It’s a good day to be Joshua Harris and his consortium of strange-bedfellowed owners. Their team is worth $100 million more this year than it was last year. They’re now valued at $800 million, according to Forbes’ annual valuations.

Forbes estimated the Sixers to be worth $700 million last year – flat compared to 2015 – ranking them 28th in the league. This year, they’ve jumped up to 25th, but had the sixth largest increase in valuation in the league, 14%, behind the Warriors (37%!), Bucks, Kings, Pelicans and Raptors, despite having the lowest estimated revenue at only $140 million. This all makes Harris and Co.’s $287 million purchase of the team in 2011 one hell of a deal and Harris ONE HELL OF A MODEL AMERICAN:

Ace

Or something.

Team values are largely tied to national broadcast rights deals and market (the top seven teams include two teams from New York, two teams from LA, the Warriors, Celtics and Bulls). The fact that the Sixers, playing in the fourth largest media market, behind New York, LA and Chicago, are so low is partly indicative of just how bad the franchise has been for decades. They also don’t own “The Center,” which creates its own unique challenges:

The Sixers are tenants at Wells Fargo Center, which is owned by Comcast, parent of the building’s other tenant, the NHL’s Flyers. So the basketball team cannot sell naming rights to the building and must come up with other ways to generate sponsorship revenue. Example: the team signed five founding partners for its practice facility instead of selling traditional naming rights to their new $82 million facility. Toyota, NovaCare, Kimball Office, Virtua Health System and NFI Industries all signed on for at least five years. The Sixers also became the first NBA team to ink a jersey sponsorship deal when it partnered with StubHub in May with a three-year deal worth $5 million annually.

But, if the Sixers do turn a corner, host one or two superstars, and turn into a formidable powerhouse, you can expect their value to skyrocket. And if not? Oh well, Harris and Co. can flip the team and will have returned at least a 170% return or thereabouts on their investment in less than 10 years. Not bad!