Posted by Neil Paine on January 27, 2011
According to Forbes Magazine's annual rankings, the Knicks are now the most valuable franchise in the NBA, surpassing the Lakers. NY's value went up 12% over the past year; other big gainers included the Heat, Nets, & Warriors. The biggest declines in value belonged to Cleveland (-26%) and Detroit (-25%). The Pistons and Cavs had been the 4th- and 5th-most valuable franchises, respectively, as recently as December 2009.