Lowly Knicks still most valuable NBA team

The Knicks have struggled for wins on court in recent NBA seasons but their value has not suffered

New York Knicks have not won an NBA title in almost 50 years but they are unbeaten in when it comes to their worth after Forbes ranked them the most valuable team in the league for the fifth-straight year.

The Knicks are worth $4.6 billion ($A6.9b), according to Forbes, despite having the worst win-loss record of any team during the past 20 years. Their two championships came in 1970 and 1973.

Despite their poor on-court performances and behind the scenes troubles that have cost NBA legends like Phil Jackson their job in recent times, the Knicks rank only behind NFL's Dallas Cowboys ($5.5b, $A8.2b) as the richest among North American sports franchises.

The Knicks' value is up 15 per cent from a year ago, due to a renovation of their home, Madison Square Garden, a blockbuster local TV deal and playing in the world's richest sports market.

Los Angeles Lakers were listed with a worth of $4.4b ($A6.6b) with Golden State Warriors at $4.3b ($A6.4b).

MLB's New York Yankees ($4.6b) are the only other team ahead of the Lakers and the Warriors.

The remainder of the NBA's top 10 is: Chicago ($3.2b, $A4.8b), Boston ($3.1b, $A4.6b), Los Angeles Clippers ($2.6b, $A3.9b), Brooklyn ($2.5b, $A3.7b), Houston ($2.475b, $A3.69b), Dallas ($2.4b, $A3.6b) and Toronto ($2.1b, $A3.1b).

Ben Simmons' Philadelphia 76ers came in 11th at $2b ($A3b) while the Milwaukee Bucks, who lead the NBA standings this season, are ranked 19th of the 30 teams at $1.58b ($A2.4b).

Forbes listed the average value of NBA franchises at more than $2b for the first time, a figure that has grown nearly 600 per cent in the past decade.

The average NBA franchise is now valued at more than $2.1b ($A3.1b).

Forbes also calculated the revenue of the 30 NBA teams at a combined $8.8b ($A13.1b) last season, a new record, and forecast it would exceed $9b ($A13.4b) this season.