Forbes: Knicks most valuable NBA team - Los Angeles News | FOX 11 LA KTTV

Forbes: Knicks most valuable NBA team

Posted: Updated:

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.

  • Sports NewsSports NewsMore>>

  • U.S. Open preview

    U.S. Open preview

    Friday, August 22 2014 4:52 PM EDT2014-08-22 20:52:40 GMT
    Heading into the U.S. Open, Roger Federer, Rafael Nadal, Novak Djokovic and Andy Murray have won 36 of the past 38 Grand Slam titles, a stretch dating to the 2005 French Open. Nowadays, there seems to be a growing sense — or hope, maybe — among the best of the rest on the men's tennis tour that the quartet might be more vulnerable than ever.
    Heading into the U.S. Open, Roger Federer, Rafael Nadal, Novak Djokovic and Andy Murray have won 36 of the past 38 Grand Slam titles, a stretch dating to the 2005 French Open. Nowadays, there seems to be a growing sense — or hope, maybe — among the best of the rest on the men's tennis tour that the quartet might be more vulnerable than ever.
  • Brooklyn Nets Kids Dance Team auditions

    Brooklyn Nets Kids Dance Team auditions

    Thursday, August 21 2014 10:26 PM EDT2014-08-22 02:26:39 GMT
    Out of over 500 hopefuls only a handful will join the Brooklyn Nets Kids Dance Team. The Nets held auditions this week at LIU Brooklyn. Adorable Bronx native Arielle was turned away last year but this time around she's made it through to the final round of the auditions. But even those who were on the team last year still have to try out.
    Out of over 500 hopefuls only a handful will join the Brooklyn Nets Kids Dance Team. The Nets held auditions this week at LIU Brooklyn. Adorable Bronx native Arielle was turned away last year but this time around she's made it through to the final round of the auditions. But even those who were on the team last year still have to try out.
  • Chris Rock gets foul ball at Yankees game

    Chris Rock gets foul ball at Yankees game

    Thursday, August 21 2014 10:03 PM EDT2014-08-22 02:03:11 GMT
    Chris Rock almost made the play of the day at Yankee Stadium. Instead, the comedian wound up with a nice prize -- a foul ball that nearly landed in his lap during Thursday's game between the Houston Astros and New York Yankees.
    Chris Rock almost made the play of the day at Yankee Stadium. Instead, the comedian wound up with a nice prize -- a foul ball that nearly landed in his lap during Thursday's game between the Houston Astros and New York Yankees.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices