Despite its league-worst record, New York Knicks still most valuable NBA team

first_imgOil plant explodes in Pampanga town Private companies step in to help SEA Games hosting PDEA chief backs Robredo in revealing ‘discoveries’ on drug war View comments Sports Related Videospowered by AdSparcRead Next The Knicks, who feature a starting lineup with three new players acquired in the Kristaps Porzingis trade, lost at home Tuesday night for a franchise-record 15th straight game. They began Wednesday with a 10-43 record.Forbes says the Los Angeles Lakers remain in second place with a value of $3.7 billion, up 12 percent.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesRounding out the top five are the Golden State Warriors ($3.5 billion), Chicago Bulls ($2.9 billion) and Boston Celtics ($2.8 billion).The average NBA team is worth $1.9 billion, up 13 percent from last year. US judge bars Trump’s health insurance rule for immigrants ‘We are too hospitable,’ says Sotto amid SEA Games woes PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Grace Poe files bill to protect govt teachers from malicious accusations MOST READ ‘We are too hospitable,’ says Sotto amid SEA Games woes Don’t miss out on the latest news and information. LATEST STORIES Two Koreas to hold talks on traditional wrestling exchanges SEA Games hosting troubles anger Duterte New York Knicks center Enes Kanter. left, forward Mario Hezonja, center, and guard Damyean Dotson, right, watch the game action from the bench during the first half of an NBA basketball game against the Detroit Pistons, Tuesday, Feb. 5, 2019, at Madison Square Garden in New York. (AP Photo/Mary Altaffer)NEW YORK — The New York Knicks are worth $4 billion, making them the most valuable NBA team for the fourth straight year, according to Forbes. That’s despite having the worst record among the league’s 30 teams.In its annual rankings, Forbes said 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.ADVERTISEMENTlast_img

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