Knicks retain top spot as Forbes’ most valuable NBA team

The Knicks have been shut out of the playoffs since 2013 but their value rose to $3.6 billion, up 9 percent from a year ago, due to renovations to Madison Square Garden which produced new revenue opportunities from sponsorships and seating. The Los Angeles Lakers ($3.3 billion), reigning NBA champion Golden State Warriors ($3.1 billion), Chicago Bulls ($2.6 billion) and Boston Celtics ($2.5 billion) rounded out the top five, Forbes said in a statement.