National Basketball Association team values spike, Knicks lead the way

Forbes: Knicks lead NBA in franchise value

Forbes: Knicks lead NBA in franchise value

After the Knicks at the worth positions were the Los Angeles Lakers ($4.4 billion), the Golden State Warriors ($4.3 billion), the Chicago Bulls ($3.2 billion) and the Boston Celtics ($3.1 billion), according to Forbes.

Average NBA franchise valuations rose 14 percent to $2.12 billion over the a year ago.

The Boston Celtics are the fifth most valuable franchise in the National Basketball Association, according to Forbes Magazine's 2020 rankings released on Tuesday.

'We are actively looking for a new president of the New York Knicks and hope to conclude the search as quickly as possible, ' Dolan said in a statement.

Hope Hicks is returning to the White House
Hicks served as Trump's closest adviser, following the president from the campaign to the White House. After leaving the White House, she joined the Fox group, which oversees the Fox News channel.

Ranked behind the New York Knicks ($4.6 billion), Los Angeles Lakers ($4.4 billion), Golden State Warriors ($4.3 billion) and Chicago Bulls ($3.2 billion), the Celtics are now valued at $3.1 billion.

Further boosting team values was the $2.3 billion sale of the Brooklyn Nets to Alibaba co-founder Joseph Tsai and Charlotte Hornets owner Michael Jordan's announced plan to sell 20 percent of the team to Gabe Plotkin and Daniel Sundheim.

The increase has occurred despite the Knicks (17-37) closing in on their seventh straight losing season. The Warriors, despite a league low record of 12-42, were helped by a new US$1.6 billion home arena in San Francisco. Four other franchises are worth less than $1.5 billion according to Forbes - New Orleans Pelicans ($1.35 billion), Minnesota Timberwolves ($1.375 billion), Orlando Magic ($1.43 billion) and Detroit Pistons ($1.45 million). Lakers have seen a massive 19% rise in their valuation from the previous year. Together, they join the Dallas Cowboys and New York Yankees as the five most valuable teams in American sports, according to the report. That represented the biggest gain in value in the league.

Recommended News

  • 2nd Case of New Coronavirus Confirmed Among Evacuees in San Diego

    The 2019 novel coronavirus is the cause of an outbreak of respiratory illness first detected in Wuhan, China, in December 2019. Another case of the new coronavirus infection has been confirmed in a US evacuee from China , this one is in Texas.
    Jennifer Hudson to Perform Kobe Bryant Tribute at the NBA All-Star Game

    Jennifer Hudson to Perform Kobe Bryant Tribute at the NBA All-Star Game

    The NBA All-Star weekend's events, which take place at United Center and Wintrust Arena this weekend, will be broadcast on TNT . Additional details weren't made available, and the nature of Hudson's tribute is seemingly being kept under wraps.
    Defense Secretary Esper discusses potential 7-day deal with Taliban

    Defense Secretary Esper discusses potential 7-day deal with Taliban

    "The United States and the Taliban have negotiated a proposal for a seven day reduction in violence ". Following nine rounds of US-Taliban talks in Qatar, the two sides seemed close to an agreement.
  • NASA hiring more astronauts to explore Moon, Mars

    NASA hiring more astronauts to explore Moon, Mars

    Gaining new experiences on and around the Moon will prepare NASA to send the first humans to Mars in the mid-2030s. So beginning on March 2, the organization will be tolerating applications for its next class of space travelers.
    Storm Alert: Dennis is gonna be a menace this weekend for Kildare

    Storm Alert: Dennis is gonna be a menace this weekend for Kildare

    For most of Saturday, warnings of wind and rain are in place across Wales, southern Scotland and the whole of England. Netweather.TV forecaster Terry Scholey said the unsettled weather will begin on Friday and continue into the weekend.
    Airbus reports 2019 net loss of 1.36 bn euros

    Airbus reports 2019 net loss of 1.36 bn euros

    The year of loss was also marked with the settlement of $4 billion with prosecutors, over the charges of corrupt practices. Full-year sales rose 11% Y/Y to €70.48B, while adjusted EBIT jumped 19% to €6.95B from €5.84B in 2018.
  • Five California evacuees test negative for coronavirus, return to Travis quarantine

    LabCorp said on Thursday it has begun work on developing its own test for the coronavirus that has killed over 1,300 in China. This is the second evacuee from Wuhan, China, under quarantine at the base to test positive for novel coronavirus.
    Fed 'open' to more than one Libor replacement - Powell

    Fed 'open' to more than one Libor replacement - Powell

    Continued job gains and rising wages should boost consumer spending this year, despite soft business investment. Many Representatives asked about climate change. "It's critical to have diverse perspectives", Powell said.
    Two Russian Space Probes Stalk U.S. Spy Satellite

    Two Russian Space Probes Stalk U.S. Spy Satellite

    Russian spacecraft are trailing a US satellite used to spy on other countries, according to the commander of the US Space Force . This was the first public comment by a US official on the Russian satellite reportedly chasing a USA spacecraft.
  • Snoop Dogg issues formal apology to Gayle King after explicit rant

    Snoop Dogg issues formal apology to Gayle King after explicit rant

    You ain't coming after f**king [producer] Harvey Weinstein , asking them dumba** questions. "(I) overreacted. All I did was said, 'Check it out: you outta pocket for what you're doing and we're watching you.

    Judge grants Amazon bid to pause Pentagon's JEDI cloud contract

    The contract is meant to give the military better access to data and technology from remote locations. But he said the Pentagon remained sure of its decision to choose Microsoft.
    Coronavirus Fears Lead to Mobile World Congress Cancellation

    Coronavirus Fears Lead to Mobile World Congress Cancellation

    Spanish labour unions said the show was called off due to the panic of the major technology companies. Although, we do need to mention that the cancellation of the event doesn't come as a surprise to us.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.