Found January 22, 2014 on
Pass The Pill:
The NBA experienced an all-time high in revenue this past year
For the second consecutive year the New York Knicks are the NBA’s most valuable franchise at a value of $1.4 billion. The second most valuable franchise belongs to the Los Angeles Lakers at $1.35 billion. Despite both franchises taken major steps back this season, both franchises increased record profits as the NBA is enjoying it’s best monetary stretch in their history. In fact, even teams that have lost money in previous seasons like the Charlotte Bobcats, Milwaukee Bucks and Memphis Grizzlies all turned a profit.
No team has benefited more than the New York Knicks. The NBA’s most valuable team for a second straight year, the Knicks are now worth $1.4 billion, up 27% from a year ago. A three-year, $1 billion renovation of Madison Square Garden pushed the Knicks’ revenue to $287 million, net of revenue sharing, last season. The Knicks’ average TV rating on the MSG Network was 3.1, up 71% from the previous season, as the team made the second round of the playoffs for the first time since 2000 (both the Knicks and MSG are owned by publicly traded Madison Square Garden Company). The playoff run and arena renovation helped the Knicks generate operating income (earnings before interest, taxes, depreciation and amortization) of $96 million–a record for an NBA franchise.
Via Dime Magazine:
Rounding out the billionaire’s club among NBA teams, are the Lakers, valued at $1.35 billion, and the Bulls, worth $1 billion after leading the league in attendance for the last four years without wasting much in payroll (ask Omer Asik). The Celtics ($845 million) and the Nets — following their move across two rivers to Brooklyn ($780 million) round out the top five.
Forbes also estimates that the average franchise is now worth $634 million, which is up 25 percent from a year ago. Also, profits have doubled to an all-time high (not sure if inflation is figured into the equation) of $23.7 million in gross profit per team.
The bottom five starts with the Timberwolves at No. 26 ($430 million), the Hawks at No. 27 ($425 million), the Pelicans ($420 million), the Bobcats ($410 million) and the woeful Milwaukee Bucks, who are worth the lowest, at just $405 million. The Bucks also have four “serious suitors” for the team, as current 78-year-old owner Herb Kohl tries to hang on to partial ownership without moving the team out of Milwaukee.
BEST OF MAXIM
New York Knicks head coach Mike Woodson could be losing control of his team, and he may wind up losing his job as a result. The Knicks have lost four straight since somehow stringing together five wins in a row earlier this month. If a report from the NY Daily News about Tyson Chandler is […]
The New York Knicks are back to being terrible. There was a brief glimmer of hope when they won six out of seven games to begin the month of January, but a loss to the lowly Philadelphia 76ers at Madison Square Garden on Wednesday night was New York’s fifth straight. During the game, Carmelo Anthony […]
The New York Knicks say forward Andrea Bargnani has a torn ligament in his left elbow and is out indefinitely.
Bargnani was hurt Wednesday during a 110-106 loss to Philadelphia when he landed hard while attempting to dunk. He had an MRI on Thursday that revealed the injury.
It's the latest injury for the Knicks (15-27), who have lost five in a row and have battled injuries...
If the Nets were hoping to humiliate the Knicks at home on Monday afternoon, then they successfully achieved what they were trying to do.
Brooklyn pummeled New York by a score of 103-80, looking like a far more dominant team in a matchup between two of the league's most underwhelming squads this season. What's more, what should cause the Knicks to hang their heads even...
The Knicks announced Thursday that an MRI revealed forward Andrea Bargnani suffered a torn ligament in his left elbow Wednesday night. He's out indefinitely.
The injury comes as just another in a long series of disasters for the Knicks, who fell to 15-27 Wednesday night in a loss to the 76ers. The Knicks traded for Bargnani in the preseason to bolster their.... scoring? We guess...
Andrea Bargnani of the New York Knicksphoto credit: NY Knicks Instagram
New York Knicks big man Andrea Bargnani suffered a torn ligament in his shooting elbow after a failed dunk attempt Wednesday night against the Philadelphia 76ers. Bargnani will be out indefinitely due to the injury, per Rotoworld.
The 7-foot sharpshooter has played every game since his arrival to the Knicks...
A defensive Mike Woodson might have taken a little poke at critic Tyson Chandler before Wednesday’s loss, saying there was no complaints about the Knicks’ defense during their five-game winning streak earlier this month. Chandler missed those games due to bronchitis.
But that didn’t stop Chandler from pointing out some more strategic miscues in the Knicks’ 110-106 loss to...
The former 1 pick in the NBA draft, Andrea Bargnani always has been known for his shooting ability. But no one has ever looked at the 7 foot Italian as being an incredible athlete.
In the 3rd quarter of the New York Knick/Philadelphia 76er game, Bargnani drove into the lane with the idea of throwing it down. Watch his epic dunk fail:
Bargnani image courtesy of Getty Images
The players get tickets for family and friends (and mistresses I suppose), but they are in a certain section and not on the floor.
I always assumed exceptions were made for the superstar players (LeBron’s mom gets to stand in the tunnel & Vanessa Bryant I am sure can go wherever she wants), but LaLa says she has to come out of pocket if she wants to sit courtside.
Carmelo Anthony reportedly told a fan during the Knicks loss to Brooklyn who pointed out he doesn't play defense, not even in the playoffs, to 'Shut the **** up.' Eyewitness 'tmt129' asks:I came to the game tonight like i always do. And was sitting behind the scorers table next to a guy that was giving you a hard time about playing defense You told the guy to...
Evan Turner loves a challenge.
At Wednesday’s morning shootaround, knowing that Tony Wroten would not be available for a second straight game, coach Brett Brown went to Turner and told him he was needed in more ways than one in Wednesday's game at Madison Square Garden.
“When Wroten comes in, I am usually strictly on a wing, so with Tony hurt we had to fill it out with...
Andrea Bargnani, the seven-foot center for the New York Knicks, didn’t have the best day yesterday. While attempting to channel his inner Michael Jordan (the Space Jam version of MJ, no less) for an improbable dunk, he had one of the worst NBA “fails” of the year. He pump-faked at the top of the key, then tried to split two defenders for what would have been a breathtaking...
According to the Forbes list of most valuable NBA team’s, The New York Knicks, for the second straight year, are at the top worth $1.4 billion. The Knicks, Lakers and Bulls are the only 3 teams in the league that have billion-dollar worth.
The Top 10 according to Forbes.com:
1. Knicks – $1.4 billion
2. Lakers -$1.35 billion
3. Bulls – $1 billion
4. Celtics – $875 million...
Carmelo Anthony digitally enhanced by Tim Legler to show his sadness. **Follow us on Twitter, Subscribe by Email, View via Our Mobile Site, or Return Home
On December 27, prior to a game against the Milwaukee Bucks in Brooklyn, Jason Kidd announced that forward Andray Blatche was to miss the team’s upcoming 4-game road trip, due to “personal reasons”. Kidd also announced that Blatche would not travel with the team, sparking speculation that Nets’ brass was displeased with the center’s conditioning, and he was staying back...