Knicks, Lakers most valuable NBA clubs

The New York Knicks and Los Angeles Lakers still top the list of most valuable NBA clubs, according to a survey released Wednesday by Forbes – which for the first time says every franchise is worth $1 billion.

According to its latest annual assessment, the average value of an NBA club is $1.65 billion.

The Knicks remain atop that list, worth $3.6 billion and another iconic club, the Lakers, are now worth an estimated $3.3 billion.

The Knicks are profiting from a $1 billion renovation to Madison Square Garden, which provided new revenue opportunities from sponsorships and seating.

The Lakers, who like the Knicks have struggled in recent years, continue to benefit from raking in almost $150 million a year from their local television and radio deals.

The reigning champions Golden State Warriors passed the Chicago Bulls in this year’s list to lie third with a value of $3.1 billion to Chicago’s $2.6 billion.

The Warriors’ jump is due in part to the new arena that is to open in two seasons.

The New Orleans Pelicans are the lowest-ranked, at an estimated value of $1 billion.

The club making the biggest jump from last year was the Philadelphia 76ers, who gained 48 percent in value to $1.18 billion, according to Forbes’ calculations.