The Knicks have had a miserable 12 months, finishing the 2018/19 season with a league-worst 17 wins, missing out on their top free agent targets, and then firing head coach David Fizdale and president of basketball operations Steve Mills during the 2019/20 season.
None of that seems to have had a noticeable impact on the team’s market value though. Once again, the franchise is considered the most valuable of any of the NBA’s 30 clubs, according to a report from Kurt Badenhausen of Forbes. The Lakers and Warriors aren’t far behind, having both surpassed the $4 billion mark for the first time this year.
For the first time, all 30 NBA teams have a perceived worth of $1.3 billion or more, per Forbes’ annual report. Every team’s value increased by at least 6% since Forbes put out their 2019 valuations last February, with a handful of franchises jumping by 20% or more.
The NBA-wide average of $2.12 billion per team in 2020 is also a new record — that league-wide average surpassed the $2 billion mark for the first time. NBA franchise values are up almost sixfold over the last decade, according to Badenhausen.
Here’s the full list of NBA franchise valuations, per Forbes:
- New York Knicks: $4.6 billion
- Los Angeles Lakers: $4.4 billion
- Golden State Warriors: $4.3 billion
- Chicago Bulls: $3.2 billion
- Boston Celtics: $3.1 billion
- Los Angeles Clippers: $2.6 billion
- Brooklyn Nets: $2.5 billion
- Houston Rockets: $2.475 billion
- Dallas Mavericks: $2.4 billion
- Toronto Raptors: $2.1 billion
- Philadelphia 76ers: $2 billion
- Miami Heat: $1.95 billion
- Portland Trail Blazers: $1.85 billion
- San Antonio Spurs: $1.8 billion
- Sacramento Kings: $1.775 billion
- Washington Wizards: $1.75 billion
- Phoenix Suns: $1.625 billion
- Denver Nuggets: $1.6 billion
- Milwaukee Bucks: $1.58 billion
- Oklahoma City Thunder: $1.575 billion
- Utah Jazz: $1.55 billion
- Indiana Pacers: $1.525 billion
- Atlanta Hawks: $1.52 billion
- Cleveland Cavaliers: $1.51 billion
- Charlotte Hornets: $1.5 billion
- Detroit Pistons: $1.45 billion
- Orlando Magic: $1.43 billion
- Minnesota Timberwolves: $1.375 billion
- New Orleans Pelicans: $1.35 billion
- Memphis Grizzlies: $1.3 billion
The Raptors are among this year’s big “winners,” with their value rising 25%, from $1.675 billion a year ago to $2.1 billion this year following their first NBA championship. The Clippers also had a noteworthy bump, moving from ninth place on Forbes’ list to sixth after landing Kawhi Leonard and Paul George last summer.
Although every franchise’s value increased, the Nets had the smallest jump, just 6%. The Magic‘s modest 8% increase resulted in the team slipping from 23rd on last year’s list to 27th this year.
It’s worth noting that when a franchise has been sold in recent years, the price often exceeds Forbes’ valuation, so these figures are just estimates.