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Forbes: NBA teams worth $2.12 billion on average

Knicks rank No. 1 at $4.6 billion, while Lakers jump to $4.4 billion

The New York Knicks are worth $4.6 billion, making them the most valuable NBA team for the fifth straight year, according to Forbes.

In their annual rankings, Forbes said franchise values across the league have risen 14% over the past year to reach an average value of $2.12 billion.

The Los Angeles Lakers come in second in the rankings with a value of $4.4 billion. Rounding out the top five are the Golden State Warriors ($4.3 billion), Chicago Bulls ($3.2 billion) and Boston Celtics ($3.1 billion).

The reigning champion Toronto Raptors saw the largest year-over-year increase with their franchise value rising 25% to $2.1 billion.