According to Forbes, the NY Knicks remains the NBA's most valuable franchise for the second consecutive year. It is currently valued at $3.3 billion and has posted a revenue of $376 million for the 2015-2016 season alone. Apparently, despite two losing seasons, fans and spectators continue to support the team in its games.
Apart from ticket sales, the renovation of the Madison Square Garden allowed new revenue opportunities for the team, recording a $141-million profit from last year's season despite a 32-50 record.
On top of that, the team's front runners – Carmelo Anthony and Kristaps Porzingis – helped uplift the team’s profile. This has been one of the reasons why Knicks owner James Dolan has been a huge fan of Anthony through the years.
With a $3-billion value, the Los Angeles Lakers comes to a close second in the Forbes list, followed by Golden State Warriors with $2.6 billion, Chicago Bulls with $2.5 billion, and Boston Celtics with $2.2 billion.