The Warriors have the largest five-year gain in valuation of any National Basketball Association team, increasing in value by 367 percent during that time after being purchased for $450 million, a growth of over $3 billion. This is pretty stunning considering he is on a frightful New York Knicks team.
Forbes has the Knicks' net worth to be $4 billion.
To explain the jump in average team value, Forbes said each of the NBA's 30 franchises received more than $110 million last season from equally-shared revenue like national media, sponsorships, licensing and global streams. It's really been a top-to-bottom effort for a franchise that is closing in on the most valuable product both on the court and financially. Matthews went to NY in the blockbuster Mavericks deal last week.
Owner James Dolan, who serves as the chairman and CEO of The Madison Square Garden Company, says he's received "feelers" on whether he'd be willing to sell at $5 billion.If everything works out for them this summer, they could be in the position to really distance themselves from the Lakers in terms of net worth value. The Westgate SuperBook has the team at 16/1 to win the 2019 title.
The Golden State Warriors ($3.5 billion), Chicago Bulls ($2.9 billion) and Boston Celtics ($2.8 billion) round out the top five. Their leap to $2.9 billion represented an 11.5 percent increase in value year over year.
The 26-year-old Kanter indicated after Tuesday's game that he played his final game with the Knicks.