The valuation of the Golden State Warriors has gone up by more than 367 percent from their last valuation, according to a new report by Forbes.

Back in 2010, the team was purchased by Joe Lacob, Peter Guber, and assorted other partners for $450 million. Today, however, the value of the Warriors franchise has grown exponentially and is now at $3.5 billion.

Per Forbes:

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“The Golden State Warriors are leaving Oracle Arena, the NBA’s oldest building, next season for the $1 billion Chase Center. The reigning league champs have secured $2 billion in contractually obligated income from sponsorships, suites and season ticket holder fees for the new arena. Look for the Warriors to challenge the Knicks as the NBA’s leading revenue generator.

What's also interesting is that, according to this same valuation, the team is the third-most valuable team in the NBA, behind only the New York Knicks and Los Angeles Lakers.

The Knicks, despite their struggles and poor performance in recent years, still lead the league with a $4 billion valuation. However, that's thanks in large part to their $1 billion renovation to Madison Square Garden and local cable deal with MSG that is worth more than $100 million a year. On the other hand, the Lakers are at $3.7 billion