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Lakers pass Knicks as NBA’s most valuable team
3 hours, 40 minutes ago
NEW YORK (AP)—The Los Angeles Lakers have surpassed the New York Knicks asthe NBA’s most valuable team, according to Forbes’ annual report.
The magazine (www.forbes.com/nba) said Wednesday that the Lakers’ value hadincreased 40 percent since last year to $900 million thanks to its blockbusterTime Warner TV deal. The Knicks’ value increased 19 percent to $780 million witha boost from the renovation of Madison Square Garden. The Chicago Bulls, DallasMavericks and Boston Celtics round out the top five.
Despite a shortened season, the average team is worth $393 million, up 6.5percent from last year, aided by the new collective bargaining agreement.
The Milwaukee Bucks are the least valuable team at $268 million.
http://sports.yahoo.com/nba/news?slug=ap-teamvalues
I'm surprised the Knicks have been more valuable for this long. Lakers have 10 championships since 1980, I don't even feel like googling the last time the Knicks won
Safe to say the modern basketball Mecca is out in LA.
3 hours, 40 minutes ago
NEW YORK (AP)—The Los Angeles Lakers have surpassed the New York Knicks asthe NBA’s most valuable team, according to Forbes’ annual report.
The magazine (www.forbes.com/nba) said Wednesday that the Lakers’ value hadincreased 40 percent since last year to $900 million thanks to its blockbusterTime Warner TV deal. The Knicks’ value increased 19 percent to $780 million witha boost from the renovation of Madison Square Garden. The Chicago Bulls, DallasMavericks and Boston Celtics round out the top five.
Despite a shortened season, the average team is worth $393 million, up 6.5percent from last year, aided by the new collective bargaining agreement.
The Milwaukee Bucks are the least valuable team at $268 million.
http://sports.yahoo.com/nba/news?slug=ap-teamvalues
I'm surprised the Knicks have been more valuable for this long. Lakers have 10 championships since 1980, I don't even feel like googling the last time the Knicks won
Safe to say the modern basketball Mecca is out in LA.