NBA Lakers, Warriors join Knicks at $4 bil value: Forbes

NBA teams generated a record $8.8 billion in revenue last year while the Los Angeles Lakers and Golden State Warriors joined the New York Knicks above $4 billion in value, Forbes magazine reported Tuesday. The annual look at NBA finances showed league revenues jumped 10% despite troubles in China over a tweet by Houston Rockets general manager Daryl Morey supporting Hong Kong protesters, a drop in television ratings and several top stars being sidelined by long-term injuries. The Knicks, who appear destined to suffer a seventh consecutive losing season in the 2019-20 campaign, were rated the NBA's most valuable franchise for a fifth consecutive year at $4.6 billion, a 15% hike in value from a year earlier.