New York Knicks Considered Most Valuable NBA Franchise for 2016

Television contracts are on the rise and the NBA is heading towards a huge offseason when it comes to money. For franchises, money continues to rise and a new team is considered the most valuable in the NBA.

According to Forbes, the New York Knicks have become the most valuable NBA franchise (again) with a worth of $3 billion. That is fourth in the United States in all sports behind the Dallas Cowboys, New England Patriots, and New York Yankees.

It isn't bad news at all for the Minnesota Timberwolves. Although they are ranked near the bottom of the list, they have also increased the value of their franchise over one year by 15%. The Timberwolves also bring in about $147 million in revenue each year according to Forbes.

The most valuable franchise in the NBA for 2015 was the Los Angeles Lakers, and they have now moved back to second.

The average worth of an NBA franchise? $1.25 billion! Here's the full list:

1. New York Knicks (3 Billion)
2. Los Angeles Lakers (2.7 Billion)
3. Chicago Bulls (2.3 Billion)
4. Boston Celtics (2.1 Billion)
5. Los Angeles Clippers (2 Billion)
6. Golden State Warriors (1.9 Billion)
7. Brooklyn Nets (1.7 Billion)
8. Houston Rockets (1.5 Billion)
9. Dallas Mavericks (1.4 Billion)
10. Miami Heat (1.3 Billion)
11. San Antonio Spurs (1.15 Billion)
12. Cleveland Cavaliers (1.1 Billion)
13. Phoenix Suns (1 Billion)
14. Toronto Raptors (980 Million)
15. Portland Trail Blazers (975 Million)
16. Washington Wizards (960 Million)
17. Oklahoma City Thunder (950 Million)
18. Sacramento Kings (925 Million)
19. Orlando Magic (900 Million)
20. Utah Jazz (875 Million)
21. Denver Nuggets (855 Million)
22. Detroit Pistons (850 Million)
23. Indiana Pacers (840 Million)
24. Atlanta Hawks (825 Million)
25. Memphis Grizzlies (780 Million)
26. Charlotte Hornets (750 Million)
27. Minnesota Timberwolves (720 Million)
28. Philadelphia 76ers (700 Million)
29. Milwaukee Bucks (675 Million)
30. New Orleans Pelicans (650 Million)