Forbes: Knicks surpass Lakers as NBA's most valuable team

Posted: January 24, 2013

The New York Knicks have surpassed the Los Angeles Lakers as the most valuable team in the NBA, according to Forbes' annual study.

Boosted by renovations to Madison Square Garden, the Knicks' value increased 41 percent to $1.1 billion. The Lakers were second at $1 billion.

The report, released Wednesday, estimated the average NBA team's value at $509 million, a 30 percent increase from last year.

The Chicago Bulls, Boston Celtics, and Dallas Mavericks round out the top five. The 76ers were valued 20th at $418 million with a loss of $800,000 from last season.

The List

Values of NBA team according to Forbes.com:

1. New York Knicks, value: $1.1 billion; profit: $83 million.

2. Los Angeles Lakers, value: $1 billion; profit: $48 million.

3. Chicago Bulls, value: $800 million; profit: $34 million.

4. Boston Celtics, value: $730 million; profit: $19 million.

5. Dallas Mavericks, value: $685 million; profit: $13 million.

6. Miami Heat, value: $625 million; profit: $15 million.

7. Houston Rockets, value: $568 million; profit: $27 million.

8. Golden State Warriors, value: $555 million; profit: $29 million.

9. Brooklyn Nets, value: $530 million; loss: $17 million.

10. San Antonio Spurs, value: $527 million; profit: $15 million.

11. Sacramento Kings, value: $525 million; profit: $2.6 million.

12. Oklahoma City Thunder, value: $475 million; profit: $30 million.

13. Phoenix Suns, value: $474 million; profit: $13 million.

14. Orlando Magic, value: $470 million; profit: $12 million.

15. Portland Trail Blazers, value: $457 million; loss: $10 million.

16. Cleveland Cavaliers, value: $434 million; profit: $19 million.

17. Utah Jazz, value: $432 million; profit: $12 million.

18. Los Angeles Clippers, value: $430 million; profit: $9.1 million.

19. Denver Nuggets, value: $427 million; profit: $12 million.

20. 76ers, value: $418 million; loss: $0.8 million.

21. Toronto Raptors, value: $405 million; profit: $19 million.

22. Detroit Pistons, value: $400 million; profit: $7.7 million.

23. Washington Wizards, value: $397 million; profit: $1.7 million.

24. Indiana Pacers, value: $383 million; profit: $11 million.

25. Memphis Grizzlies, value: $377 million; loss: $12 million.

26. Minnesota Timberwolves, value: $364 million; loss: $4.5 million.

27. New Orleans Hornets, value: $340 million; profit: $3.3 million.

28. Atlanta Hawks, value: $316 million; loss: $19 million.

29. Charlotte Bobcats, value: $315 million; loss: $13 million.

30. Milwaukee Bucks, value: $312 million; loss: $0.5 million.

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