NEW YORK (AP) -- The New York Knicks have overtaken the Los Angeles Lakers as the NBA's most valuable franchise, and 17 of the 30 teams are estimated to have lost money last season, according to Forbes.
The Knicks' value rose 12 percent from $586 million to $655 million, the magazine said Wednesday in its annual evaluation. The rise was attributed to increased ticket sales and sponsorships at Madison Square Garden.
The Lakers went up 6 percent from $607 million to $643 million.
Chicago was third at $511 million, followed by Boston ($452 million), Houston ($443 million) and Dallas ($438 million)."
Read more: http://sportsillustrated.cnn.com/2011/basketball/nba/01/26/forbes.rankings.ap/index.html#ixzz1CHaAwEtV
Fanatics Take Note:
The Knick - Heat game tonight is being telecast on TNT, There is no MSG telecast. LGK.