Lakers new most valuable NBA team
The magazine said Wednesday that the Lakers' value had increased 40 percent since last year to $900 million thanks to its blockbuster Time Warner TV deal. The Knicks' value increased 19 percent to $780 million with a boost from the renovation of Madison Square Garden.
Despite a shortened season, the average team is worth $393 million, up 6.5 percent from last year, aided by the new collective bargaining agreement.
The Milwaukee Bucks are the least valuable team at $268 million.
Copyright 2012 by The Associated Press