2) New York Knicks (Value: $2.5 billion)
Revenue: $278 million
Current value of New York Knicks is $2.5 billion. The team earned revenue of $278 million and an operating income of $53 million. They drew the biggest TV audience in the NBA at 163,000 viewers per game on average last season despite their 37-45 record. The team’s operating income fell 45 percent after missing the playoffs and incurring a $36 million luxury tax bill.
1) Los Angeles Lakers (Value: $2.6 billion)
Revenue: $293 million
The Los Angeles Lakers’ seven-year 270-game sellout streak ended last season as the team posted their second worst record in franchise history at 27-55. The team’s current value is $2.6 billion. They are the most valuable NBA team in spite of their poor performance. This became possible due to their $4 billion, 20-year TV deal with Time Warner that kicked off in the year 2012.
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