Skip to main content
Main content
NBA news

Knicks surpass Lakers as most valuable team in Forbes' study


Posted Jan 23, 2013 1:24 PM

New York (AP) -- The New York Knicks have surpassed the Los Angeles Lakers as the most valuable team in the NBA, according to Forbes' annual study.

Boosted by renovations to Madison Square Garden, the Knicks' value increased 41 percent to $1.1 billion. The Lakers were second at $1 billion.

The report released Wednesday estimated the average NBA team's value at $509 million, a 30 percent increase from last year.

The Chicago Bulls, Boston Celtics and Dallas Mavericks round out the top five.

The Milwaukee Bucks were the least valuable at $312 million. The Nets' value increased 48 percent to $530 million, ranking ninth, after their move from New Jersey to Brooklyn.

SEARCH NEWS
LATEST VIDEOS
photoThrough The Lens: USAB Practice
Watch the USA Basketball practice as they prepare to play Finland through the slow-motion phantom cam.
photoUSAB: Stephen Curry And Anthony Davis
Stephen Curry and Anthony Davis address the media as they prepare to play Finland.
photoUSAB: Coach K On Playing Finland
Coach Mike Krzyzewki addresses the media as USA Basketball prepares to play Finland.
photoUSAB: Coach K Interview
Coach Mike Krzyzewksi speaks on the USA's team identity and being "worthy of winning".
photoNBA Rooks: Nik Stauskas' Summer
Sacramento Kings rookie Nik Stauskas talks about getting his career off to a good start as a Las Vegas Summer League champion.