Last week, we told you that New York Knicks owner James Dolan said he is not selling the team.
And I think I know why now—no one could afford to buy them.
At least, according to Forbes, after the magazine listed the average value of NBA franchises this week, with three teams coming in at a value of over $2-billion for the first time.
In fact, the average NBA franchise is now valued at slightly more than $2.1-billion. Ironically, it is the most below average franchise is in the league, with the highest price tag. By Forbes’ calculations, the New York Knicks top the list with a value of $4.6-billio,n a 15% increase over the previous year.
If only the same percentage could be said about their win total over that time.
The other two giants are the Los Angeles Lakers at $4.4-billion and the Golden State Warriors at $4.3-billion.
Worth noting: only five of the NBA’s 32 teams were listed with a value less than $1.5-billion—Detroit ($1.45-billion), Orlando ($1.43-billion), Minnesota ($1.375-billion), New Orleans ($1.35-billion), and Memphis ($1.3-billion)—in case you’re looking to get your feet wet in the incredibly lucrative world of NBA ownership.
Photo Credit: Getty Images