Click here to Skip to main content
LATEST HEADLINES - NBA NEWS

Forbes: Knicks most valuable NBA team again


Posted Dec 3 2008 6:18PM

NEW YORK (AP) -- 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 $613 million, according to Forbes' latest rankings, an increase of 1 percent over their 2007 value. Throughout the past year, the franchise has made many headlines off the court, ranging from former team president Isiah Thomas being found guilty in a sexual harassment lawsuit to guard Stephon Marbury's feud with management and coach Mike D'Antoni.

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

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

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

Also showing a huge increase are the NBA champion Boston Celtics, up to $447 million from $391 million.

The biggest drop in value hit the New Jersey Nets, who fell 13 percent to $295 million, 26th overall. The Nets have had delays in their plans to build and move into a new arena in Brooklyn.

Below the Nets are the Memphis Grizzlies ($294 million), New Orleans Hornets ($285 million), Charlotte Bobcats ($284 million) and Milwaukee Bucks ($278 million).

The average team value is $379 million.

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

SEARCH NEWS
LATEST VIDEOS
photoRaptors vs. Pacers Series Recap
It took seven games, but Toronto topped Indiana and the Raptors earned their first series win since 2001.
photoThe Best 360s of the 2015-2016 NBA Season
Check out the amazing 360 aerial acrobatic dunks and layups from around the league during the 2015-2016 season.
photoHeat vs. Hornets Series Recap
The Heat and Hornets battled through seven games before Miami won to advance to the Eastern semifinals.
photoTop Of The Hour
Rick Kamla has your latest news and notes from around the Association.
photoAll-Access: Heat Advance
Here's an all-access look as the Heat defeat the Hornets in Game 7 of the first round of the Playoffs.

Copyright © NBA Media Ventures, LLC. All rights reserved. No portion of NBA.com may be duplicated, redistributed or manipulated in any form. By accessing any information beyond this page, you agree to abide by the Privacy Policy / Your California Privacy Rights and Terms of Use. | Ad Choices Ad Choices

NBA.com is part of Turner Sports Digital, part of the Turner Sports & Entertainment Digital Network.