Forbes: Knicks remain the most valuable NBA franchise

Sam Spiegelman

The New York Knicks are the most valuable NBA franchise for a second consecutive year, according to Forbes’ annual league list released Wednesday.

The Knicks are valued at $1.4 billion, with an annual revenue of $287 million and an operating profit of $96 million, according to the report.

The team was able to stay atop the list due to their playoff run in which they made it to the second round, but fell short against the Indiana Pacers. After a $1 billion renovation of Madison Square Garden, the Knicks’ operating income reached $96 million, the highest ever in NBA history.

In addition, the team had the second-largest average television audience per game (230,000), which trailed only the Los Angeles Lakers.

Finishing second were the aforementioned Lakers, valued at $1.35 billion after turning a $66 million operating profit. Third were the Chicago Bulls, worth $1 billion, and fourth were the Boston Celtics, valued at $875 million. The Brooklyn Nets were fifth.

On average, an NBA franchise is worth $634 million, up 25 percent from last year. Overall, all 30 teams are worth a combined $19 billion. In contrast, an average NFL franchise is worth $1.17 billion and 23 of 32 teams are valued at more than $1 billion.

The increased value of an NBA franchise can be credited to commission David Stern, who is in his final year at the position. Over the past three decades under Stern, the league’s revenues have soared from $118 million in 1982-83 to $4.6 billion in 2013.

152 comments
BigChiefTriangle
BigChiefTriangle

So apparently Woodson STILL thinks the Knicks' defense is solid since they only allow 99.1 PPG, ignoring their 2nd-slowest pace in the league...Knicks actually have 3rd-worst defense, at 109 pts allowed/100 possessions.  

Delusional.  I can't believe some coaches are still living in the stone age, statistically speaking. (Or Woody is just playing dumb for the media.) 

Jaime
Jaime

When players miss, Melo doesn't get assists.

That simple. He's passing out often when he gets doubled. Last game, I can count at least 4 assists in the 1st half that he DIDN't get because the teammate either bricked a wide open 3 or didn't drive in (to cause the defense to collapse even more).

Melo's passing. Its about the teammates hitting. They hit, Melo gets more assists.

He's not getting assists because he isn't passing. He's not getting assists because his teammates are not hitting shots.

So stop talking about "melo needs to get to 4 assists" as if its melo's fault.

knickgirl35
knickgirl35

my friend made a great point. he said all of the 4 players who start with durant are better than any of the knicks except for melo. i hate to say it but it's true. management must start making better decisions (understatement i know). dolan must give up power to those who know bball. 


afterthought: we haven't seen enough of our newest players to make an appropriate assessment. thanks mw

bb_dot
bb_dot

I recall a heated conversation here a couple of years ago about big market vs small market teams. (Old Knick are you listening?) 

To paraphrase some were arguing that the NBA should not regulate to balance out small-market teams financial disadvantages. (Cap, etc.) Instead they should just disappear if the cannot compete with large-market teams. The simple truth is that the Knicks suffer greatly from being a well off large-market team precisely because they don't have to worry about cash. Instead they prosper by putting before us sub par teams that don't even compete for most of the time. Pacers have to draft well to compete, Spurs draft and develop players over years and build chemistry. Knicks sail from one season to the next with haphazard moves, idiotic draft choices, unbalanced rosters, and incompetent coaches and GM's. I'm glad that the NBA is not further tilted towards big markets and we can still see some smart franchises succeed. I only wish we were one of them.

xmenreturn
xmenreturn

When asked if he supports extending long term unemployment benefits, Herb stated "You can be unemployed?"

buddhabing
buddhabing

Was it absolutely necessary to trade unprotected draft picks for Melo? Would Denver have voided the trade if the Knicks had insisted on it? I've always wondered whether it was a Knick blunder or non-negotiable part of the trade.

dagawd
dagawd

The business of a business is to Make Money


Dolan will not panic cause the product is doing just fine bringing in the Money

MeloStat301
MeloStat301

31-10 Starts tonight, lets go...Knicks are back.

Knicks_Fanatic
Knicks_Fanatic

Just a repost that NBA League Pass has a free trial going until Jan 26th.

