Knicks named most valuable NBA team

Published Add your comment

Football News

For the second straight year the New York Knicks have been named the most valuable franchise in the NBA, according to Forbes annual list.

While the Knicks have been struggling on the court this season, they are still a revenue making machine and worth an estimated $1.4 billion. The New York franchise recorded a record profit of $96m last year, no doubt helped by the renovation undertaken at Madison Sqaure Garden.

Los Angeles Lakers came in just behind the Knicks in second place with a value of $2.35 billion and a not at all bad profit of $66m on the year. Four years of incredible attendances and cutting the playing budget has seen the Chicago Bulls become the third billion dollar team in the NBA and a big money maker. 

The biggest risers were the Brooklyn Nets who clearly profited off the move away from New Jersey and to the Barclays Center. In the two years since the move, the Nets worth has more than doubled, going from the 14th most valuable side at $357m, to number 5 on the list with a worth of $780 million. 

All this financial success must go to David Stern. In his 30 year reign at the head of the NBA, Stern has changed the league from a mediocre league riddled with drug issues, to a global machine that pulls in revenue from all over the world and even playing games to sold out crowds in other countries. 


Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again