Sports

Lakers Rank Second On Forbes 'Business of Basketball' List; Clippers Sixth

Lakers Rank Second On Forbes 'Business of Basketball' List; Clippers Sixth”

Back-to-back trips to the NBA Finals, a historic 73-win season past year, the highest television ratings in the association and a naming rights deal from Chase for its new arena in San Francisco are just some of the factors leading Golden State's massive leap to the top of the association's most valuable franchises list.

The Knicks are languishing in the bottom half of the Eastern Conference after a 23-33 start to the season which last week saw former star Charles Oakley banned from attending home games by team owners.

The Knicks lead the way with a whopping $3.3 billion valuation, followed by the Lakers at a close second with a $3 billion valuation of their own.

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However, on the court, the success of both franchises has diminished severely. That honor belongs to the lowly New York Knicks, who have held onto the top spot despite being one of the worst teams in the league in recent years.

The Knicks posted an NBA-record operating profit of $141 million past year, despite a losing 32-50 season record. The list continues with the Golden State Warriors ($2.6 billion), Chicago Bulls ($2.5 billion), Boston Celtics ($2.2 billion), Los Angeles Clippers ($2 billion), and the Brooklyn Nets ($1.8 billion). That's a 378 percent increase from 2011, when the average franchise was worth $369 million. The franchise has also broken ground on a state-of-the-art arena due to open in 2019.

The Knicks and Lakers remain the two most valuable National Basketball Association franchises based on Forbes' annual assessment despite a miserable recent run on the court.



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