ENGLBERT_HUMPERDINK
ENGLBERT_HUMPERDINK

Posts are getting removed again.... I was just reading one and it just dissappeared!

Mr.Boots
Mr.Boots

@DolanitisDr As I posted below to another poster:


"Statistics can be interpreted many ways, not all accurately or truthfully.


The only stat that ultimately matters is the win/loss record."

VerySilentJay
VerySilentJay

@DolanitisDr Both.


"I mean....again.....as long as we keep them under 35 per half we're in a good position man"

knickfan2
knickfan2

We have first row seats to the *implosion*

Mr.Boots
Mr.Boots

@Jaime By the same token, when anybody passes the ball to anybody and the shot is missed, there is no assist. Felton would have double digit assists every game if guys hit their shots. That's the nature of the game.


Your argument is a specious attempt to defend Melo, and given his shooting percentage many games it could be said that he costs his team mates assists. Statistics can be interpreted many ways, not all accurately or truthfully.


The only stat that ultimately matters is the win/loss record.

chudogz
chudogz

@bb_dot. I couldn't have said it better...

Blaze NYK
Blaze NYK

@bb_dot Me too.  As much as it pains me to see us suck this year, I think long term it will eventually make Dolan realize he can't just buy a contender.  That you HAVE to at least try to develop some talent from within.  A good rotation player on a rookie contract is the most valuable commodity in the NBA.  Heck, even a young player who is still on his rookie contract who has "potential" is a great trade chip.  Trades and FA's are fine but it can't be all FA signings.  The big 3 model only works in MIami because Miami all ready had Dwade, they all took less to join up and Lebron is the best player in the NBA who also happens to be the most versatile player (can play all 5 positions) and is a beast on both sides of the ball.  


It should be easy to build a contender in NYC.  Big market teams still have the cash advantage.  Draft decently, develop players from within, make smart FA signings and then trade or sign one superstar and a Robin to your batman, although if you have a well rounded team you can have just one superstar I believe.  Player development is something that is really overlooked by us as well.  Lance Stephenson has turned into a great player for The Pacers.  There is no guarantee if we drafted him over Landry Fields and Andy Rautins that he'd be that same player with us today. 

xmenreturn
xmenreturn

@bb_dotOur Knick have prospered monetarily because we have been the only game in town with a legendary venue and corporation/stars wanting to pay big money to be seen.  If the Nets keep winning, Dolan will quickly disassemble Mr, Potato Head and get some real talent here because not doing so would affect his bottom line.  

Mr.Boots
Mr.Boots

@Jerry Gee Because so may of us here are going to boycott our courtside seats. Most games it is always the same group of us hanging here. So we aren't at the Garden anyhow, and some of us not going to the one game a year that we might go to is not going to make Dolan see the error of his ways.

saintknick
saintknick

@buddhabing It was a problem of leverage. Denver had a choice between rebuilding or signing Melo for years. Remember, the issue was the uncertain CBA - Melo didn't want to go into that summer a free agent because it could have cost him a lot of money if the CBA negotiations went poorly and cap structures shrunk (shrank?).  Because of this, the ONLY way NY could get Melo was in a trade, and Denver didn't HAVE to trade him anywhere.


Denver balked at offers from Brooklyn (4 first round picks + Favors and parts) so we know that they would rather have had Melo than a bunch of picks alone. 


So the Knicks traded Chandler, Mozgov, Felton, Galo, and ONLY THIS YEARS FIRST ROUND PICK, and a few 2nd rounders and parts from the other teams (like Minnesota I think). 


I don't think Denver would have taken anything less than a first + 1 potential start + 2-3 decent parts worth something.  In the end, the Knicks probably could have gotten away with not taking Chauncey back, but would have had to give up fields and maybe more.


THAT is why our current situation is scary. Unlike last time, Melo IS NOT locked into having to stay in NY for financial certainty. YES, it guarantees him an additional year, but if you look around the league at older guys, and assuming Melo declines a little by 35, but not extremely, SOMEONE will be willing to replace that year in exchange for 16 mil +. Further, assuming caps expand by 2020 (NBA revenues are up 25% this season) it might be negligble. 


