The New York Knicks are once again the most valuable team in the NBA.
That's according to the latest franchise valuations published by Forbes on Wednesday.
Thanks to the team's television deal and a completely renovated Madison Square Garden with the highest suite prices in the league, the Knicks' value jumped 20 percent to $3 billion, while the Los Angeles Lakers, which held the top spot last year, came in at $2.7 billion. Rounding out the top five were the Chicago Bulls ($2.3 billion), Boston Celtics ($2.1 billion) and the Los Angeles Clippers at $2 billion, the same price Steve Ballmer paid to buy the team in 2014.