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Forbes: Knicks worth $3 billion, NBA revenues at record high
Posted on 2/9/16 at 8:29 am
Posted on 2/9/16 at 8:29 am
LINK
quote:
NEW YORK (AP) — The New York Knicks are worth $3 billion, highest in the NBA, according to Forbes. Forbes said Wednesday in its annual ranking of franchise valuations that the Knicks regained the top spot from the Los Angeles Lakers thanks to a 20 percent value increase from 2015. It says the increase was driven by a new cable deal and the highest premium-seating revenue in the league. The Lakers have a value of $2.7 billion. The Chicago Bulls, Boston Celtics and Los Angeles Clippers rounded out the top five. Forbes says the average NBA team is now worth $1.3 billion, a 13 percent increase from 2015, and the $5.2 billion in revenue teams generated last season was a record for the league.
4
Posted on 2/9/16 at 8:33 am to RedRifle
Porzingis
Posted on 2/9/16 at 8:35 am to RedRifle
Posted on 2/9/16 at 8:49 am to jb4
Another reason to detest the NBA!
Posted on 2/9/16 at 8:50 am to OU812
Posted on 2/9/16 at 8:54 am to RedRifle
Clippers top 5 
Posted on 2/9/16 at 9:01 am to RedRifle
And the owners will be along shortly to tell you that they're hemorrhaging money trying to keep these franchises afloat.
Posted on 2/9/16 at 9:23 am to TotesMcGotes
quote:
And the owners will be along shortly to tell you that they're hemorrhaging money trying to keep these franchises afloat.
"Lockout 6: The Billion Dollar Caper"
Coming Summer 2017; only on NBATV
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