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

Dan Mack steps down as the head football coach at Kamiak

He served as the Knights’ head coach for 20 seasons

Police question friends of WSU quarterback who killed himself

The redshirt sophomore died Tuesday of an apparent self-inflicted gunshot wound, according to police.

Meadowdale tops rival Lynnwood 56-42 (VIDEO)

Led by junior guard Haben Tekle, the Mavericks race to an early lead and cruise past the Royals.

Oregon AD named chairman of playoff selection committee

Six new members added to the committee, including Pro Football Hall of Famer Ronnie Lott

Seahawks announce coaching hires, Richard’s dismissal

Seattle hires Brian Schottenheimer, Ken Norton Jr., Mike Solari and announces it has fired Kris Richard.

NFL Hall of Famer drops the puck at Silvertips game

Former Seahawk offensive lineman Walter Jones did the honors prior to the Tips’ win over Tri-City

Report: Huskies promote Lake to defensive coordinator

Former defensive coordinator Pete Kwiatkowski will now be Washington’s co-defensive coordinator.

Former Lake Stevens football star gets Fiesta Bowl spotlight

Washington Husky walk-on Josh Rasmussen conversed in sign language with a Special Olympics athlete.

Tuesday’s prep results, with links to recaps

Plus, video highlights from the boys basketball crosstown rivalry between Lynnwood and Meadowdale.

Most Read