Thunder valued at $1.575 billion, according to Forbes

Los Angeles Lakers forward Le Bron James dunks the ball during the first quarter against the Sacramento Kings at Golden 1 Center in Sacramento California

The Warriors' new arena, the Chase Center, is the centerpiece of the team's empire, securing $2 billion in income before it even opened its doors last September.

According to Forbes magazine, the Knicks grew by over 15 per cent in the past year and are worth US$4.6 billion (S$6.4 billion), the highest in the National Basketball Association (NBA).

'We are actively looking for a new president of the New York Knicks and hope to conclude the search as quickly as possible, ' Dolan said in a statement.

Three teams top the $4 billion value mark, led by the $4.6 billion New York Knicks, proving yet again that in business and in sports, incompetence doesn't always suffer.

The NBA's current $2.7 billion media deal with ESPN and TNT expires after the 2024-25 season. The Knicks topped the list, with the Lakers at number-two and the Warriors third.

'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, just as we did with the hiring of [New York] Rangers president John Davidson'.

According to multiple reports, the Knicks plan to hire agent Leon Rose to become the team's next president, but before he can be hired, he needs to sever ties with his clients.

The Celtics are ranked directly behind the Chicago Bulls, who are valued at $3.2 billion and the Golden State Warriors, who are valued at $4.3 billion. Nonetheless, remembering the state of the team brings them back down to earth.

The Los Angeles Clippers ($2.6 billion) rank sixth, followed by the Brooklyn Nets ($2.5 billion), Houston Rockets ($2.475 million), Dallas Mavericks ($2.4 billion) and the defending National Basketball Association champion Toronto Raptors ($2.1 billion). That represented the biggest gain in value in the league.



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