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. Rockets show it’s better to have James Harden than to not have Stephen Curry

    May 25, 2015, 11:59 PM EDT

    Getty Images Getty Images

    MVP runner-up shines while MVP misses substantial portion of Houston’s Game 4 win

  2. Danny Ainge consulted with Celtics’ guard Isaiah Thomas about potential free agents

    May 25, 2015, 10:30 PM EDT

    Isaiah Thomas AP

    It’s a sign Thomas may be around for a little bit.

  3. NBA will not move up Finals start date; June 4 locked in for Game 1

    May 25, 2015, 7:30 PM EDT

    Miami Heat Victory Parade And Rally Getty Images

    The league had been exploring moving Game 1 up to June 2.

  4. LeBron James calls for non-violence after Brelo verdict

    May 25, 2015, 4:30 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptfhodazn2mxnwvmm2zknmq1mdljytayytg0mtuynwi4 AP

    Cavaliers star says he will research case further before saying more

  5. Rumor: Paul Pierce might opt out of contract with Wizards, join Clippers

    May 25, 2015, 2:59 PM EDT

    Atlanta Hawks v Washington Wizards-Game Six Getty Images

    Doc Rivers decided to offer his mid-level exception money last summer to Spencer Hawes instead of Pierce. He’d like that one over.

  6. LeBron James carries load, makes enough plays in Cavaliers win (VIDEO)

    May 25, 2015, 8:00 AM EDT

    Atlanta Hawks v Cleveland Cavaliers - Game Three Getty Images

    LeBron finished with 37 points, 18 rebounds and 13 assists .

  7. Al Horford ejected after elbow to Matthew Dellavedova’s shoulder (VIDEO)

    May 24, 2015, 9:46 PM EDT

    Al Horford Al Horford

    A trend is becoming clear: Do not mess with Dellavedova.

Featured video

Will Klay Thompson get a little help on James Harden?
Top 10 NBA Player Searches
  1. K. Irving (6380)
  2. K. Love (5403)
  3. D. Howard (5165)
  4. S. Curry (5067)
  5. D. Carroll (4212)
  1. L. James (4170)
  2. K. Bryant (3507)
  3. P. Beverley (3420)
  4. K. Durant (3386)
  5. K. Korver (3354)