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Forbes: Knicks, Lakers Worth $1.35 billion

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#1 New York Knicks

Current value: $1.4 billion
Revenue*: $287 million
Operating profit*: $96 million

A second round playoff run and higher revenue from the $1 billion renovation of Madison Square Garden pushed the Knicks’ operating income to $96 million last season, the highest in the history of the NBA. The team also boasted the second largest average TV audience per game (230,000), behind only the Los Angeles Lakers. Both the Knicks and MSG Network are owned by the publicly traded Madison Square Garden Company.

*Revenue and operating profit/loss are for the 2012-13 season.

#2 Los Angeles Lakers

Current value: $1.35 billion
Revenue: $295 million
Operating profit: $66 million

via Forbes

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Report: Dwane Casey, Pistons Agree to Extension

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The Detroit Pistons announced today that the team and head coach Dwane Casey have reached agreement on a contract extension through the 2023-24 NBA season. Per team policy, terms were not disclosed.

Source: Detroit Pistons

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Report: Victor Oladipo to Undergo Season Ending Surgery on Right Quad Tendon

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UPDATE: Victor Oladipo has decided to undergo season-ending surgery on his right quadriceps tendon. The surgery will take place tomorrow in New York. There is no timetable for his return at this time.

Source: Miami HEAT on Twitter

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Report: Jaylen Brown Out for Season with Torn Ligament in Left Wrist

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#NEBHInjuryReport This past weekend Celtics forward Jaylen Brown was diagnosed with a torn scapholunate ligament in his left wrist. Brown is expected to have the torn ligament surgically repaired later this week, and will be out for the remainder of the 2020-21 season.

Source: Boston Celtics on Twitter

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