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Forbes: Knicks Most Valuable NBA Franchise

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Forbes has released its 2016 NBA Franchise valuations, and the New York Knicks came in with the top valuation of all 30 NBA franchises with a whopping $3 billion Forbes value.

While many of the key voices in sports ownership downplay the true accuracy of the Forbes values, their numbers are usually considered the best publicly available measuring stick for how much a sports team is worth.

Here is how Forbes ranked the NBA in 2016:

Rank Team Current Value Revenue Operating Income
#1 New York Knicks $3 B $307 M $108.9 M
#2 Los Angeles Lakers $2.7 B $304 M $133.4 M
#3 Chicago Bulls $2.3 B $228 M $67.6 M
#4 Boston Celtics $2.1 B $181 M $57.4 M
#5 Los Angeles Clippers $2 B $176 M $20.6 M
#6 Golden State Warriors $1.9 B $201 M $57.6 M
#7 Brooklyn Nets $1.7 B $220 M $-5.7 M
#8 Houston Rockets $1.5 B $237 M $74.6 M
#9 Dallas Mavericks $1.4 B $177 M $24.3 M
#10 Miami Heat $1.3 B $180 M $20.8 M
#11 San Antonio Spurs $1.15 B $170 M $31.9 M
#12 Cleveland Cavaliers $1.1 B $191 M $24.8 M
#13 Phoenix Suns $1 B $154 M $21.8 M
#14 Toronto Raptors $980 M $163 M $23.5 M
#15 Portland Trail Blazers $975 M $157 M $4.1 M
#16 Washington Wizards $960 M $146 M $2.9 M
#17 Oklahoma City Thunder $950 M $157 M $20.9 M
#18 Sacramento Kings $925 M $141 M $4.2 M
#19 Orlando Magic $900 M $143 M $35.4 M
#20 Utah Jazz $875 M $146 M $27.5 M
#21 Denver Nuggets $855 M $140 M $26.3 M
#22 Detroit Pistons $850 M $154 M $16 M
#23 Indiana Pacers $840 M $138 M $19 M
#24 Atlanta Hawks $825 M $142 M $7 M
#25 Memphis Grizzlies $780 M $147 M $10.3 M
#26 Charlotte Hornets $750 M $142 M $3.7 M
#27 Minnesota Timberwolves $720 M $146 M $15.1 M
#28 Philadelphia 76ers $700 M $124 M $13.9 M
#29 Milwaukee Bucks $675 M $126 M $11.6 M
#30 New Orleans Pelicans $650 M $142 M $19.7 M

While the New York Knicks posted the highest franchise value, the LA Lakers posted the highest Operating Income at more than $133.4 million. Also, while the New Orleans Pelicans posted the lowest franchise value at $650 million, they are still believed to have posted Operating Income of more than $19.7 million.

The Brooklyn Nets, whose Forbes value came in at $1.7 billion, also posted the largest Operating Loss of any NBA team with a negative $5.7 million, making the Nets the only NBA team on Forbes list to have lost money.

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Sources: CJ McCollum Out Four Weeks with Fractured Left Foot

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Trail Blazers star CJ McCollum has a fractured left foot and will miss an extended period of time, sources tell @TheAthletic @Stadium.

Portland Trail Blazers say CJ McCollum will be re-evaluated in four weeks with a small hairline fracture to the lateral cuneiform in his left foot and a mid-foot sprain.

Source: Shams Charania and Chris Haynes on Twitter

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Sources: Rockets Want Three Second-Round Picks for PJ Tucker in Trade

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And how about P.J. Tucker? Numerous teams have already inquired about the stout versatile defender, and league sources say Houston is currently demanding three second-round draft picks for the upcoming unrestricted free agent.

Source: Kevin O’Conner of The Ringer

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Sources: Cavaliers Expected to Trade or Release Kevin Porter Jr.

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Cavaliers guard Kevin Porter Jr. is expected to be traded or released following an outburst Friday in the Cavs locker room, The Athletic has learned from several sources with direct knowledge of the events.

Porter, 20, who has not played this season due to personal issues, grew angry when he entered the locker room and realized the team gave his old locker to Taurean Prince, who was acquired in a blockbuster trade Wednesday.

Sources said Porter, whose locker was moved to the wall where the younger, end-of-bench players reside, began yelling and at one point threw food.

Source: Jason Lloyd, Joe Vardon, Shams Charania and Kelsey Russo of The Athletic

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