Last year, in their annual appraisal of the value of professional basketball franchises, Forbes.com pegged the Knicks at $586 million. Being a diehard fan, I immediately mobilized all of my resources to put together that deluxe sum of money so I could buy the team. Aside from the 18 dollars I had in my wallet (plus a Metrocard with a few swipes left and my high school ID, which is valued at around $9 million), I had to raise funds by any means necessary. I held bake sales, organized telethons, and even massaged this old lady's thighs for a half hour. By December of '10, I'd amassed almost $600 million, and was well on my way to purchasing the Knicks, with money left over for season tickets.
The Knicks were valued at $655 million, which is by far the highest of any NBA team. The Lakers, who were No. 1 last year, saw their value drop from $607M in 2009 to $586M in 2010.
The Lakers, after winning their first championship since 2002, ended a four year run by the Knicks as the highest valued NBA franchise. The Knicks held the top spot from 2005-2008, as their value increase from $543M in 2005 to $613M in 2008 before it dropped to $586M in '09 to fall behind the Lakers.
Buns. Just when I was ready to make my move, the Knicks regained their spot as the priciest team in basketball at over $650 million. Now I have no idea what to do with my $600 million, which is well over the nominal GDP of Comoros. I suppose I could bid on the most expensive house in the world, but I don't want to step on Mikhail Prokhorov's toes. Alternatively, I could buy a couple Hope diamonds, grab myself a mega-yacht or, since I'm kind of bored, re-make Avatar.