New York Knicks: $4.6 billion .
Knicks, Lakers, Warriors Worth over $4B in Forbes’ List of 2020 NBA Team Values. The New York Knicks remain the most valuable team in the NBA, with an estimated worth of $4.6 billion , according to Forbes’ Kurt Badenhausen. That figure is up from the Knicks’ $4 billion valuation in 2019.
In its annual rankings, Forbes said the Knicks , who last won an NBA title in 1973, are worth $4.6 billion, up 15% from a year ago, due to a renovation of their arena, a blockbuster local TV deal and playing in the richest North American sports market.
The Lakers are worth $4.4 billion , second in the NBA behind only the New York Knicks ($4.6 billion).
The least valuable team in the NBA? That title belongs to the Memphis Grizzlies . Forbes has their current value at $1.3 billion, up 8% from a year ago. The New Orleans Pelicans are right above the Grizzlies on the list at $1.35 billion.
When one of the hosts, in reference to the team excluding the Daily News, called the Knicks a public trust, Dolan vehemently disagreed. “The Knicks are not owned by the public,” he said. “They are owned by the shareholders of the company, of which I am the majority shareholder, so no.”
The New York Knicks are also the most valuable franchise out of the 30 teams of the National Basketball Association (NBA). As of 2020, the team’s value was 4.6 billion U.S. dollars, followed by the Los Angeles Lakers, valued only 200 million less than the Knicks .
The richest among current owners is former Microsoft CEO Steve Ballmer , who bought the Los Angeles Clippers for $2 billion in 2014. The 22 are worth a combined $141 billion.
The late Fred Podesta, the longtime Garden executive who passed away in 1999, once recalled, “The name came out of a hat. We each put a name in the hat, and when we pulled them out, most of them said Knickerbockers, after Father Knickerbocker, the symbol of New York City. It soon was shortened to Knicks .”
According to the latest Forbes valuations, released Tuesday, the Warriors now are worth $4.3 billion , three third-most behind the New York Knicks ($4.6 billion) and Los Angeles Lakers ($4.4 billion). These three teams are the only such to eclipse $4 billion in the NBA.
On Tuesday, Forbes estimated the value of the Celtics’ franchise at $3.1 billion , an 11 percent increase since 2019. The $3.1 billion valuation ranks the Celtics No. 5 among the NBA’s 30 teams, trailing the Chicago Bulls, Golden State Warriors, Los Angeles Lakers and New York Knicks.
As of late-2018, Forbes estimated that James’ net worth was $450 million . Forbes also noted, in their list of highest-paid athletes, that the 35-year-old superstar made $89 million in 2019. In 2018, James signed a four-year, $153 million with the Lakers.
Jerry Buss was an American entrepreneur and professional sports team owner who had a net worth of $600 million .
List of NBA team owners
|Franchise||Principal Owner(s)||Owned Since|
|Los Angeles Clippers||Steve Ballmer||2014|
|Los Angeles Lakers||Jeanie Buss, Jim Buss and Johnny Buss, along with siblings in the Jerry Buss family trust.||1979|
|Memphis Grizzlies||Robert J. Pera||2012|
|Miami Heat||Micky Arison||1995|