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On Wednesday, Forbes Magazine published its annual ranking of NBA teams by total value, and the Lakers, thanks in no small part to their NBA title, unseated the four-time most valuable team, the New York Knicks, clocking in a $607 million. The Celtics came in 8th at $433 million, and the Bucks were the most worthless team at $254 million. Not a bad deal considering how they’re doing this year.
12 of the 30 teams even posted operating losses this year, with the most valuable being the #7 Dallas Mavericks ($446 million, take that Mark Cuban). 21 teams declined in value, four broke even, and five became more valuable, which, according to Forbes, is the first year the NBA’s average team value has declined since the magazine started tracking the data 11 years ago.
They won the title, and they’re always in the race to do so. They’re pretty popular anyway, so why not have them be expensive.
They haven’t been relevant for many years now. Playing in Madison Square Garden definitely boosts their value, as does their popularity amongst New York sports fans, one of the most enthusiastic sports fan bases (behind Boston of course). But they haven’t been playing well enough in recent years to warrant their price tag.