Knicks, Lakers top Forbes list of NBA's most valuable franchises

The New York Knicks and Los Angeles Lakers may be struggling on the court, but the two franchises are No. 1 and No. 2 when it comes to value, according to a list released by Forbes on Wednesday.

Despite the fact that both teams haven't been to the playoffs since the 2012-13 season, the Knicks — now worth $3.3 billion — are the NBA's most valuable team for the second straight year, up 10% from last year, while the Lakers are worth $3 billion, which is an 11% increase.

The Golden State Warriors, No. 3 on the list, jumped an NBA-best 37% from last year up to $2.6 billion. The Chicago Bulls ($2.5 billion) and Boston Celtics ($2.2 billion) round out the top five.

According to Forbes, the average NBA franchise is worth $1.36 billion — a 3.5-fold increase over the last five years — due in large part to the NBA's massive TV deal and continued global outreach.

TEAMS 6-30

6. Los Angeles Clippers ($2 billion)

7. Brooklyn Nets ($1.8 billion)

8. Houston Rockets ($1.65 billion)

9. Dallas Mavericks ($1.45 billion)

10. Miami Heat ($1.35 billion)

11. Cleveland Cavaliers ($1.2 billion)

12. San Antonio Spurs ($1.175 billion)

13. Toronto Raptors ($1.125 billion)

14. Phoenix Suns ($1.1 billion)

15. Sacramento Kings ($1.075 billion)

16. Portland Trail Blazers ($1.05 billion)

17. Oklahoma City Thunder ($1.025 billion)

18. Washington Wizards ($1 billion)

19. Orlando Magic ($920 million)

20. Utah Jazz ($910 million)

21. Detroit Pistons ($900 million)

22. Denver Nuggets ($890 million)

23. Atlanta Hawks ($885 million)

24. Indiana Pacers ($880 million)

25. Philadelphia 76ers ($800 million)

26. Memphis Grizzlies ($790 million)

27. Milwaukee Bucks ($785 million)

28. Charlotte Hornets ($780 million)

29. Minnesota Timberwolves ($770 million)

30. New Orleans Pelicans ($750 million)