NEW YORK (AP) -- The New York Knicks have surpassed the Los Angeles Lakers as the most valuable team in the NBA, according to Forbes' annual study.
Boosted by renovations to Madison Square Garden, the Knicks' value increased 41 percent to $1.1 billion. The Lakers were second at $1 billion.
The report released Wednesday estimated the average NBA team's value at $509 million, a 30 percent increase from last year.
The Chicago Bulls, Boston Celtics and Dallas Mavericks round out the top five.
The Milwaukee Bucks were the least valuable at $312 million. The Nets' value increased 48 percent to $530 million, ranking ninth, after their move from New Jersey to Brooklyn.
Tuesday, June 18 2013 9:03 PM EDT2013-06-19 01:03:21 GMT
Police in Massachusetts investigating a possible homicide questioned New England Patriots tight end Aaron Hernandez on Monday, according to a Sports Illustrated report.
Police in Massachusetts investigating a possible homicide questioned New England Patriots tight end Aaron Hernandez on Monday, according to a Sports Illustrated report.
Tuesday, June 18 2013 10:05 AM EDT2013-06-18 14:05:52 GMT
They lost three times in three months in one of the most overpowering stretches the NBA has ever seen.Now the Miami Heat have lost three times in five games.
They lost three times in three months in one of the most overpowering stretches the NBA has ever seen.Now the Miami Heat have lost three times in five games.
Monday, June 17 2013 12:20 PM EDT2013-06-17 16:20:15 GMT
lie Hermann has started her first full day as Rutgers' athletic director. A university spokesman tweeted late Monday morning that Hermann was on campus.
lie Hermann has started her first full day as Rutgers' athletic director. A university spokesman tweeted late Monday morning that Hermann was on campus.
Monday, June 17 2013 9:39 AM EDT2013-06-17 13:39:47 GMT
Jason Kidd has had one of the most impressive careers in basketball history. He's now adding another chapter to the story as the new head coach of the Brooklyn Nets. Kidd visited the set of GDNY on Monday and spoke about his new role and what is was like hanging up his jersey for good.
Jason Kidd has had one of the most impressive careers in basketball history. He's now adding another chapter to the story as the new head coach of the Brooklyn Nets. Kidd visited the set of GDNY on Monday and spoke about his new role and what is was like hanging up his jersey for good.
Sunday, June 16 2013 11:08 PM EDT2013-06-17 03:08:43 GMT
Manu Ginobili had 24 points and 10 assists in a surprise start to spark the San Antonio Spurs to a 114-104 victory over the Miami Heat in Game 5 of the NBAFinals on Sunday night, pushing the Spurs one victory away from their fifth championship.Danny Green scored 24 points and broke Ray Allen's finals record for 3s in a series with 25.
Manu Ginobili had 24 points and 10 assists in a surprise start to spark the San Antonio Spurs to a 114-104 victory over the Miami Heat in Game 5 of the NBAFinals on Sunday night, pushing the Spurs one victory away from their fifth championship.Danny Green scored 24 points and broke Ray Allen's finals record for 3s in a series with 25.
Sunday, June 16 2013 4:56 PM EDT2013-06-16 20:56:33 GMT
Kirk Nieuwenhuis hit a three-run homer that capped a four-run rally in the bottom of the ninth inning and the New York Mets salvaged what had been shaping up as another sorry afternoon, startling the Chicago Cubs 4-3 on Sunday.Matt Garza pitched seven scoreless innings and the Cubs scored twice on a madcap play that featured three bad throws by Mets infielders, giving Chicago a 3-0 lead.
Kirk Nieuwenhuis hit a three-run homer that capped a four-run rally in the bottom of the ninth inning and the New York Mets salvaged what had been shaping up as another sorry afternoon, startling the Chicago Cubs 4-3 on Sunday.Matt Garza pitched seven scoreless innings and the Cubs scored twice on a madcap play that featured three bad throws by Mets infielders, giving Chicago a 3-0 lead.
Sunday, June 16 2013 3:41 PM EDT2013-06-16 19:41:20 GMT
A published report by ESPN says the New York Rangers will hire Alain Vigneault as the club’s next head coach. Vigneault met with Madison Square Garden and team owner Jim Dolan on Friday after interviewing on Tuesday in La Quinta, California with president/general manager Glen Sather.
A published report by ESPN says the New York Rangers will hire Alain Vigneault as the club’s next head coach. Vigneault met with Madison Square Garden and team owner Jim Dolan on Friday after interviewing on Tuesday in La Quinta, California with president/general manager Glen Sather.
Saturday, June 15 2013 10:26 PM EDT2013-06-16 02:26:45 GMT
Yankees first baseman Mark Teixeira left New York's game against the Los Angeles Angels in the fourth inning Saturday with an aggravated right wrist.Teixeira, who missed the first 53 games of the season with a wrist injury, will be examined by Yankees team physician Dr. Christopher Ahmad in New York on Sunday.Teixeira flied out to right and fouled out to third before leaving Saturday's game when David Adams replaced him at first base.
Yankees first baseman Mark Teixeira left New York's game against the Los Angeles Angels in the fourth inning Saturday with an aggravated right wrist.Teixeira, who missed the first 53 games of the season with a wrist injury, will be examined by Yankees team physician Dr. Christopher Ahmad in New York on Sunday.Teixeira flied out to right and fouled out to third before leaving Saturday's game when David Adams replaced him at first base.
