Skip to content

Knicks most valuable NBA franchise, worth $1.4 billion according to Forbes

Jan 22, 2014, 1:27 PM EDT

Madison Square Garden Getty Images

A more favorable Collective Bargaining Agreement for the owners coupled with a crop of young stars increasing television ratings has been good for NBA owners.

Franchise valuations are up. Way up. Setting record levels up. Up 25 percent on average over a year ago up. The average team made a profit of $23.7 million.

And you wonder why the owners are so loyal to David Stern.

Those figures are from Forbes Magazine, which released its annual report on franchise values Wednesday. While the magazine’s assessment is admittedly somewhat flawed, until the NBA owners decide to open their books up to the public (good luck with that) this is the best we have.

At the top of the list money-making list is the New York Knicks, which in a renovated Madison Square Garden is worth a record $1.4 billion, according to Forbes. Because the renovated building is drawing in more money than expected, the Knicks had a league-record profit for the 2012-13 season of $96 million, the magazine estimates.

The Lakers are just half a step back of the Knicks in franchise value at $1.35 billion, reports Forbes, and the team turned a tidy $66 million profit, according to the magazine. The main reason for all the cash is the massive $3.6 billion local television deal they struck with Time Warner Cable.

The rest of the top 10 are the Chicago Bulls ($1 billion), the Boston Celtics ($875 million), the Brooklyn Nets ($780 million), the Houston Rockets ($775 million), the Miami Heat ($770 million), the Dallas Mavericks ($760 million), the Golden State Warriors ($750 million), and the San Antonio Spurs ($660 million).

The bottom five are the Minnesota Timberwolves ($430 million, and they operated at a $2.7 million loss last season according to Forbes), the Atlanta Hawks ($425 million), the New Orleans Pelicans ($420 million), the Charlotte Bobcats ($410 million), and the Milwaukee Bucks ($405 million).

Latest Posts
  1. 67RIEFNS: Lance Stephenson on the loose

    Oct 25, 2014, 2:00 PM EDT

    Charlotte Hornets vs Philadelphia 76ers Charlotte Hornets vs Philadelphia 76ers

    Is Stephenson ready for responsibility that comes with going from Pacers to Hornets?

  2. Report: Cavaliers have had ‘zero discussion’ on contract extension with Tristan Thompson

    Oct 25, 2014, 11:00 AM EDT

    Tristan Thompson Tristan Thompson

    It might be because short of an insane offer of a max deal, Thompson would rather take his chances as a restricted free agent next summer.

  3. Kings’ Ray McCallum sinks put-back at the buzzer to beat Lakers

    Oct 25, 2014, 9:30 AM EDT

    Ray McCallum AP

    Nice job of McCallum to stay active on a play where he had already missed a shot.

  4. 67RIEFNS: Isaiah Thomas vs. Sacramento Kings

    Oct 25, 2014, 8:00 AM EDT

    Los Angeles Clippers v Sacramento Kings Los Angeles Clippers v Sacramento Kings

    Will Thomas make Kings regret choosing Darren Collison over him?

  5. Thunder’s Anthony Morrow to miss 4-6 weeks with knee sprain

    Oct 25, 2014, 12:01 AM EDT

    Grizzlies vs Thunder Grizzlies vs Thunder

    Thunder will be very short-handed the first month of the regular season.

  6. Player intentionally makes shot in own basket in attempt to force overtime

    Oct 24, 2014, 10:00 PM EDT

    And it was probably the smartest possible play

  7. 67RIEFNS: K.J. McDaniels testing the second-round system

    Oct 24, 2014, 9:00 PM EDT

    2014 NBA Rookie Photo Shoot Getty Images

    76ers forwent any guaranteed salary to hit free agency sooner

  8. Why I am going to miss Steve Nash

    Oct 24, 2014, 3:50 PM EDT

    steve-nash-getty Getty Images

    Nash was everything we want as a fan in an NBA player.

  9. 67RIEFNS No. 34: JaVale McGee doing JaVale McGee things

    Oct 24, 2014, 2:50 PM EDT

    Denver Nuggets Media Day Denver Nuggets Media Day

    The NBA is full of talent, personality and suspense. During the offseason, It’s easy to forget how wonderful the league can be. So, I’ve assembled 67 Reasons I’m Excited For Next Season (67RIEFNS). They’ll be presented in no particular order. JaVale McGee played just five games last year after injuring his leg. How did we…

  10. 67RIEFNS No. 33: Emotional swings of Roy Hibbert

    Oct 24, 2014, 1:07 PM EDT

    Indiana Pacers Media Day 2014 Indiana Pacers Media Day 2014

    Pacers center filling huge role after last season’s great start, big collapse

Featured video

Heat can make playoffs without LeBron
Top 10 NBA Player Searches
  1. K. Bryant (4840)
  2. B. Lopez (4834)
  3. V. Oladipo (4785)
  4. N. Noel (4618)
  5. J. Lin (4556)