A failure to win on the court isn’t stopping the New York Knicks from growing in value. According to Forbes magazine, the Knicks grew by over 15% in the last year and are worth a league-high $4.6 billion. New York is nearly assured of missing the playoffs for the seventh straight season and 13th in the past 16. According to Forbes, only the NFL’s Dallas Cowboys ($5.5 billion) are worth more than the Knicks among North American sports franchises. Forbes said the revenue of the 30 NBA teams was a combined $8.8 billion, a league record, and should top $9 billion this season.

Source: National Post February 12, 2020 00:22 UTC