NEW YORK (AP) -- The New York Knicks have surpassed the Los Angeles Lakers as the most valuable team in the NBA, according to Forbes' annual study.
Boosted by renovations to Madison Square Garden, the Knicks' value increased 41 percent to $1.1 billion. The Lakers were second at $1 billion.
The report released Wednesday estimated the average NBA team's value at $509 million, a 30 percent increase from last year.
The Chicago Bulls, Boston Celtics and Dallas Mavericks round out the top five.
The Milwaukee Bucks were the least valuable at $312 million. The Nets' value increased 48 percent to $530 million, ranking ninth, after their move from New Jersey to Brooklyn.
Saturday, May 25 2013 8:47 PM EDT2013-05-26 00:47:53 GMT
Tuukka Rask stopped 28 shots, Gregory Campbell scored twice and the Boston Bruins beat the New York Rangers in Game 5 on Saturday to advance to the Eastern Conference finals.
Tuukka Rask stopped 28 shots, Gregory Campbell scored twice and the Boston Bruins beat the New York Rangers in Game 5 on Saturday to advance to the Eastern Conference finals.
Boston Bruins goalie Tuukka Rask says he won't dwell too much on his comical mistake in Game 4 against the Rangers that helped New York get back into the Eastern Conference semifinals.
Boston Bruins goalie Tuukka Rask says he won't dwell too much on his comical mistake in Game 4 against the Rangers that helped New York get back into the Eastern Conference semifinals.
A person familiar with the situation tells the Associated Press that Jets running back Mike Goodson is expected to return to practice Tuesday despite his legal troubles.
A person familiar with the situation tells the Associated Press that Jets running back Mike Goodson is expected to return to practice Tuesday despite his legal troubles.
Friday, May 24 2013 3:07 PM EDT2013-05-24 19:07:01 GMT
New York Yankees slugger Alex Rodriguez has sold his Miami Beach home for $30 million. A-Rod's business partner, Jose More, confirmed that the sale closed Friday. Rodriguez bought the 54,000-square-foot
New York Yankees slugger Alex Rodriguez has sold his Miami Beach home for $30 million. A-Rod's business partner, Jose More, confirmed that the sale closed Friday. Rodriguez bought the 54,000-square-foot
Friday, May 24 2013 10:45 AM EDT2013-05-24 14:45:27 GMT
NASCAR racing legends and brothers Darrell and Michael Waltrip preview the holiday weekend's Coca-Cola 600 from Charlotte Motor Speedway in North Carolina.
NASCAR racing legends and brothers Darrell and Michael Waltrip preview the holiday weekend's Coca-Cola 600 from Charlotte Motor Speedway in North Carolina. The race is set for Sunday at 6 p.m. on FOX 5.
Thursday, May 23 2013 10:19 PM EDT2013-05-24 02:19:38 GMT
Chris Kreider steered in a pass from Rick Nash 7:03 into overtime, and the New York Rangers stayed alive in the Stanley Cup playoffs with a 4-3 victory over the Boston Bruins on Thursday night.
Chris Kreider steered in a pass from Rick Nash 7:03 into overtime, and the New York Rangers stayed alive in the Stanley Cup playoffs with a 4-3 victory over the Boston Bruins on Thursday night.
Thursday, May 23 2013 11:34 AM EDT2013-05-23 15:34:35 GMT
The Boston Bruins are on the brink of the Eastern Conference finals, and they got there on the backs of their suddenly offensive defensemen and a potent fourth line of forwards.
The Boston Bruins are on the brink of the Eastern Conference finals, and they got there on the backs of their suddenly offensive defensemen and a potent fourth line of forwards.
