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Forbes Ranks Knicks As Most Valuable NBA Franchise; Nets 6th

February 06, 2019 - 3:22 pm
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By WFAN.com

The New York Knicks just traded away their best player. They’ll likely finish this season as one of the worst teams in the NBA, but they’ll still be one of the league’s premier franchises.

On Wednesday, Forbes released their annual assessment of the value of each NBA team. The Knicks were rated as the NBA’s most valuable club: apparently worth around $4 billion.

Despite embarrassing struggles on the court, the Knicks value is actually up 11% from last year. This will be music to the ears of owner James Dolan, but maybe not to the Knicks fans who are incredibly frustrated with the incompetence of the Dolan years.

The Knicks are 10-43 in David Fizdale's first year as head coach. At the moment, that's the worst record in the league. The Knicks will have a 14 percent chance of getting the first overall pick in June's NBA Draft, if they finish with one the three worst records in the league. That first overall pick would likely be Duke's Zion Williamson, who looks to be the type of player who can instantly change a franchise's fortunes. 

The Los Angeles Lakers came in as the second most valuable franchise, followed by the Golden State Warriors, Chicago Bulls, and Boston Celtics.

According to Forbes, “The average NBA team is worth $1.9 billion, up 13% over last year and three times the level of five years ago.”

MORE: Schmeelk: Patience Still Paramount For Knicks' Front Office

The Brooklyn Nets also had a place in the top 10. They were ranked as the sixth most valuable franchise in the NBA.

The New Orleans Pelicans are currently mired in the drama surrounding Anthony Davis’ request to be traded. They rank as the second least valuable franchise, just edging out the Memphis Grizzlies.