Every NBA franchise is worth $1 billion for the first time ever, per Forbes

The Knicks and the Lakers lead the way, but even the average team is worth $1.65 billion, according to this annual financial report.

The average NBA franchise is worth $1.65 billion, according to Forbes’ annual evaluation of the league that was released Wednesday. It’s a 22 percent jump from last season, and it means that every single team’s valuation has broken the $1 billion plateau.

The New York Knicks are still the highest valued team, worth $3.6 million, followed closely by the

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