For the first time in NBA history, all of its teams are worth more than $1 billion.
So says Forbes Magazine in its annual franchise valuations.
The New York Knicks, for the third straight year, top the list at $3.6 billion, followed by the Los Angeles Lakers ($3.3 billion), Golden State Warriors ($3.1 billion), Chicago Bulls ($2.6 billion) and Boston Celtics ($2.5 billion).