Caitlin Clark has quadrupled the Fever’s value in 18 months originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
The numbers are in, and Caitlin Clark’s financial impact on the Indiana Fever can be quantified.
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A new Forbes year-end list ranking the most valuable women’s sports franchises in the world ranks the Fever at No. 2.
Before Clark was drafted first overall in 2024, the Fever’s franchise value was estimated at around $90 million. Indiana had missed the playoffs in seven consecutive seasons and posted just one winning season since claiming the WNBA championship in 2012.
A dismal 5-31 record in 2022 saw the Fever earn the No. 1 pick in the 2023 WNBA Draft, which the franchise used on Aliyah Boston, who is now a three-time All-Star. In 2024, the Fever won the top pick again, earning the right to take Clark.
Fast-forward to the end of 2025, and the Fever have made consecutive playoff appearances — including a WNBA semifinal berth, without the injured Clark, last season. The franchise — which, like the NBA’s Pacers, is owned by Herb Simon — is now worth $370 million, $60 million more than the 2025 WNBA champion Las Vegas Aces.
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Only the New York Liberty, WNBA champions in 2024, are worth more with their estimated value of $400 million.
Clark was limited to just 13 games in 2025 as she nursed multiple nagging injuries, but that did not stop the Fever’s financial surge.
Moreover, Clark participated fully in a USA Basketball camp in Durham, N.C., last weekend, as she hopes to earn a spot on the national team before the FIBA Women’s Basketball World Cup in Germany next September.
