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New York Knicks Top Forbes List Of Most Valuable NBA Franchises

Posted by , Feb 15, 2017 at 02:13pm
  3.1K Views
Knicks most valuable for the 2nd straight year.

Today Forbes released their annual list of the NBA's most valuable franchises and sitting in the #1 spot is the team that has been in the spotlight all week for all the wrong reasons. Yes, of course it's the New York Knicks.

Per Forbes' Kurt Badenhausen:

"The Knicks are the NBA’s most valuable team for the second straight year, worth $3.3 billion, up 10% over last year."

"The Knicks have been shut out of the playoffs since 2013, but they are reaping the rewards of a $1 billion renovation of Madison Square Garden, which produced new revenue opportunities from sponsorships and seating. The team turned an NBA-record operating profit of $141 million last season despite a 32-50 tally on the hardwood. It was the first season of the team’s new local cable deal with MSG, which paid $100 million in year one."

James Dolan's Knicks are valued at $3.3 billion making them the most valuable NBA franchise ahead of the Lakers, valued at $3 billion.

The Golden State Warriors have a projected worth of $2.6 billion, followed by the Chicago Bulls at $2.5 billion and the $2.2 billion Boston Celtics rounding out the Top-5 most valuable NBA franchises.

In total, 18 of the 30 teams are now worth at least $1 billion with an average worth of $1.36 billion.

Check out the full list below.

1. New York Knicks ($3.3 billion)

2. Los Angeles Lakers ($3 billion)

3. Golden State Warriors ($2.6 billion)

4. Chicago Bulls ($2.5 billion)

5. Boston Celtics ($2.2 billion)

6. Los Angeles Clippers ($2 billion)

7. Brooklyn Nets ($1.8 billion)

8. Houston Rockets ($1.65 billion)

9. Dallas Mavericks ($1.45 billion)

10. Miami Heat ($1.35 billion)

11. Cleveland Cavaliers ($1.2 billion)

12. San Antonio Spurs ($1.175 billion)

13. Toronto Raptors ($1.125 billion)

14. Phoenix Suns ($1.1 billion)

15. Sacramento Kings ($1.075 billion)

16. Portland Trail Blazers ($1.05 billion)

17. Oklahoma City Thunder ($1.025 billion)

18. Washington Wizards ($1 billion)

19. Orlando Magic ($920 million)

20. Utah Jazz ($910 million)

21. Detroit Pistons ($900 million)

22. Denver Nuggets ($890 million)

23. Atlanta Hawks ($885 million)

24. Indiana Pacers ($880 million)

25. Philadelphia 76ers ($800 million)

26. Memphis Grizzlies ($790 million)

27. Milwaukee Bucks ($785 million)

28. Charlotte Hornets ($780 million)

29. Minnesota Timberwolves ($770 million)

30. New Orleans Pelicans ($750 million)

New York Knicks Top Forbes List Of Most Valuable NBA Franchises

Kyle Rooney
Feb 15, 2017 at 02:13pm
3.1K Views

Knicks most valuable for the 2nd straight year.

Today Forbes released their annual list of the NBA's most valuable franchises and sitting in the #1 spot is the team that has been in the spotlight all week for all the wrong reasons. Yes, of course it's the New York Knicks.

Per Forbes' Kurt Badenhausen:

"The Knicks are the NBA’s most valuable team for the second straight year, worth $3.3 billion, up 10% over last year."

"The Knicks have been shut out of the playoffs since 2013, but they are reaping the rewards of a $1 billion renovation of Madison Square Garden, which produced new revenue opportunities from sponsorships and seating. The team turned an NBA-record operating profit of $141 million last season despite a 32-50 tally on the hardwood. It was the first season of the team’s new local cable deal with MSG, which paid $100 million in year one."

James Dolan's Knicks are valued at $3.3 billion making them the most valuable NBA franchise ahead of the Lakers, valued at $3 billion.

The Golden State Warriors have a projected worth of $2.6 billion, followed by the Chicago Bulls at $2.5 billion and the $2.2 billion Boston Celtics rounding out the Top-5 most valuable NBA franchises.

In total, 18 of the 30 teams are now worth at least $1 billion with an average worth of $1.36 billion.

Check out the full list below.

1. New York Knicks ($3.3 billion)

2. Los Angeles Lakers ($3 billion)

3. Golden State Warriors ($2.6 billion)

4. Chicago Bulls ($2.5 billion)

5. Boston Celtics ($2.2 billion)

6. Los Angeles Clippers ($2 billion)

7. Brooklyn Nets ($1.8 billion)

8. Houston Rockets ($1.65 billion)

9. Dallas Mavericks ($1.45 billion)

10. Miami Heat ($1.35 billion)

11. Cleveland Cavaliers ($1.2 billion)

12. San Antonio Spurs ($1.175 billion)

13. Toronto Raptors ($1.125 billion)

14. Phoenix Suns ($1.1 billion)

15. Sacramento Kings ($1.075 billion)

16. Portland Trail Blazers ($1.05 billion)

17. Oklahoma City Thunder ($1.025 billion)

18. Washington Wizards ($1 billion)

19. Orlando Magic ($920 million)

20. Utah Jazz ($910 million)

21. Detroit Pistons ($900 million)

22. Denver Nuggets ($890 million)

23. Atlanta Hawks ($885 million)

24. Indiana Pacers ($880 million)

25. Philadelphia 76ers ($800 million)

26. Memphis Grizzlies ($790 million)

27. Milwaukee Bucks ($785 million)

28. Charlotte Hornets ($780 million)

29. Minnesota Timberwolves ($770 million)

30. New Orleans Pelicans ($750 million)

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