Forbes: Knicks most valuable NBA team again; Raptors come in 11th

BasX · Dec 3, 2008

NEW YORK — For the fourth straight year, and despite front office and player turmoil, the New York Knicks are the NBA's most valuable team.

The Knicks are worth US$613 million, according to Forbes' latest rankings, an increase of 1 per cent over their 2007 value. Throughout the past year, the franchise has made many headlines off the court, ranging from former team president Isiah Thomas being found guilty in a sexual harassment lawsuit to guard Stephon Marbury's feud with management and coach Mike D'Antoni.

For the fourth consecutive year, the Los Angeles Lakers are ranked second by Forbes, at $584 million, up from $560 million.

Rounding out the top five are the Chicago Bulls at $504 million; the Detroit Pistons at $480 million; and the Cleveland Cavaliers at $477 million.

The Toronto Raptors placed 11th at $400 million, a seven-per-cent increase over last year.

The biggest change in value belongs to the Portland Trail Blazers, who increased by 21 per cent to $307 million. They still rank only 20th out of 30 franchises.

Also showing a huge increase are the NBA champion Boston Celtics, up to $447 million from $391 million.

The biggest drop in value hit the New Jersey Nets, who fell 13 per cent to $295 million, 26th overall. The Nets have had delays in their plans to build and move into a new arena in Brooklyn.

Below the Nets are the Memphis Grizzlies ($294 million), New Orleans Hornets ($285 million), Charlotte Bobcats ($284 million) and Milwaukee Bucks ($278 million).

The average team value is $379 million.

Forbes ranked the value of franchises in the other major pro sports earlier this year. The Dallas Cowboys topped the NFL at more than $1.6 billion, the New York Yankees led baseball at over $1.3 billion and the Toronto Maple Leafs led the NHL at $448 million.
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http://www.google.com/hostednews/canadianpress/article/ALeqM5hrj9ElMiZXgYLH1GpTP5w6Hn-5ow

Sorry, i just had to ahaha

Dee-Zy · Dec 4, 2008

11th place for a team that never got passed the 1rst round in what... a decade and is constantly underrated because the team is Canadian is nothing to be ashamed about IMO.

Chutney · Dec 4, 2008

We're above the Spurs and defending champion Celtics. Despite what some Americans might think (and wish), the Raptors will continue to be a profitable franchise where they are currently. Toronto's just too good a sports market.

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Forbes: Knicks most valuable NBA team again; Raptors come in 11th

BasX I Win

Dee-Zy Member

Chutney MON-STRAWRRR!!1!

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Forbes: Knicks most valuable NBA team again; Raptors come in 11th

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BasX I Win

Dee-Zy Member

Chutney MON-STRAWRRR!!1!

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