Nuggets' franchise value skyrockets year over year

Forbes values Thunder at record $1.25 billion

The least valuable team in the league, the New Orleans Pelicans, is still worth $1 billion, per Forbes.

Since Adam Silver took over as commissioner in February 2014, the league's teams went from being worth $19 billion collectively to $50 billion.

The Knicks have been shut out of the playoffs since 2013 but their value rose to $3.6 billion, up 9 percent from a year ago, due to renovations to Madison Square Garden which produced new revenue opportunities from sponsorships and seating.

James Dolan's Knicks are valued at a record $3.6 billion.

. For the first time, the average team is now worth over a billion dollars ($1.65 billion) a 22 percent increase from a year ago.

The Pacers' value increased 34 percent over last year - and 48 percent over the last two years - when they were valued at $800 million in 2017.

In 1991, the Warriors were the 18th-most-valuable National Basketball Association franchise at $50 million ($91 million in today's dollars).

The Los Angeles Lakers ($3.3 billion) are second on the list, followed by the Golden State Warriors ($3.1 billion), Chicago Bulls ($2.6 million) and Boston Celtics ($2.5 million) rounding out the top five. Other notable risers include the Sacramento Kings ($1.375 billion), Detroit Pistons ($1.1 billion) and Milwaukee Bucks ($1.075 billion), who have all received boosts from new arenas.

"The NBA is extremely well-positioned for worldwide growth", Sal Galatioto, president of leading sports finance and advisory firm Galatioto Sports Partners, told Forbes.

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