Forbes lists Knicks net worth at $4B, NBA’s most valuable franchise

first_img Pelicans confirm Anthony Davis won’t play before trade deadline The Knicks, despite the worst record in the league, are the most valuable NBA franchise, according to Forbes’ annual list released Wednesday.The franchise is valued at $4 billion, with the Lakers coming in second with a net worth of $3.7 billion. In comparison, the Lakers’ net worth jumped up 12 percent. Rounding out the top five are the Warriors ($3.5 billion), Bulls ($2.9 billion) and Celtics ($2.8 billion).Forbes cited the Knicks’ $1 billion in renovations to Madison Square Garden that was completed in 2013 as a huge source of revenue for the team. According to the report, that helped the Knicks’ value jump 11 percent from the previous year’s assessment. Related News Intrigue with and interest in the Knicks (10-43 this season) could jump again after they traded injured star Kristaps Porzingis with Tim Hardaway Jr. and Courtney Lee to the Mavericks in a huge trade last week that got them Dennis Smith Jr., DeAndre Jordan and Wesley Matthews.Some speculate the move positions the Knicks to acquire not one but two big-ticket free agents this offseason, such as Kevin Durant and Kyrie Irving.According to Forbes’ report Wednesday, the average NBA team is worth $1.9 billion, up 13 percent from last year.last_img read more