The New York Knicks are the NBA’s most valuable team for a sixth consecutive year, according to the annual list published by Forbes on Wednesday that showed massive TV contracts helped cushion the hit on profits from the COVID-19 pandemic.
The Knicks, who have just one playoff series victory since 2000 and last won an NBA title in 1973, are now worth $5 billion, up 8.7% from a year ago, according to Forbes https://www.forbes.com/sites/kurtbadenhausen/2021/02/10/nba-team-values-2021-knicks-keep-top-spot-at-5-billion-warriors-bump-lakers-for-second-place/?sh=3498c877645b.
The increase in the Knicks’ value was largely attributable to the renovation of…
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