Knicks 1st, Lakers 2nd on Forbes list
NEW YORK -- The New York Knicks have overtaken the Los Angeles Lakers as the NBA's most valuable franchise, and 17 of the 30 teams are estimated to have lost money last season, according to Forbes.
The Knicks' value rose 12 percent from $586 million to $655 million, the magazine said Wednesday in its annual evaluation. The rise was attributed to increased ticket sales and sponsorships at Madison Square Garden.
The Lakers went up 6 percent from $607 million to $643 million.
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