The Knicks are the most valuable franchise in the NBA for the second straight year, according to Forbes.
Forbes released its latest valuations for NBA franchises on Wednesday morning.
The Knicks are now valued at $3.3 billion, up 10 percent over last year, according to Forbes. Forbes said the Knicks had an NBA-record operating profit of $141 million last season, thanks to the recent $1 billion renovation of Madison Square Garden and a new local cable deal.
Forbes has the Nets as the seventh most value franchise, valued at $1.8 billion with $15.7 million in operating income for the 2015-16 season.