Golden State Warriors President and Chief Operating Officer Rick Welts discusses an array of topics related to the defending National Basketball Association champions, including the team's plan for a new arena in San Francisco (the Chase Center), and what the franchise is worth today. Welts, who oversees all business-related activity for the team, also discusses how the business and basketball sides of the franchise work in concert.

Prior to joining the Warriors in 2011, Welts spent nine years with the Phoenix Suns, the last two as president and CEO. Before that, he spent 17 years at the NBA office, rising to become third in command as chief marketing officer and president of NBA properties. In 2011, in a front page story in the New York Times, Welts became the highest-ranking executive in men's professional team sports to publicly acknowledge he is gay.

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Already NBA's Best, Warriors Poised for Business Boost