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Forbes lists Knicks as NBA’s most valuable team, Lakers second

The New York Knicks haven’t made the playoffs since 2013, haven’t reached the conference finals since 2000, haven’t played in the NBA Finals since 1999 and haven’t won a title since 1973.

They are amid their sixth consecutive losing season and currently own the league’s worst overall record at 10-43. 

And yet, they are the NBA’s most valuable team, according to the recent team valuations released by Forbes, which estimated the Knicks are worth $4 billion.

The LeBron James-led Los Angeles Lakers are No. 2 on the list at $3.7 billion followed by the two-time defending champion Golden State Warriors ($3.5 billion), Chicago Bulls ($2.9 billion) and Boston Celtics ($2.8 billion).

New Orleans, which is dealing with an Anthony Davis trade request, is No. 29 ($1.22 billion), and Memphis, which could trade Marc Gasol and Mike Conley before Thursday’s deadline, is 30th ($1.2 billion).

Philadelphia had the largest year over year increase in value, going from $1.18 billion a year ago to $1.65 billion.

Team valuations are up across the board with the average team worth $1.9 million, up from $1.65 billion last year. Just five years ago, the average team was worth $634 million, per Forbes.

According to Forbes, the Knicks’ value increased 11 percent from last year because of a $1 billion renovation of Madison Square Garden, completed in 2013, that has produced a series of new revenue streams.

The Knicks, featuring a starting lineup with three new players acquired in the Kristaps Porzingis trade, lost at home Tuesday night for a franchise-record 15th consecutive game. 

Contributing: The Associated Press

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