Forbes: Knicks, Lakers Worth $1.35 billion

#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