Knicks highest valued National Basketball Association team, LeBron James highest paid player
Feb 16 2017
Franchise values show the Knicks being worth $3.3 billion, followed by the Los Angeles Lakers at $3 billion.
The Warriors came in at third, valued at $2.6 billion, behind only the New York Knicks ($3.3 billion) and Los Angeles Lakers ($3 billion).
But the poor form and off-court soap operas have done nothing to diminish the Knicks' money-spinning value, according to Forbes.
The Knicks are languishing in the bottom half of the Eastern Conference after a 23-33 start to the season which last week saw former star Charles Oakley banned from attending home games by team owners. The magazine says that the Bulls made a profit of $45.5 million last season, and that the team raked in $232 million in total revenue.
The Warriors' value was put at $2.6 billion, a 37% increase from 2016, a spike attributed to surging ticket and sponsorship revenues. The team also broke ground on a new $1 million arena set to open for the 2019-20 season and secured another $300 million in naming rights from Chase.
The Golden State Warriors current value of $2.6 billion jumped 37 percent compared to this time past year, marking the largest vault in the association - by a lot.
The two teams that sit atop the NBA's list of the most valuable franchises won't surprise anyone that understands markets, but would surprise those that simply value wins and losses. While winning their first National Basketball Association championship, the Cavaliers lost $40 million for the season - the fifth-biggest loss in National Basketball Association history - largely due to $185 million being spent in total player costs.