clock menu more-arrow no yes

Filed under:

Forbes: The Knicks are pricey.

New, comments

Hey, that's a lot of money.

Chris Trotman

Today, Forbes released their annual thing where they tell us how much all the teams in the NBA are worth and we remember that we are small and powerless. The upshot of the article is that team values league-wide have risen on average (thanks lockout!) with the Knicks back on top. The Lakers led the list last year, but James Dolan's club has regained the lead:

The New York Knicks are the league’s most valuable team, worth $1.1 billion, reclaiming the crown from the Los Angeles Lakers, who topped last year’s list. The Knicks’ value rose 41%, mainly due to a $980 million renovation of Madison Square Garden that is expected to be completed this summer. The makeover resulted in an NBA-leading $243 million in revenue last season. The Knicks’ operating income of $83 million was the highest in the league for a third straight year. Another plus: better play. In 2012, the Knicks won a playoff game for the first time since 2001.

A billion dollars. That means nothing to me-- $1 million = $1 billion in that they are both unimaginable sums of money-- but it sounds good for the Knicks. And this value, of course, was assessed after New York let profitable person/good basketball player Jeremy Lin depart for Houston. I assume Lin's worth, what, another trillion?

So, uh, good job, I guess? What do we do now? Pool our cash and try to buy the team from Dolan?