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>> NEW YORK KNICKS Latest News

JAN 23, 2013 - Yahoo! News

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Knicks unseat Lakers as NBA's most valuable team: Forbes

(Reuters) - The New York Knicks are the National Basketball Association's (NBA) most valuable team, worth over $1 billion, according to a Forbes poll released on Wednesday that showed the average team value rose 30 percent over the last year. The average NBA team's value is now $509 million, a rise Forbes said was driven by higher television revenue, new and renovated arenas and the league's new collective bargaining agreement. The Knicks reclaimed top spot in the annual poll from the Los Angeles Lakers with a value of $1. ...

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