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Knicks are No. 1 ... on Forbes’ list of NBA franchise values

Frank Ntilikina, right, and Tim Hardaway Jr. of

Frank Ntilikina, right, and Tim Hardaway Jr. of the Knicks against the Brooklyn Nets at Madison Square Garden on Jan. 30, 2018. Credit: Jim McIsaac

The Knicks are the most valuable franchise in the NBA for the third straight year, according to franchise values released by Forbes on Wednesday.

Forbes has the Knicks valued at $3.6 billion, up 9 percent from last year. It also makes them the sixth most valuable sports franchise in the world, according to Forbes. Forbes said that the Knicks, with revenue of $426 million, continue to profit from the recent $1-billion renovation to Madison Square Garden.

The Nets are the sixth most valuable franchise in the NBA, according to Forbes. It values the Nets at $2.3 billion with revenue of $273 million. According to Forbes, the Nets benefitted from Barclays Center and non-NBA events at the arena.

The Los Angeles Lakers ($3.3 billion), Golden State Warriors ($3.1 billion), Chicago Bulls ($2.6 billion) and Boston Celtics ($2.5 billion) round out the top five.

New York Sports