NEW YORK (AP) -- The New York Knicks have surpassed the Los Angeles Lakers as the most valuable team in the NBA, according to Forbes' annual study.
Boosted by renovations to Madison Square Garden, the Knicks' value increased 41 percent to $1.1 billion. The Lakers were second at $1 billion.
The report released Wednesday estimated the average NBA team's value at $509 million, a 30 percent increase from last year.
The Chicago Bulls, Boston Celtics and Dallas Mavericks round out the top five.
The Milwaukee Bucks were the least valuable at $312 million. The Nets' value increased 48 percent to $530 million, ranking ninth, after their move from New Jersey to Brooklyn.
Hanley Ramirez capped a six-hit day with a pair of RBI singles, Yasiel Puig homered to complete a dazzling debut in New York and the Los Angeles Dodgers beat the Yankees 6-0 Wednesday for a split of their day-night...
Hanley Ramirez capped a six-hit day with a pair of RBI singles, Yasiel Puig homered to complete a dazzling debut in New York and the Los Angeles Dodgers beat the Yankees 6-0 Wednesday for a split of their day-night...
Hiroki Kuroda shut down his former team into the seventh inning, Ichiro Suzuki homered and drove in three runs, and the New York Yankees spoiled Don Mattingly's return to the Bronx with a 6-4 victory over the...
Hiroki Kuroda shut down his former team into the seventh inning, Ichiro Suzuki homered and drove in three runs, and the New York Yankees spoiled Don Mattingly's return to the Bronx with a 6-4 victory over the sloppy Los...
Yankees shortstop Derek Jeter has taken on-field batting practice for the first time since being cleared to increase his rehabilitation program for a broken left ankle.
Yankees shortstop Derek Jeter has taken on-field batting practice for the first time since being cleared to increase his rehabilitation program for a broken left ankle.
Wednesday, June 19 2013 8:37 AM EDT2013-06-19 12:37:39 GMT
The cast of an Atlanta sports radio show has been fired after mocking a former NFL player who has Lou Gehrig's disease, a station official said Monday.
The cast of an Atlanta sports radio show has been fired after mocking a former NFL player who has Lou Gehrig's disease, a station official said Monday.
Tuesday, June 18 2013 9:03 PM EDT2013-06-19 01:03:21 GMT
Police in Massachusetts investigating a possible homicide questioned New England Patriots tight end Aaron Hernandez on Monday, according to a Sports Illustrated report.
Police in Massachusetts investigating a possible homicide questioned New England Patriots tight end Aaron Hernandez on Monday, according to a Sports Illustrated report.
Tuesday, June 18 2013 10:05 AM EDT2013-06-18 14:05:52 GMT
They lost three times in three months in one of the most overpowering stretches the NBA has ever seen.Now the Miami Heat have lost three times in five games.
They lost three times in three months in one of the most overpowering stretches the NBA has ever seen.Now the Miami Heat have lost three times in five games.
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