The Knicks have not made the playoffs since 2013 but their value rose to $4 billion, up 11 percent from a year ago, due to a series of new revenue streams made possible by a renovation to Madison Square Garden. The Los Angeles Lakers ($3.7 billion), reigning NBA champion Golden State Warriors ($3.5 billion), Chicago Bulls ($2.9 billion) and Boston Celtics ($2.8 billion) rounded out the top five, Forbes said in a statement. The Cleveland Cavaliers, faced with a long-term rebuild after losing three-time NBA champion LeBron James to free agency last offseason, were the only franchise to lose money on an operating basis and decrease in value.
NY Knicks retain top spot as most valuable NBA team: Forbes
Published February 6, 2019 at 1:50 PM
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