View photo
New York (AFP) - The New York Knicks are the most valuable team in the NBA at $3 billion, one of 13 NBA clubs valued at more than $1 billion this week by Forbes magazine.
The Knicks returned to the top spot on Forbes' list after a one-year absence when the Los Angeles Lakers claimed it last year.
Forbes said the 20 percent rise in its valuation of the Knicks was fueled by the club's new cable television deal and the fact that the Knicks have the highest premium-seating revenue in the league.