The New York Knicks have been an utter disgrace over the last two decades but the franchise still ranks as the most valuable of all 30 NBA teams.
According to Forbes, the Knicks are valued at $4 billion, making James Dolan's team the most valuable for the fourth-straight year.
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Furthermore, Forbes reports that the Knicks are tied with the New York Yankees as the second-most-valuable U.S. sports franchises, trailing only the Dallas Cowboys, which is worth $5 billion.
After the Knicks in the NBA, it's the Los Angeles Lakers (valued at $3.7 billion), Golden State Warriors ($3.5 billion), Chicago Bulls ($2.9 billion) and Boston Celtics ($2.8 billion). Worth noting, Peter Guber and Joe Lacob bought the Warriors for $450 million in 2010.
According to Forbes, the average NBA franchise is worth $1.9 billion, up 13% over last year and three times the level of five years ago.
Per Forbes:
"Total NBA revenue hit $8 billion last season, up 8.5%. In addition to the gains from TV and arena renovations, teams reaped the rewards of the NBA’s logo patch sponsorships. The three-year trial program started with the 2017-18 season, and every team except the Oklahoma City Thunder has a deal in place, at an annual rate of between $4 million and $20 million."
"In addition to being the lone team to lose money, the Cavaliers were the only one that declined in value. The team is worth $1.28 billion, down 4% from last year."
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