Originally written on Bob's Blitz  |  Last updated 11/18/14
People ***** and moan about Jim Dolan and his Knicks because the team is awful and hasn't won since, well...you know. But Jim's Knickerbockers still earn it - they're the NBA's most valuable franchise because dopes like you pay to go see dopes like them.While the team’s on-court play is stinking up the Big Apple from Tremont to Tottenville, owner Jimmy Dolan — by increasing ticket prices and jacking up the cost of a courtside hot dog — has seen the value of the team jump 27 percent in just one year.Congratulations!With the huge run-up in value — to $1.4 billion — the Knickerbockers have retained the title as the most valuable NBA franchise, according to Forbes.Operating profit for Dolan’s team came in at $96.3 million — or more than $2 million per home game, Forbes magazine found, whether they win, lose or even, yes, not show up to play.The Lakers, whose value soared 35 percent in the last year to $1.35 billion, are the NBA’s No. 2 most-valuable franchise.The Chicago Bulls were the third and final NBA team in the billion-dollar club, as owner Jerry Reinsdorf’s profitable toy saw its value soar 25 percent to $1 billion.The Brooklyn Nets came in fifth, behind the Boston Celtics, and are worth $780 million. While their value — thanks to their escape from New Jersey — increased 47 percent, more than Dolan’s Knicks, the magazine reported the Kings County franchise was nicked by an operating loss of $19 million.NY Post...Knicks win title -- Not on court but as NBA's most valuable**Follow us on Twitter, Subscribe by Email, View via Our Mobile Site, or Return Home
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