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 Marco Cerino

3 Reasons Why Notre Dame Fans Still Have Reason To Celebrate

The night of October 18 in Tallahassee may have held one of the best regular-season college football games of the 21st century. Two top-five teams collided in the renewal of a high-profile rivalry. This matchup validated the hype, as host Florida State won a 31-27 decision over Notre Dame to stay undefeated and further their […]

Sports Joseph Milord

Stanford Has A Pretty Brilliant Technique To Recruit Football Players

NCAA rules might prohibit student-athletes from getting paid for their play, but that hasn’t stopped Stanford University from placing monetary gain as a central piece of its recruiting pitch. ESPN recruiting analyst Tom VanHaaren tweeted out a picture last week showing a piece of pretty convincing material Stanford recruits receive from the California-based school. The […]

Sports Julian Sonny

Why Bandwagon Fans Exist: The Science Behind Sports Addiction

Whether you watch fútbol or football, rugby or hockey and anything in between, sports fans from all across the world find themselves with the same feeling year after year: disappointment. In this unpredictable world of professional competition, allegiances are high. However, as most of us know a little too well, getting to experience the sweet taste […]

Also On Elite

World

The Story Behind How A Rooster Ended Up As The Symbol On Sriracha Bottles

Huy Fong Foods’ Sriracha hot sauce bottle is iconic: a little green cap set atop a fiery red bottle. The spicy condiment is often called “rooster sauce” for the brand’s strutting mascot, emblazoned across the front of every bottle. Until now, its origin has been a mystery. In a recent interview with Modern Farmer, Huy […]

Sports

If You Drafted LeSean McCoy In Fantasy Football This Season, You Are Sick

There are some things you can’t control, like Adrian Peterson’s season-long suspension after that ugly child abuse scandal. Then there are things you just cannot explain, like LeSean McCoy not breaking double digits in fantasy scoring in five games this year. Oh yeah, and he only has one touchdown, not to mention fewer points than […]

Entertainment

Halle Berry Wants To Cut Off Baby Daddy’s $16k A Month Child Support

Halle Berry is having some baby daddy drama. Her ex, Gabriel Aubry, has allegedly been living off the child support that Berry pays him to help care for her young daughter, Nahla. Berry has filed documents in court in an attempt to lower her monthly child support payments. Currently, she gives Aubry $16,000 a month. […]

Life

6 Traits That Will Bring Success In The Long-Term Rather Than Right Now

The world is changing every day, and the speed of that change is increasing. As a result of this, sometimes you need to stop and analyze the signals you receive in order to better adapt your behavior to what the future prepared for us. So, here are six traits that will dominate modern societies of […]