Stern: Nets could be top 5 revenue team

The Nets could be making big bucks in Brooklyn, according to NBA commissioner David Stern.

According to Bloomberg, Stern believes that the Nets will have one of the top "five or six" revenues in the league this season.

"The Nets have these wonderful tent-pole sponsorships, they’re doing spectacularly in their season-ticket sales and they have retained a team that, in reading about it, looks like they’re going to compete," Stern said at a Bloomberg Sports Summit.

The team is now worth $575 million, 60 percent more than its $357 million valuation last season in Forbes' annual rankings.