The New York Knicks is one of the most storied franchises in all of American sports. Historically, the Knicks have also been one of the most valuable teams in the NBA, a status that remains today despite their lacklustre on-court performances in recent seasons. According to data presented by Safe Betting Sites, the New York Knicks are still the NBA’s most valuable team with a valuation of $5B.
Knicks First Team To Be Valued At $5B Despite Recent On-Court Struggles
The New York Knickerbockers or more popularly known as the Knicks is one of the original teams of the NBA when it started in 1946 back when the league was still known as the Basketball Association of America. The Knicks cemented its place in the league’s history by being part of what the NBA refers to as the first-ever NBA game played, and even scoring the first-ever NBA basket.
Since then, the Knicks have won two NBA championships and have traditionally been competitive in the Eastern Conference, until more recent…
Source: Complete Sports