Knicks Top Forbes List

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Breaking the Bank

New York Knicks Ranked Forbes Top Valued NBA Franchise

Soaring local media deals, new arena upgrades and basketball’s increased international popularity continues to push the value of NBA franchises higher. The average NBA team is worth $1.9 billion, up 13% from last year. This is an astounding number, especially when compared to other American professional sports leagues.

The NBA is by far the en voguesports league right now. Look no further than this past weekend: The NFL should command all attention during Super Bowl week, yet NBA trade talk surrounding Anthony Davis and Kristaps Porzingis dominated sports fans’ imaginations and social media feeds.

In terms of the list, as poor as they’ve been on the court, the New York Knicks, at $4 billion, remain the NBA’s most valuable franchise for a fourth straight year, according to Forbes.

The Knicks value increased 11% from last year, as Forbes cited the Knicks $1 billion renovation to Madison Square Garden in 2013, the team’s local cable deal and premium prices for tickets, suites and sponsorships as reasons for their ability to stay at the top of the NBA list.

The Lebron James-led Lakers are second on the list with a net worth of $3.7 billion, up 12% from last year. The Warriors ($3.5 billion), Bulls ($2.9 billion) and Celtics ($2.8 million) round out the top five.

Here is the top 10:

  • Knicks ($4 billion)
  • Lakers ($3.7 billion)
  • Warriors ($3.5 billion)
  • Bulls ($2.9 billion)
  • Celtics ($2.8 billion)
  • Nets ($2.3 billion)
  • Rockets ($2.2 billion)
  • Clippers ($2.15 billion)
  • Mavericks ($1.9 billion)
  • Heat ($1.7 billion)

The Raptors sit just below the Heat in 11thplace, with a value of $1.67 billion.

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