Knicks at $4B — Where does it go?

The Knicks are limping to the finish line of another lost season, and attendance at their games has dipped for a third consecutive year, but James Dolan’s pockets will forever remain filled.

His franchise again topped Forbes’ annual value list of NBA teams, rising 11 percent from last year to crack the $4 billion mark. These valuations are more arbitrary than exact, but it does give credence to the $5 billion selling price Dolan floated in an interview with

ESPN published in December.

That statement – coupled with Dolan’s decision to separate his sports teams from the rest of MSG – prompted the owner to deny any intention of selling the Rangers or Knicks. One financial insider concurred and told the Daily News he believes Dolan isn’t separating his businesses to sell the sports franchises but rather to create capital for new arena projects in Las Vegas and England.

Either way, the Knicks are a money factory. They generated $443 million in revenue last season, according to Forbes, which is tops in the NBA – about $40 million more than the dynastic Warriors. The website lists the Knicks and Yankees as tied for the second-most valuable franchise in the U.S., below only the Dallas Cowboys (listed at $5 billion).

None of this is reassuring to Knicks fans who’ve followed the team with the worst record in the NBA since 2001 (they’ve also paid the most luxury tax in that period, all under Dolan). The last five seasons have been especially horrific with 262 losses in their last 381 games.

And at 10-43 while riding a 14-game losing streak, they’re on pace this season to finish with the worst record in franchise history.

The losing could cease with a home run summer for the Knicks, who are targeting Kevin Durant and Kyrie Irving in free agency. No hyperbole: it’s one of the most important summers in franchise history, more so than 2010.

And imagine the Knicks value if they ever won a championship.