Knicks And Lakers Are First Two NBA Teams To Be Valued At More Than $1 Billion

Knicks And Lakers Are First Two NBA Teams To Be Valued At More Than $1 Billion
Sports
Like Us On Facebook
Like Us On Facebook

The Lakers may look like complete crap on the basketball court right now. But, the owners of the team still have at least one thing going for them.

Earlier today, Forbes put out a list of the most valuable teams in the NBA. And, the Knicks and Lakers finished at No. 1 ($1.1 billion) and No. 2 ($1 billion) on the list, becoming the first two NBA teams to be valued at more than $1 billion.

Rounding out the top five, the Bulls were valued at $800 million, the Celtics at $730 million, and the Mavericks at $685 million.

There were a few surprises on the list, too. For instance, the Thunder landed outside the top ten in the No. 12 slot at $475 million. But, things could always be worse, right?

Despite their success in recent years, the Hawks don’t appear on the list until No. 28 at $316 million. And, MJ’s Bobcats are No. 29 at $315 million, while the Milwaukee Bucks round out the list at No. 30 at $312 million.

Preston Waters | Elite.

Photo Credit: Getty Images

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Sports

Sports John Flynn

It’s Over: Steve Nash’s Career Ends Without A Championship

Steve Nash is done. As a result of ongoing back issues, Nash will have to miss the 2014-2015 season. For this 40-year-old, a missed season due to injury likely means the end of his illustrious career. A depressing hypothetical has become an unthinkable reality. One of the most exciting, whimsical and creative players of our […]

Sports Joseph Milord

10 Reasons Why You’d Be Crazy To Miss El Clasico This Weekend

It’s here. What is by far the most anticipated date on the (European) footballing calendar is upon us and it, once again, pits Real Madrid against Barcelona in El Clasico. Anytime the two Spanish giants meet, there’s cause for major hype. Saturday’s matchup between the pair of famous clubs, though, carries a particularly higher amount […]

Sports Julian Sonny

Porn Star Lisa Ann Is Without A Doubt Banging A Notre Dame Freshman

Yesterday, we reported legendary 42-year-old porn actress Lisa Ann was dating Justin Brent, a freshman Notre Dame receiver. The two were spotted at a Knicks preseason game where TMZ reported they were busy getting cozy all night. Further reports also suggest she’s the one who bagged him. Just two days later, we can all but confirm he’s […]

Sports Joseph Milord

This Soccer Player Just Scored One Of The Best Goals Of All Time (Video)

You’ve literally never seen anything like it. With one moment of insane brilliance, Tottenham winger Erik Lamela turned a seemingly uninteresting Europa League match into the most talked about event on Twitter yesterday. During the game against Asteras Tripoli, Lamela applied the Rabona skill (looping one’s stronger foot around the weaker to strike a ball in […]

Sports Julian Sonny

One Direction Proves They’re Bigger NFL Bandwagon Fans Than Drake

Take some notes, Drake. There’s a new group of younger, faster, stronger bandwagon fans poised to take America by storm. One Direction just announced their 2015 tour, which stretches over 15 NFL stadiums, and the band took these unique promo shots to get US fans excited. .@onedirection fans the wait is FINALLY over, Aug 2nd […]

Also On Elite

Life

You Are Who You Friend: Why You Will Go As Far As Your Friends Go

Growing up, we experience the rigorous process of obtaining the perfect friend group after going through backstabbing, relocation and simply outgrowing others. Though trying, the process makes current friends that much more special. They’ve survived life’s natural weeding process: lasting the test of time. Friends are our safety blankets; they bring a sense of warmth […]

World

Toddler’s Reaction To Angry Adults Will Change How You Act Around Kids (Video)

Adrien wants to play, but he doesn’t want to upset anyone. The 15-month-old is part of a new study from the University of Washington’s Institute for Learning and Brain Sciences, examining how children respond to displays of anger from adults. In the trial, little Adrien’s given a strand of plastic beads and a cup. A woman […]

Life

Why This Generation Needs To Cease Valuing Materialism Over Individuality

Why are we taught that having the most “things” will yield the most happiness? Obviously, this isn’t true, as many fortunate people are severely unhappy. But, why is this? Why do we place such a high value on items? I mean, ultimately, they’re just objects, after all. Many American families are in competition with each another for […]

World

Three Retired Firefighters Die On The Same Day From 9/11 Related Cancers

Three retired firefighters who took part in the incredible rescue efforts on 9/11 died on the same day, all from illnesses they contracted while working at Ground Zero. Lt. Howard Bischoff, 58, and firefighters Robert Leaver, 56, and Daniel Heglund, 58, died within hours of each other last Monday, the New York Daily News reports. Leaver […]

World

Man With 17-Hour Erection Gets 24 Shots To Make It Go Down

A 23-year-old British man had to have 24 injections into his penis to get rid of an erection that lasted 17 hours. The erection Jason Garnett woke up with last Friday felt like any other, only it wouldn’t go down. The hotel employee took an ice bath and went for a jog, but eight hours […]