New York Knicks Miss Out On Top NBA Team Values Spot

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According to Forbes.com, the New York Knicks are 2015’s second-most valuable NBA team, with a current value of $2.5 billion.

A revenue of $278 million puts them just $15 million behind top position holders Los Angeles Lakers, but an operating income of just $53 million is 45% down on the previous year thanks to missing the playoffs and incurring a $36 million luxury tax bill. To put it in context, Los Angeles Lakers operating income was $104 million over the same period.

Despite the drop in income, the New York Knicks drew the largest television audience in the NBA with an average of 163,000 viewers per game last season.

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