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>> NEW YORK KNICKS Latest News

JAN 23, 2013 - Houston Chronicle

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Forbes: Knicks are most valuable NBA team; Rockets remain in top 10

The Associated Press NEW YORK — The New York Knicks have surpassed the Los Angeles Lakers as the most valuable team in the NBA, according to Forbes’ annual study. Thanks to their new TV deal with Comcast SportsNet Houston, the Rockets saw their team value increase (from $453 million in 2011 to $568 million in 2012) but their spot in the top 10 (No. 7) remained the same. Boosted by renovations to Madison Square Garden, the Knicks’ value increased 41 percent to $1.1 billion. The Lakers were second at $1 billion. The report released Wednesday estimated the average NBA team’s value at $509 ... Read More

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