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Knicks top Forbes' list of most Valuable NBA Franchises
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playa2
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1/25/2007  7:47 PM
Knicks top Forbes' list of most valuable NBA franchises

January 25, 2007

NEW YORK (AP) -- The New York Knicks are the NBA's most valuable franchise despite nearly $40 million in operating losses last season, according to a list compiled by Forbes.

The Knicks topped the list for the second straight year with a value of $592 million, up 9 percent from the previous year. They had an NBA-high $185 million in revenues for the 2005-06 season, but also topped the league with losses of $39 million.

New York had a payroll of more than $120 million, easily the NBA's largest, while going just 23-59 last season. The Knicks paid coach Larry Brown about $10 million for that season, then paid him another $18.5 million in a settlement after firing him with four years remaining on his contract.

Though Madison Square Garden chairman James Dolan said earlier this season that "it's never OK to lose business," he pointed out that the Knicks represented only about 3 percent of the total business of parent company Cablevision.

The Los Angeles Lakers were second at $568 million, while the Dallas Mavericks had a 15 percent jump after their first NBA finals appearance and were third at $463 million. Chicago ($461 million) and Houston ($439 million) rounded out the top five.

The complete Forbes list will be appear in its Feb. 12 issue.


If only Dolan would sell

JAMES DOLAN on Isiah : He's a good friend of mine and of the organization and I will continue to solicit his views. He will always have strong ties to me and the team.
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Queeniepop
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1/25/2007  7:56 PM
The contracts are worth a ton as evidenced by our payroll. The arena is a landmark so there is no value...its priceless. The network is worth a large amount of money.
K22
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USA
1/25/2007  8:15 PM
Now you see why Dolan will never sell the Knicks.
-- the preceding post was brought to you by the letter K and the number 22.
Rich
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1/25/2007  10:02 PM
Two words: opportunity costs.
fishmike
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1/25/2007  10:04 PM
Posted by Rich:

Two words: opportunity costs.
yea.. and opportunity loss

"winning is more fun... then fun is fun" -Thibs
nyk4ever
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1/25/2007  10:06 PM
Knicks fans are suffering while Dolan is riding high. Being a fan sucks.
"OMG - did we just go on a two-trade-wining-streak?" -SupremeCommander
efw
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1/25/2007  10:28 PM
over half a billion dollars...

whoa
holfresh
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1/25/2007  11:41 PM

A 23 win season from the Knicks produced the highest revenues in the league..How dumb can Dolan really be...
arkrud
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1/25/2007  11:57 PM
Posted by holfresh:


A 23 win season from the Knicks produced the highest revenues in the league..How dumb can Dolan really be...


How domd can fans really be?



"There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." Hamlet
BlueSeats
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1/26/2007  12:08 AM
Maybe it's like "The Producers" where making a bust and getting a tax write-off yields the biggest profit.



"Springtime, for Hitler, in MSG..."
Nalod
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1/26/2007  9:08 AM
and to think HOward stern got a $500 million dollar package!

Dolan need not sell th team to succeed, he just needs to thing more than year to year.

It be far easier for him to pull a steinbrenner and stop muddling in the teams day to day of roster.

While rebuilding is hard, look who garners the most excitement on the team?

DeeLee! Not an allstar, but a kid who works his but off and gets it done!

Doesn't hurt that he has "teenIdol" good looks, but when we draft and succeed we support our whomegrown talent!

"Starphuching" does not last!
Elite
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1/26/2007  9:18 AM
if there was no such thing as a salary cap we'd be the ****!!!!!!!!!
MS
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1/26/2007  9:44 AM
I think it has something to do with the most profitable city in the world, surrounded by the biggest corporations in the world that entertain at the garden.....

Dolan is pretty ****ing dumb, if your losing 40million on and NBA team in the biggest market in the world and your last two gms are Layden and Isiah Thomas you can't really be the best business man in the world especially with what has taken place
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Knicks top Forbes' list of most Valuable NBA Franchises
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