Print

Mail

wiki links

Knicks remain most valuable NBA team

For the fourth straight year, and despite front office and player turmoil, the New York Knicks are the NBA’s most valuable team.

The Knicks are worth US$613 million, Forbes’ latest rankings show, an increase of 1 percent over their value last year.

For the fourth consecutive year, the Los Angeles Lakers are ranked second by Forbes, at US$584 million, up from US$560 million.

Rounding out the top five are the Chicago Bulls at US$504 million, the Detroit Pistons at US$480 million and the Cleveland Cavaliers at US$477 million.

The biggest change in value belongs to the Portland Trail Blazers, who increased by 21 percent to US$307 million. They still rank only 20th out of 30 franchises.

Also showing a huge increase are the NBA champion Boston Celtics, up to US$447 million from US$391 million. The biggest drop in value hit the New Jersey Nets, who fell 13 percent to US$295 million, 26th overall.

Below the Nets are the Grizzlies at US$294 million, the Hornets at US$285 million, the Bobcats at US$284 million and the Bucks at US$278 million).

The average team value is US$379 million.

Forbes also ranked the value of franchises in the other major pro sports this year. The Dallas Cowboys topped the NFL at more than US$1.6 billion, the New York Yankees led baseball at over US$1.3 billion and the Toronto Maple Leafs led the NHL at US$448 million.
This story has been viewed 616 times.