The New York Knicks have taken advantage of the Los Angeles Lakers' dip in form over recent seasons to reclaim the title of most valuable NBA team.
That's according to the latest findings of Forbes magazine who, publishing the results of their research this week, described the current influx of money into the league as "slam-dunk days for NBA owners."
Indeed, while the Knicks rank as the most valuable in the league at $3 billion, Forbes claims that the average value of a franchise has jumped an impressive 13-percent since this time last year to $1.25 billion.
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The Knicks' spot at number is thanks in part to the "highest premium-seating revenue in the league at almost $90 million," and a new 20-year deal with Madison Square Garden Company that is worth $100 million for the 2015-16 season.
With their $3 billion valuation, only the Dallas Cowboys ($4 billion), New York Yankees ($3.2 billion) and New England Patriots ($3.2 billion) are worth more in the U.S. sports market.
The Lakers, meanwhile, have fallen to second despite being the most profitable team in the league, per Forbes.
Their valuation of $2.7 billion is, though, still $400,000 million more than the Chicago Bulls in third place.
The New Orleans Pelicans are the 30th most valuable franchise, worth $650 million.
The top 10 is as follows:
1 - New York Knicks - $3 billion
2 - Los Angeles Lakers - $2.7 billion
3 - Chicago Bulls - $2.3 billion
4 - Boston Celtics - $2.1 billion
5 - Los Angeles Clippers - $2 billion
6 - Golden State Warriors - $1.9 billion
7 - Brooklyn Nets - $1.7 billion
8 - Houston Rockets - $1.5 billion
9 - Dallas Mavericks - $1.4 billion
10 - Miami Heat - $1.3 billion