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Knicks Pass Lakers In Forbes Value Rankings

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NEW YORK (AP) – The New York Knicks have overtaken the Los Angeles Lakers as the NBA’s most valuable franchise, and 17 of the 30 teams are estimated to have lost money last season, according to Forbes.

The Knicks’ value rose 12 percent from $586 million to $655 million, the magazine said Wednesday in its annual evaluation.

The Lakers went up 6 percent from $607 million to $643 million.

Chicago was third at $511 million, followed by Boston ($452 million), Houston ($443 million) and Dallas ($438 million).

After signing Lebron James, the Miami Heat had the biggest percentage rise, a 17 percent increase to $425 million, good for seventh place. Following the loss of James, Cleveland dropped a league-high 26 percent to $355 million.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Forbes.com NBA Team Valuations:

Rank Team Current Value1 ($mil) 1-Yr Value Change (%) Debt/Value3 (%) Revenue4 ($mil) Operating Income5 ($mil)
1 New York Knicks 613 1 0 208 29.6
2 Los Angeles Lakers 584 4 22 191 47.9
3 Chicago Bulls 504 1 11 165 55.4
4 Detroit Pistons 480 1 0 160 40.4
5 Cleveland Cavaliers 477 5 42 159 13.1
6 Houston Rockets 469 1 15 156 31.2
7 Dallas Mavericks 466 1 26 153 -13.6
8 Phoenix Suns 452 1 39 148 28.9
9 Boston Celtics 447 14 40 149 20.1
10 San Antonio Spurs 415 3 13 138 19.0
11 Toronto Raptors 400 7 40 138 27.7
12 Miami Heat 393 -6 43 131 -1.1
13 Philadelphia 76ers 360 -5 18 116 0.3
14 Utah Jazz 358 5 3 119 8.8
15 Washington Wizards 353 2 47 118 14.9
16 Sacramento Kings 350 -9 24 117 7.0
17 Orlando Magic 349 8 29 100 6.2
18 Golden State Warriors 335 8 22 112 14.2
19 Denver Nuggets 329 3 14 112 -26.3
20 Portland Trail Blazers 307 21 34 114 -0.9
21 Atlanta Hawks 306 7 23 102 6.7
22 Indiana Pacers 303 -9 16 101 -6.5
23 Minnesota Timberwolves 301 -2 17 100 -5.7
24 Oklahoma City Thunder 300 12 47 82 -9.4
25 Los Angeles Clippers 297 1 0 99 10.7
26 New Jersey Nets 295 -13 71 98 -0.9
27 Memphis Grizzlies 294 -3 51 95 -3.2
28 New Orleans Hornets 285 5 35 95 3.2
29 Charlotte Bobcats 284 -1 53 95 -4.9
30 Milwaukee Bucks 278 5 20 94 5.4
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