Which NBA Teams Are Worth Over $1 Billion: Forbes List Franchise Prices For LA Lakers, New York Knicks & More

The NBA now has 11 teams worth over $1 billion, with three teams — the Los Angeles Lakers, New York Knicks and Chicago Bulls — now worth over $2 billion, says a new report from Forbes. The whopping new evaluations come as two of those eleven, the league-leading Atlanta Hawks and struggling, Russian-owned Brooklyn Nets are up for sale (potentially, at least, with the Nets), and the league enjoying a league-wide boom in revenue. But it still appears that billionaire and former Microsoft CEO Steve Ballmer overpaid for the Chris Paul and Blake Griffin-led Los Angeles Clippers when he bought the team for $2 billion in 2014. Read More »