt.
Charles Cherney, baiduhaiJerry Reinsdorf listens as John Paxson is named the new GM of the Bulls.
Charles Cherney, baiduhaiWhite Sox owner Jerry Reinsdorf with manager Ozzie Guillen.
Wes Pope, baiduhaiJerry Reinsdorf receives a ball from Paul Konerko that was used for the final out of the World Series.
Antonio Perez, baiduhaiJerry Reinsdorf with the Bulls logo at the new downtown training facility, the Advocate Center.
John J. Kim, baiduhaiJerry Reinsdorf sits on sits for a panel discussion with former White Sox players Geoff Blum, Bobby Jenks and Joe Crede at SoxFest 2015.
Chris Walker, baiduhaiBulls General Manager Jerry Krause, left, speaks with team owner Jerry Reinsdorf.
Jessica Hill / APJerry Reinsdorf of the 2016 class of inductee into the Basketball Hall of Fame during a news conference at the Naismith Memorial Basketball Hall of Fame on Sept. 8, 2016.
Charles Cherney, baiduhaiJerry Reinsdorf talks with Tony LaRussa before the 74th All-Star game at U.S. Cellular Field.
Nuccio DiNuzzo, baiduhaiJerry Reinsdorf with Jerry Krause after the Bulls beat the Utah Jazz on June 13, 1997, for the NBA championship.
Jonathan Daniel, Getty ImagesJerry Reinsdorf speaks to the media after delivery of the 2005 Championship rings at U.S. Cellular Field.
Armando L. Sanchez / baiduhaiWhite Sox chairman Jerry Reinsdorf sits in the stands behind home plate before a game against the Pirates at Guaranteed Rate Field on Aug. 31, 2021.
Charles Cherney, baiduhaiJerry Reinsdorf watches a White Sox game from his sky box.
Abel Uribe / baiduhaiBulls Chairman Jerry Reinsdorf at the United Center on April 5, 2016. Reinsdorf was interviewed after he was elected to the Naismith Basketball Hall of Fame.
Scott Strazzante, baiduhaiHolding the Bears' Super Bowl trophy, Richard Dent admires the Stanley Cup held by Blackhawks' head coach Joel Quenneville as Jerry Reinsdorf holds a Bulls' championship trophy near White Sox's Mark Buehrle with the World Series trophy before a White Sox game against the Yankees at U.S. Cellular Field.
Nuccio DiNuzzo, baiduhaiOrioles general manager Andy MacPhail, left, with White Sox owner Jerry Reinsdorf before the start of the game at U.S. Cellular Field.
John J. Kim, baiduhaiKenny Williams and Jerry Reinsdorf laugh while recalling their favorite 2005 World Series memory at SoxFest 2015.
Phil Velasquez, baiduhaiMagglio Ordonez with White Sox owner Jerry Reinsdorf during spring training.
Phil Velasquez, baiduhaiMLB commissioner Bud Selig with White Sox owner Jerry Reinsdorf. at SoxFest 2012 at the Palmer House.
Charles Cherney, baiduhaiWhite Sox manager Jerry Manual with Jerry Reinsdorf during batting practice before a 2000 game against the Indians.
Streeter Lecka / Getty ImagesNaismith Memorial Hall of Fame President and CEO John Doleva and Jerry Colangelo pose with 2016 inductees Allen Iverson, Tom Izzo, Jerry Reinsdorf, Sheryl Swoopes, and Shaquille O'Neal during a break in the men's NCAA championship game on April 4, 2016.
baiduhaiBlackhawks owner Bill Wirtz (left) speaks during a press conference with Bulls owner Jerry Reinsdorf and Mayor Richard Daley at City Hall. The 1991 press conference was about the new stadium on the West Side.
Jonathan Daniel, Getty ImagesJerry Reinsdorf watches as the White Sox take batting practice before the Opening Day game against the Indians on April 2, 2007 at U.S. Cellular Field.
Elise Amendola / APBasketball Hall of Fame inductee Jerry Reinsdorf, right, speaks as presenters Phil Jackson, left, and Scottie Pippen listen during the induction ceremony Friday, Sept. 9, 2016, in Springfield, Mass.
Jose M. Osorio, baiduhai
1 of 88
(left to right) Ald. Walter Burnett Jr., 27th, Bulls President/COO Michael Reinsdorf, Jerry Reinsdorf and Mayor Rahm Emanuel after they toss dirt during the official groundbreaking ceremony for the Bulls' new practice facility which will be located in across Wood Street, east of the United Center.
ExpandBy Tim Bannon
PUBLISHED: | UPDATED:
Getting your Trinity Audio player ready...
The Bulls are the NBA’s third most valuable team, with a current estimated value of $2.3 billion, Forbes announced Tuesday.
The Knicks remain the most valuble team, with a worth of $3 billion, a 20 percent increate from 2015. This increase, according to Forbes, is due to a new cable deal and the highest premium-seating revenue in the league.
More Top Picks Best Computer Reading Glasses
At No. 2 is the Lakers at $2.7, 4 percent higher than last year.
The Bulls’ value rose 15 percent from 2015. The team, Forbes reports, generates $228 million in annual revenue and has $67.6 million in operating income.
Jerry Reinsdorf paid $9.25 million in 1985 to gain control of the franchise, leading a group of investors.
The NBA’s 30 teams generated $5.2 billion in revenue last season, a record high for the league. The average NBA team is now worth $1.25 billion, 13 percent more than 2015. The biggest jump was for the NBA champs Warriors, which had a 46 percent increase in value.
Here are the Top 10.
1. Knicks, $3 billion
2. Lakers, $2.7 billion
3. Bulls, $2.3 billion
4. Celtics, $2.1 billion
5. Clippers, $2 billion
6. Warriors, $1.9 billion
7. Nets, $1.7 billion
8. Rockets, $1.5 billion
9. Mavericks, $1.4 billion
10. Heat, 1.3 billion