Richest NBA teams

While no one will accuse the New York Knicks of being one of the better-run outfits in professional sports, the city’s NBA franchise has one big thing going for it: Location.

Bad (and often comical) as the Knicks have been in recent years, they still have the advantage of a huge fan base in America’s biggest media market. Put it all together, and you have the most valuable team in the league, according to Forbes‘ most recent assessment of NBA clubs.

Who else is raking in the dough?

Here are the Top 10, with 2008 valuations:

1. New York Knicks: $613 million

2. Los Angeles Lakers: $584 million

3. Chicago Bulls: $504 million

4. Detroit Pistons: $480 million

5. Cleveland Cavaliers: $477 million

6. Houston Rockets: $469 million

7. Dallas Mavericks: $466 million

8. Phoenix Suns: $452 million

9. Boston Celtics: $442 million

10. San Antonio Spurs: $415 million

Check out the rest, and see a slideshow, at Forbes.

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