The Knicks are the most valuable franchise in the NBA for the second straight year, according to Forbes.

Forbes released its latest valuations for NBA franchises on Wednesday morning.

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The Knicks are now valued at $3.3 billion, up 10 percent over last year, according to Forbes. Forbes said the Knicks had an NBA-record operating profit of $141 million last season, thanks to the recent $1 billion renovation of Madison Square Garden and a new local cable deal.

Forbes has the Nets as the seventh most value franchise, valued at $1.8 billion with $15.7 million in operating income for the 2015-16 season.

The Lakers are the second most valuable franchise at $3 billion, an 11 percent increase over last season, according to Forbes.

Forbes has the Warriors as the third most valuable franchise with an NBA-high 37 percent jump to $2.6 billion.

Forbes said the average NBA franchise is now worth $1.36 billion. The league has profited from a $24 billion media deal with ESPN and TNT, a new collective bargaining agreement and huge growth in international markets, according to Forbes.