Forbes' study also put the average value of the NBA's 30 teams at US$2.12 billion, making it the first time that team averages have exceeded US$2 billion. All NBA teams generated a combined $8.8 billion in revenue past year, a feat the league has never accomplished.
A failure to win on the court is not stopping the New York Knicks from growing in value. The Bulls' value rose 10-percent from previous year. The magazine lists the average value at US$2.12 billion.
The average National Basketball Association franchise is now valued at slightly more than $2.1 billion, with Forbes saying the New York Knicks - worth $4.6 billion by the magazine's calculations - rank atop the league list and grew by 15% over the previous year.More news: Miley Cyrus Made Fun of Her NYFW Wardrobe Malfunction
In the aftermath of Morey's tweet, China did not broadcast or stream the two preseason games that were held there while corporate partners in the country also scrapped or suspended relations with the league.
The three franchises are in elite company in US sports, where few franchises are estimated to be worth more than $4 billion.
According to Forbes' evaluations, the Raptors made $334 million in revenue last season (fifth most in the league behind the Knicks, Warriors, Lakers, and Rockets), up from $275 million the season prior.More news: Rail services continue to feel brunt of anti-pipeline protests across country
'I am not selling, but I am determined to find the right leader for the Knicks who will ensure the long-term success of the team, ' Dolan said in a statement.More news: COVID-19: World Health Organization official name for Coronavirus
While the ratings represent a short-term dip, these numbers point to a much larger, positive trend for the health of the league.