Sport

Bulls Rank 4th On Forbes List Of Most Valuable NBA Teams

Bulls Rank 4th On Forbes List Of Most Valuable NBA Teams”

The Knicks are worth $4.6 billion ($A6.9b), according to Forbes, despite having the worst win-loss record of any team during the past 20 years.

The value of individual teams is up 14 percent from a year ago, with the average team clocking in at a whopping $2.12 billion. NBA's 30 teams generated $8.8 billion in revenue last season, which is up by 10% over the previous year.

The annual look at National Basketball Association finances showed league revenues jumped 10% despite troubles in China over a tweet by Houston Rockets general manager Daryl Morey supporting Hong Kong protesters, a drop in television ratings and several top stars being sidelined by long-term injuries. The average team is now valued at about $2.1 billion, a figure that has grown nearly 600 percent in the last decade. Stand With Hong Kong'.

Only the Raptors, with a 25 per cent boost, had a higher jump in year-on-year value than Golden State (23).

The next deal, sports media consultant Lee Berke told Forbes, could be worth substantially more as the league capitalizes on its younger fan base with more streaming options.

The increase, due to a renovation of their arena, a blockbuster local TV deal and playing in the richest North American sports market, has occurred despite the Knicks (17-37) closing in on their seventh straight season of missing the play-offs.

'I am not selling, but I am determined to find the right leader for the Knicks who will ensure the long-term success of the team, just as we did with the hiring of [New York] Rangers president John Davidson'. Interim coach Mike Miller, who replaced the fired David Fizdale, could be brought back, but the team is reportedly searching for another replacement.

Rounding out the top five were the Chicago Bulls at US$3.2 billion and the Boston Celtics at US$3.1 billion. Surprisingly, the league's best side this season, Milwaukee Bucks are placed at lowly 19th with a $1.58 billion valuation.



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