On-court success is the ultimate goal for every NBA team, but as evidenced by Forbes' latest listing of the league's most valuable franchises, winning and profitability don't necessarily go hand in hand.
According to Kurt Badenhausen of Forbes, the New York Knicks are the NBA's most valuable team with a net worth of $3 billion, while the Los Angeles Lakers and Chicago Bulls trail closely behind at $2.7 billion and $2.3 billion, respectively.
Here is a look at the rest of the top 10, which features the reigning NBA champion Golden State Warriors in the No. 6 spot at $1.9 billion:
Per Badenhausen, the Knicks moved up from No. 2 to No. 1 due largely to a new television contract. They were far from the only ones to receive a bump since last year, though, as the average NBA franchise is currently worth $1.25 billion, which is a 13 percent increase from the 2014-15 campaign.
The Knicks currently boast a record of 21-22, and they are coming off a season in which they won just 17 games. The Lakers are the Western Conference's worst team this season at 9-34, and they haven't enjoyed a winning se ...
Read Full Article at Bleacher Report - NBA
Article written by Mike Chiari
Knicks, Lakers, Bulls Top Forbes’ List of NBA’s Most Valuable Teams
January 20th, 2016 by Mike Chiari Leave a reply »
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