According to the latest reports by Forbes, despite a burning basketball fiasco in Madison Square Garden, the Knicks are the NBA’s most valuable team for the second straight year, worth $3.3 billion, up 10% over last year.

Now does everyone understand why James Dolan doesn't give a Lamborghini Veneno what you think about how his security disrespectfully handled Charles Oakley at MSG the other night? 

Said Forbes: “The Knicks have been shut out of the playoffs since 2013, but they are reaping the rewards of a $1 billion renovation of Madison Square Garden, which produced new revenue opportunities from sponsorships and seating. The team turned an NBA-record operating profit of $141 million last season despite a 32-50 tally on the hardwood. It was the first season of the team’s new local cable deal with MSG, which paid $100 million in year one.

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The Lakers are worth $3 billion, up 11%. Last season was the worst in franchise history on the court, but the team still made a mint as fans flocked to the Staples Center to see the Kobe Bryant retirement tour. The team sold out Staples per usual with courtside seats costing $2,750 per game. Bryant's final game featured $1.2 million worth of Kobe merchandise sold, setting a one-day sales record for an arena. The Lakers banked $119 million in profit, second most behind the Knicks.”

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At the end of last season, Cleveland was the NBA champs and had LeBron James, but according to Forbes James Dolan’s franchise was the most valuable in the NBA at $3 billion, rising from second in 2015 behind the Lakers. It’s was a 20 percent increase from Forbes’ 2015 estimate, and at the time about $300 million more than the Lakers.

Overall, the Knicks were the seventh most valuable franchise in the world behind the Cowboys ($4 billion), Real Madrid ($3.65 billion), Barcelona ($3.55 billion), Yankees ($3.4 billion), Manchester United ($3.32 billion) and the Patriots ($3.2 billion). The Bulls were third most valuable NBA team on last year's list at $2.3 billion.

The Knicks and Lakers have been the NBA’s most valuable teams for nearly two decades (both have held the top spot), but in 2017, a new team has captured the third spot and this franchise is growing in popularity, status and worth daily.

The value of the Golden State Warriors jumped an NBA-high 37% to $2.6 billion, third place in the league. The Warriors are up three spots from sixth last year. The record-breaking wins, Steph Curry’s emergence as a back-to-back MVP shooting god and the addition of former MVP Kevin Durant to the mix this season has laid the foundation for a Golden State corporate takeover during the next five years.

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The club posted the highest average cable TV rating (9.8) during the 2015-16 season, more than double the previous year. The season ticket wait list is at 32,000 with a renewal rate of 99.5%

And to top it off, unlike the Knicks and Lakers who have lost 68 percent of their games over the past three-plus seasons, the Warriors actually win.