Originally posted on Pro Sports Daily  |  Last updated 1/23/13
The New York Knicks and Los Angeles Lakers are each worth more than $1 billion, Forbes Magazine reported, and they become the first NBA franchises to pass the $1 billion mark. Forbes' most recent valuation of NBA franchise places the Knicks as the most valuable franchise at $1.1 billion, with the Lakers right behind at about $1 billion. The $980 million renovation to Madison Square Garden has a lot to do with the Knicks' increased value. According to the report, the average NBA franchise is worth $509 million, an increase of about 30 percent from last year. The Milwaukee Bucks are the franchise with the least value with an estimate worth of $312 million. Lakers' guard Kobe Bryant makes the most money of any NBA player, according to Forbes' analysis of player earnings. Forbes estimates Bryant's total earnings in salary and endorsements for the year at $59.8 million. LeBron James was second at $57.6 million, with Derrick Rose third at $32.4 million.
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Jimmy Butler’s trainer rips Bulls on Twitter after trade

LaVar Ball booed as he left Barclays Center, throws BBB hat into stands

Markelle Fultz hilariously botches his Instagram ad

Luke Walton responds to LaVar Ball saying Lonzo will lead Lakers to playoffs

Report: 'Shocked' Jimmy Butler was in bed when trade went down

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Celtics refused to part with high draft picks in Jimmy Butler trade talks

Report: Bulls trade Jimmy Butler to Minnesota for Zach LaVine, Kris Dunn, No. 7 pick

Joel Embiid shares new Sixers team nickname after Markelle Fultz pick

Report: Spurs, Cavs trade talks now include LaMarcus Aldridge

LaVar Ball says ‘Zeus and Jesus’ told him Lonzo would go to Lakers

Cavs are reportedly talking about a trade for Danny Green with Spurs

The 'NBA Draft going back to school?' quiz

2016-17 NBA Awards: The Gary Payton Award for best trash talk of the year

It’s quarterback contract silly season, starting with Derek Carr

Feeding your roundball addiction through the summer months

2017 NBA Mock Draft

Box Score 6/22: Emotion-filled Knight for Pens fans, Preds fans... and Knicks fans

The 10 best sports docs available for streaming

The 'Golden Knights will begin with a Fleury of activity' quiz

2016-17 NBA Awards: The Ricky Davis Award for most irrationally confident shooter

It's time for Satchel Paige Day in Major League Baseball

Which vets the Vegas Golden Knights should build around

Box Score 6/21: Summer of NBA trades heats up

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

The 'NBA Draft going back to school?' quiz

2016-17 NBA Awards: The Gary Payton Award for best trash talk of the year

It’s quarterback contract silly season, starting with Derek Carr

The 'Golden Knights will begin with a Fleury of activity' quiz

The 10 best sports docs available for streaming

Feeding your roundball addiction through the summer months

2016-17 NBA Awards: The Ricky Davis Award for most irrationally confident shooter

It's time for Satchel Paige Day in MLB

Which vets the Vegas Golden Knights should build around

The Giants' failures for 2017 are complete, time to think of the future

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker