Sportico spoke to more than 30 people inside and around the WNBA over the past six weeks to gauge the value of the 12 existing franchises. In most cases, we traded candor for anonymity with bankers, investors, owners and team executives, so people could share freely on why every franchise is worth “at least $100 million” to “I would never invest in one of these teams.” The average team is worth an estimated $96 million, led by the Aces, Seattle Storm ($135 million) and New York Liberty ($130 million). The Atlanta Dream, who play in a 3,500-seat arena, represent the current floor at $55 million. The teams are collectively worth $1.16 billion, including real estate and assets related to the franchises, such as practice facilities.