Celtics 4th on valuable franchise list

The Celtics are the fourth-highest valued NBA franchise in the latest list released by Forbes Magazine. The magazine valued the team at $452 million.

The Knicks overtook the Lakers as the most valuable franchise, the Knicks’ value rising from $586 million last year to $655 million this year. Increased ticket sales and sponsorships contributed to the rise. The value of the Lakers went up six percent, from $607 million to $643 million. The Bulls, valued at $511 million, were third.

LeBron James had an impact on the value of two franchises. The Miami Heat’s value rose 17 percent, to $425 million. Meanwhile, the value of the Cleveland Cavaliers dropped a league-high 26 percent to $355 million.

Another fact for those interested in the NBA’s labor situation: 17 of the 30 teams are estimated to have lost money last season, according to Forbes. That is the most number of teams to lose money since the lockout-shortened season of 1999.

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