Knicks retain top spot as most valuable National Basketball Association team

Forbes Knicks at $4.6 billion NBA's highest valued team

The Los Angeles Lakers ($4.4 billion) and Golden State Warriors ($4.3 billion) join the Knicks in the $4 billion club.

Despite struggling for form, New York Knicks continue to dominate the charts and have seen a 15% rise in its valuation.

The increase has occurred despite the Knicks (17-37) closing in on their seventh straight losing season. The average team is now valued at about $2.1 billion, a figure that has grown nearly 600 percent in the last decade.

According to Forbes, only the NFL's Dallas Cowboys ($5.5 billion) are worth more than the Knicks among North American sports franchises. Though only tenth on the list, the Canadian-based franchise saw its overall worth leap 25 per cent to US$2.1 billion.

Every NBA team is valued at more than $1 billion, with the Memphis Grizzlies bringing up the rear with a $1.3 billion valuation.

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Despite some disappointing early Nielsen ratings and a pre-season public relations crisis in China, the NBA's future is looking bright as the average team is now worth over $2 billion for the first time, led by the New York Knicks and their $4.6 billion valuation.

Only five National Basketball Association teams were listed with a valuation below $1.5 billion: the Detroit Pistons ($1.45 billion), Orlando Magic ($1.43 billion), Minnesota Timberwolves ($1.375 billion), New Orleans Pelicans ($1.35 billion) and Memphis Grizzlies ($1.3 billion).

The positive financial report comes on the heels of a brutal offseason that saw the NBA's controversy in China amount to an global incident and lead into ratings drops as more of the league's stars flocked to the West Coast and late-night tips.

The NFL's Dallas Cowboys are the most valuable US sports team, with an estimated worth of $5.5 billion. That represented the biggest gain in value in the league.

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