Forbes is listing the average value of NBA franchises above $2 billion for the first time, a figure that has grown nearly 600% in the past decade.
The average NBA franchise is now valued at slightly more than $2.1 billion, with Forbes saying the New York Knicks — worth $4.6 billion by the magazine’s calculations — rank atop the league list and grew by 15% over the previous year.
The rest of the top 10: Chicago ($3.2 billion), Boston ($3.1 billion), the LA Clippers ($2.6 billion), Brooklyn ($2.5 billion), Houston ($2.475 billion), Dallas ($2.4 billion) and Toronto ($2.1 billion).
Forbes also calculated the revenue of the 30 NBA teams at a combined $8.8 billion last season, a record, and forecast it would exceed $9 billion this season.
The Associated Press contributed to this report.