Forbes: Knicks pass Lakers as NBA’s most valuable team

  • Assocaited Press
  • Wednesday, January 23, 2013 4:49pm
  • SportsSports

NEW YORK — 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 Milwaukee Bucks were the least valuable at $312 million. The Nets’ value increased 48 percent to $530 million, ranking ninth, after their move from New Jersey to Brooklyn.

More in Sports

Everett High team shakes things up, discovers ways to win

The coach’s challenge and the players’ response has the Seagulls on the verge of the playoffs.

Seahawks’ Clark reflects on teammate Avril’s injury

The young defensive end and protege of the veteran sees how suddenly careers can change.

Stanwood wrestler Phillips commits to North Carolina

The senior verbally commits to join the Tar Heels after receiving interest from other major programs.

Silvertips struggling to turn shots into goals

Everett is creating more scoring chances than its opponents but needs to convert chances into goals.

Thursday’s prep stars of the night

Elizabeth Perenchio, Edmonds-Woodway volleyball Perenchio, a junior setter, dished out 44 assists… Continue reading

BLOG: Some WHL tidbits from a day between games

The Everett Silvertips skated Thursday following a Wednesday loss and in anticipation… Continue reading

Thursday’s prep sports results, recaps and links

Here are Thursday’s prep sports results, links and recaps: CROSS COUNTRY Cascade… Continue reading

Cougars to face top Pac-12 rushers in 3-week span

Washington State will have their hands full as they prepare for the conferences top rushing threats.

Huskies coach Petersen applauds work ethic of walk-on

John Gardner, a walk-on, is catching the eye of the Huskies head coach.

Most Read