The Knicks are the most valuable team in the NBA at $3 billion, Forbes reported as part of its annual study of NBA valuations on Wednesday.

The Knicks returned to the top spot after a one-year absence when the Lakers claimed it last year. Forbes said its estimate of the Knicks’ value rose 20 percent compared with last year, driven by a new cable TV deal and having the highest premium-seating revenue in the NBA.

advertisement | advertise on newsday

After the Knicks and Lakers the Bulls, Celtics and Clippers completed the top five.

The Nets ranked seventh at $1.7 billion. They were the only team among the 10 most valuable that Forbes estimated to have an operating loss, at $5.7 million.

The Dolan family owns controlling interests in the Knicks, MSG and Cablevision. Cablevision owns Newsday.