NEW YORK — The ny Knicks are worth $4 billion, making them probably the most valuable NBA team for its fourth straight year, according to Forbes. That’s despite having the worst record among the league’s 30 teams.
In its annual rankings, Forbes reported that the Knicks’ value rose 11 per cent from a year ago for a $1 billion renovation of Madison Square Garden, completed in 2013, which has produced a series of new revenue flows.
The Knicks, who include a starting lineup with three new players acquired at the Kristaps Porzingis commerce, lost in the home Tuesday night to get a franchise-record 15 th straight game. They began Wednesday with a 10-43 record.
Forbes says that the la Lakers remain in second place with a worth of $3.7 billion, up 12 per cent.
The typical NBA team will probably be currently worth $1.9 billion, up 13 per cent from last year.