We have very little actual leverage right now. In 2011, the Nuggets had all the leverage because it was always an option for them to build around Melo. 

brookdon
brookdon

You're not going to get a superstar in this league via trade and not give up unprotected picks.

VerySilentJay
VerySilentJay

@buddhabing The picks were always non negotiable. They weren't gonna give up protected 1st rounders for their franchise players (look at all Utah got back from the Nyets for DWill),

What was up for negotiation was the combination of players.

I remember Denver was very high on Fields and asked for him multiple times, and Walsh rejected it.

rico
rico

@dagawd Dolan has his prestige and self worth (ego) tied up in the Knicks, he wants to win badly.  Problem is Dolan wants to assert himself too far into the process of building a winner and here we have the problem.  

saintknick
saintknick

@dagawd The best owners in sports don't own teams for the profit - they own teams for the prestige. Dolan has more money than he or his shareholders will ever need access to. 


However, I worry that, for Dolan, all the prestige he wants is a relevant, news-worthy team. That means that a team that is crushing opponents is worth no more than one with A-list stars and B-list nutjobs who will generate loads of media attention.


Dolan has always run this team for the news cycle. 

knickgirl35
knickgirl35

@knickfan2 Its been going on for a while. Calling a pro Rook and treating him like a kid was completely unprofessional behavior. The NBA is a business, not a college team, the men on the teams are professionals, he doesn`t even understand that

bb_dot
bb_dot

@xmenreturn Dolan is rash with stupid moves and acts like a glacier when it comes to smart ones. So I'm not holding my breath on coach changes anytime soon. It will take some time, if it ever happens, until the Nets will beat the Knicks in terms of most valuable franchise.

Chris
Chris

@saintknick @buddhabing You are saying that the Nugs had a choice? They were told he was (read this carefully its important) NOT SIGNING THE EXTENSION THEY OFFERED HIM. So the original premise of your pontification is grossly incorrect. Making the rest of what you are expositing pure drivel.

BigChiefTriangle
BigChiefTriangle

@Sandro Guedes 

Sandro, you are developing a cult following here on TKB ....it may be a cult following of 1, but still...lol

xmenreturn
xmenreturn

@bb_dot I hear ya but why should Dolan change his ways when his franchise is still very profitable despite results and there is no competition?  Dolan is very stubborn, recall Glenn Sather of the Rangers?

Mr.Boots
Mr.Boots

@Chris Everybody wanted to beat Sachem, especially my daughter when she played for Melville. It was awkward for me as I was working at North when she was playing.

Mr.Boots
Mr.Boots

@Chris@Mr.Boots I don't. If my daughter doesn't give it to me, I don't buy it and I don' wear it. Ad when she does, she buys from eBay and then only caps. I personally only buy and wear stuff for teams I've been on or coached. Some Sachem shirts that students gave me.


I never wear jerseys because I have no desire to wear another man's name on my back. You'll note that I always say "The Knicks" in my posts, never "Us" or "We" unless I'm talking about being a fan.  I laugh at people who think they are part of the team because they are fans. It reminds me of the parents and boosters who think they should have input into team decisions. I know that you've dealt with that Chris especially if you were at 3V. Too much hubris for me.

L-Switch
L-Switch

@Sandro Guedes The Knicks have to know for sure that he is leaving or at least not recieve a vote of confidence that he will stay before they negotiate a trade involving their best player since Ewing. Personally I would rather they hit the reset button on the rest of the roster and build around Melo. They could fast foward the 2015 rebuilding process slightly by moving Chandler now. Such a move may net the kind of hope that may keep Melo interested in playing through next season until 2015 when they have more space. The Knicks have to do something just to show Melo that they care about winning.

Mr.Boots
Mr.Boots

@Tomas Biggie ha been here too long to be a young kid.  He was here when Old Knick and I got here. 90% of the posters here are new bies compared to Biggie.

Chris
Chris

@Mr.Boots @MeloStat301 And Biggies don`t, all you need is a copy of the CBA, which you can download, and you to can sound like a genious

Mr.Boots
Mr.Boots

@MeloStat301 I doubt that "colors" is Biggie. A couple of threads back he made posts that weren't reflective of facts that Biggie knows. Biggie has been around a long time. "Colors'" posts read like a kid.