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. Wednesday NBA grades: Kevin Durant ends season exactly like you think he would

    Apr 17, 2014, 2:10 AM EDT

    Kevin Durant Kevin Durant

    On the season Kevin Durant averaged 32 points, seven rebounds and five assists a game. Not too shabby.

  2. Kevin Durant’s game-winning dunk clinches two seed for Thunder (VIDEO)

    Apr 16, 2014, 11:31 PM EDT

    Oklahoma City Thunder v Atlanta Hawks Getty Images

    Kevin Durant was simply unstoppable with the game on the line against the Pistons.

  3. Finally the NBA playoff match ups are set

    Apr 16, 2014, 11:00 PM EDT

    Miami Heat Victory Parade And Rally Getty Images

    The West is loaded with great series: Thunder vs. Grizzlies, Clippers vs. Warriors, Rockets vs. Blazers.

  4. Wagers on season win totals still undecided for four teams heading into final night of NBA season

    Apr 16, 2014, 10:31 PM EDT

    Vegas nailed the lines for season win totals for four NBA teams almost exactly.

  5. NBA announces preliminary schedule for Game 1 of the playoffs

    Apr 16, 2014, 9:14 PM EDT

    Golden State Warriors v San Antonio Spurs - Game Two Golden State Warriors v San Antonio Spurs - Game Two

    The matchups aren’t all set, but this gives us an idea of who plays when as the playoffs open this weekend.

  6. Knicks announce signing of Lamar Odom for remainder of the season

    Apr 16, 2014, 7:48 PM EDT

    odom phil Getty Images

    Knicks make it official and announce they’ve signed Lamar Odom for the remainder of the season.

  7. PBT Extra: Giving out MVP, end of season awards

    Apr 16, 2014, 6:59 PM EDT

    Oklahoma City Thunder vs Miami Heat Getty Images

    Durant and LeBron at the top of the MVP ballot is easy, it’s filling out spots 3-5 that is the challenge.

  8. New Bucks owners say all the right things, that they are committed to Milwaukee

    Apr 16, 2014, 6:15 PM EDT

    Herb Kohl Herb Kohl

    Kohl is going to pitch in $100 million to get a new arena built in Milwaukee.

  9. Arizona State’s Jahii Carson officially declares for NBA Draft

    Apr 16, 2014, 5:15 PM EDT

    Arizona St v Texas Getty Images

    Teams will like his speed, but he’s destined for a second round pick.

  10. Report: Kobe Bryant already vacationing in France as Lakers end ugly season

    Apr 16, 2014, 4:29 PM EDT

    Kobe Bryant

    While the Lakers end their dreary season Kobe Bryant is already on vacation.

  11. Blake Griffin would vote yes on NBA allowing medical marijuana use

    Apr 16, 2014, 3:46 PM EDT

    Blake Griffin AP

    Clippers forward: ‘It doesn’t really affect me, but so many guys would probably benefit’

  12. Mavericks, Grizzlies both motivated to win Wednesday, avoid Spurs in first round

    Apr 16, 2014, 2:49 PM EDT

    Memphis Grizzlies v San Antonio Spurs - Game One Getty Images

    The Spurs have crushed the Grizzlies and Mavericks this season, so those teams are motivated to avoid a trip to the Riverwalk to start the postseason.

  13. 2014 PBT Awards: All-Rookie team

    Apr 16, 2014, 2:14 PM EDT

    Tim Hardaway, Mason Plumlee Tim Hardaway, Mason Plumlee

    First team nearly a clean sweep, but one top teamer didn’t even make other two ballots

  14. Report: Sale of Milwaukee Bucks for record $550 million agreed upon, team to stay in Milwaukee

    Apr 16, 2014, 12:57 PM EDT

    Image (1) Bucks_logo-thumb-250x346-20140.gif for post 4121

    New York based hedge fund billionaires Marc Lasry and Wes Edens are buying the team but keeping it in Wisconsin, they just need to get a new arena built.

Featured video

Woodson, D'Antoni's coaching futures
Top 10 NBA Player Searches
  1. D. Williams (4181)
  2. K. Love (4181)
  3. D. Wade (4099)
  4. L. James (3785)
  5. G. Dragic (3694)
  1. S. Curry (3668)
  2. R. Rondo (3388)
  3. C. Anthony (3370)
  4. D. Howard (3220)
  5. R. Westbrook (3136)