Knicks Are NBA's Highest Valued Team

Knicks Are NBA's Highest Valued Team

The average franchise, Forbes says, is now worth $1.65 billion, which is more than three times what the average value was five years ago ($634 million in 2014). The New York Knicks, despite their lack of success and off-court issues, is atop the list with an estimate value of $3.6 billion. Despite the Knicks likely headed for a fifth straight losing season, the team has increased 9% in value from last season.

James Dolan's Knicks are valued at a record $3.6 billion.

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The team with the highest year-over-year bump in value was the Houston Rockets, which were up 33 percent to $2.2 billion - the agreed price paid for the team by billionaire Tilman Fertitta in October. For the first time, the average team is now worth over a billion dollars ($1.65 billion) a 22 percent increase from past year.

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In 1991, the Warriors were the 18th-most-valuable National Basketball Association franchise at $50 million ($91 million in today's dollars). Other notable risers include the Sacramento Kings ($1.375 billion), Detroit Pistons ($1.1 billion) and Milwaukee Bucks ($1.075 billion), who have all received boosts from new arenas.

Forbes attributed the growth in franchise values league-wide to a variety of factors: the NBA's worldwide media and marketing growth in China and elsewhere; the start of a new national TV contract in the USA with "three times the worth of the previous deal on an annual basis"; new corporate logos on jerseys; and others. "The product is excellent, and interest in basketball around the world continues to flourish".

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