Knicks, Lakers most valuable NBA clubs – Forbes

first_imgLights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Trending Articles PLAY LIST 00:50Trending Articles01:48NBA: Kawhi, George seek more for Clippers than beating Lakers00:50Trending Articles02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Don’t miss out on the latest news and information. Almazan vows to comeback stronger after finals heartbreak Sports Related Videospowered by AdSparcRead Next LATEST STORIES OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Newsome sets focus on helping Bolts open new PBA season on right track The Knicks remain atop that list, worth $3.6 billion (2.94 billion euros) and another iconic club, the Lakers, are now worth an estimated $3.3 billion.The Knicks are profiting from a $1 billion renovation to Madison Square Garden, which provided new revenue opportunities from sponsorships and seating.FEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkThe Lakers, who like the Knicks have struggled in recent years, continue to benefit from raking in almost $150 million a year from their local television and radio deals.The reigning champion Golden State Warriors passed the Chicago Bulls in this year’s list to lie third with a value of $3.1 billion to Chicago’s $2.6 billion. Michael Porter Jr. stays patient as playing time increases Phoenix turns back TNT MOST READ Jiro Manio arrested for stabbing man in Marikina The Warriors’ jump is due in part to the new arena due to open in two seasons.New arenas in Sacramento, Milwaukee and Detroit have also pushed up franchise values.The New Orleans Pelicans are the lowest-ranked, at an estimated value of $1 billion.The club making the biggest jump from last year was the Philadelphia 76ers, who gained 48 percent in value to $1.18 billion, according to Forbes’ calculations.The valuations were calculated with revenues and operating incomes from the 2016-17 season, while taking into consideration the league’s revenue sharing. Arena deals, and revenue from non-basketball events that take place at the venues, are also included in the totals. /cbbADVERTISEMENT New York Knicks’ Carmelo Anthony, left, looks past Los Angeles Lakers’ Jordan Clarkson during the second half of the NBA basketball game, Sunday, Feb. 1, 2015, in New York. Forbes has named the Knicks and the Lakers as the most valuable NBA clubs as of February 2018. APLOS ANGELES, United States — The New York Knicks and Los Angeles Lakers still top the list of most valuable NBA clubs, according to a survey released Wednesday by Forbes — which for the first time says every franchise is worth $1 billion.According to its latest annual assessment, the average value of an NBA club is $1.65 billion.ADVERTISEMENT Steam emission over Taal’s main crater ‘steady’ for past 24 hours Nonito Donaire vs Naoya Inoue is BWAA 2019 Fight of the Year View commentslast_img

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