Even Isiah Thomas couldn’t ruin the Knicks, at least on the asset sheet. Despite having the league’s highest payroll at $125M and only 23 wins last year, the Knicks are the most valuable franchise in the NBA according to a list released by Forbes. The reason? They luxury suites at MSG run upwards of $400k each. Still, the Knicks lost $39 in operating profit last year. (As everyone knows, paying Larry Brown to go away costs money.)
In case you don’t want to sit through the Forbes slideshow, here are the 2006 NBA Franchise valuations.
1. New York Knicks: $592M
2. LA Lakers: $568M
3. Dallas Mavericks: $463M
4. Chicago Bulls: $461M
5. Houston Rockets: $439M
6. Detroit Pistons: $429M
7. Phoenix Suns: $410M
8. Miami Heat: $409M
9. San Antonio Spurs: $390M
10. Cleveland Cavaliers: $380M
11. Sacramento Kings: $379M
12. Philadelphia 76ers: $375M
13. Boston Celtics: $367M
14. Indiana Pacers: $340M
15. Washington Wizards: $334M
16. New Jersey nets: $325M
17. Toronto Raptors: $315M
18. Memphis Grizzlies: $313M
19. Denver Nuggets: $309M
20. Minnesota Timberwolves: $308M
21. Utah Jazz: $297M
22. LA Clippers: $285M
23. Orlando Magic: $283M
24. Charlotte Bobcats: $277M
25. Atlanta Hawks: $275M
26. Seattle Supersonics: $268M
27. Golden State Warriors: $267M
28. Milwaukee Bucks: $260M
29. New Orleans Hornets: $248M
30. Portland Trailblazers: $230M
Links:
[Forbes.com]: The Business of Basketball
