Forbes Releases NBA Franchise Valuations

Forbes has unveiled its annual franchise valuations for all 30 NBA teams, with the Knicks and Lakers predictably topping the list. According to Forbes, both teams are worth more than $1 billion, the first NBA franchises to reach the 10-digit mark. Overall, the average NBA team is worth $509MM, up an impressive 30% from a year ago. Here's the complete list of Forbes' franchise values:

1. New York Knicks: $1.1 billion
2. Los Angeles Lakers: $1 billion
3. Chicago Bulls: $800MM
4. Boston Celtics: $730MM
5. Dallas Mavericks: $685MM
6. Miami Heat: $625MM
7. Houston Rockets: $568MM
8. Golden State Warriors: $555MM
9. Brooklyn Nets: $530MM
10. San Antonio Spurs: $527MM
11. Sacramento Kings: $525MM
12. Oklahoma City Thunder: $475MM
13. Phoenix Suns: $474MM
14. Orlando Magic: $470MM
15. Portland Trail Blazers: $457MM
16. Cleveland Cavaliers: $434MM
17. Utah Jazz: $432MM
18. Los Angeles Clippers: $430MM
19. Denver Nuggets: $427MM
20. Philadelphia 76ers: $418MM
21. Toronto Raptors: $405MM
22. Detroit Pistons: $400MM
23. Washington Wizards: $397MM
24. Indiana Pacers: $383MM
25. Memphis Grizzlies: $377MM
26. Minnesota Timberwolves: $364MM
27. New Orleans Hornets: $340MM
28. Atlanta Hawks: $316MM
29. Charlotte Bobcats: $315MM
30. Milwaukee Bucks: $312MM