Champ Kind Posted January 20, 2016 Share Posted January 20, 2016 (Reuters) - The New York Knicks reclaimed their distinction as the NBA's most valuable team, worth $3 billion, according to a Forbes poll released on Wednesday that showed the average team value rose 13 percent from last year. The average NBA team's value rose to $1.25 billion from $1.1 billion last year, a jump Forbes said was driven primarily by media and sponsorship deals that are typically being renewed at double or even quadruple the previous amounts. The Knicks' value rose 20 percent from last year given a new cable deal and having the highest premium-seating revenue in the NBA while the Lakers, who topped the list last year, were second with a value of $2.7 billion, up 4 percent from last year. View the full article Quote Link to comment Share on other sites More sharing options...
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