The Knicks are champions ... of something!
Unfortunately for fans, it's not an NBA championship. It turns out they're back on top of Forbes' 2016 NBA franchise valuations.
James Dolan's franchise finished second last year behind the Los Angeles Lakers. The reason they're up a whopping 20 percent to $3 billion? Nope, it's not because rookie Kristaps Porzingis is a future star. Take it away, Forbes' Kurt Badenhausen:
"The split of the media and sports assets of Madison Square Garden Company in September precipitated a new media rights deal for the Knicks with the MSG regional sports network.