The Knicks have been one of the NBA’s most dysfunctional teams this season. On the court, the team has gone just 23-33, with $72MM man Joakim Noah failing to make a significant impact, and Jeff Hornacek and Phil Jackson not always on the same page when it came to the use of the triangle. Off the court, things have been even worse, with Jackson criticizing star forward Carmelo Anthony, and owner James Dolan at odds with former Knicks star Charles Oakley.
On the west coast, the Lakers haven’t been much better, racking up a 19-38 record, good for the No. 14 seed in the West. The team hasn’t made as many off-court headlines, but the structure of the front office is currently up in the air, with new advisor Magic Johnson publicly declaring that he wants to be the one calling the shots on roster decisions.
Despite the problems in New York and Los Angeles, the Knicks and Lakers remain the NBA’s two most valuable franchises, according to a report from Kurt Badenhausen of Forbes. The Knicks and Lakers are the only teams valued at more than $3 billion by Forbes.
Team valuations are up around the league, with the Warriors leading the way among this year’s increases — according to Forbes, the Dubs are 37% more valuable that they were at this time in 2016. In total, 18 teams have a valuation exceeding $1 billion, which is up from 13 teams last year and just three teams in 2015. The average NBA franchise is now worth $1.36 billion, according to the report.
Here’s the full list of NBA franchise valuations, per Forbes:
- New York Knicks: $3.3 billion
- Los Angeles Lakers: $3 billion
- Golden State Warriors: $2.6 billion
- Chicago Bulls: $2.5 billion
- Boston Celtics: $2.2 billion
- Los Angeles Clippers; $2 billion
- Brooklyn Nets: $1.8 billion
- Houston Rockets: $1.65 billion
- Dallas Mavericks: $1.45 billion
- Miami Heat: $1.35 billion
- Cleveland Cavaliers: $1.2 billion
- San Antonio Spurs: $1.175 billion
- Toronto Raptors: $1.125 billion
- Phoenix Suns: $1.1 billion
- Sacramento Kings: $1.075 billion
- Portland Trail Blazers: $1.05 billion
- Oklahoma City Thunder: $1.025 billion
- Washington Wizards: $1 billion
- Orlando Magic: $920MM
- Utah Jazz: $910MM
- Detroit Pistons: $900MM
- Denver Nuggets: $890MM
- Atlanta Hawks: $885MM
- Indiana Pacers: $880MM
- Philadelphia 76ers: $800MM
- Memphis Grizzlies: $790MM
- Milwaukee Bucks: $785MM
- Charlotte Hornets: $780MM
- Minnesota Timberwolves: $770MM
- New Orleans Pelicans: $750MM
For comparison’s sake, Forbes’ 2016 valuations can be found right here.