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Knicks most valuable NBA franchise, according to Forbes

Carmelo Anthony of the New York Knicks drives

Carmelo Anthony of the New York Knicks drives to the hoop in the first half against Jabari Parker of the Milwaukee Bucks at Madison Square Garden on Sunday, Jan. 10, 2016. Credit: Jim McIsaac

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.

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.

New York Sports