Nope, it’s not LeBron James entry into the Miami Heat but Amar’e Stoudemire’s joining the New York Knicks last summer which top the chart. The Knicks has toppled the Los Angeles Lakers to become the NBA’s most valuable team this season. Stoudemire was a goldmine for the Apple City franchise as it led to a 12% mark up from last season thus making the Knicks current worth at $ 655 million, according to Forbes.
“The New York Knicks replace the Los Angeles Lakers as the NBA’s most valuable team, worth $655 million, up 12% from last year. Signing Amar’e Stoudemire has been a big help both on the court and with sponsors. The Knicks sold out their full-season ticket inventory for the first time since the 2001-02 season. The Knicks’ parent company, Madison Square Garden, Inc., signed a sponsorship deal with JPMorgan Chase in September that’s worth at least $30 million a year over 10 years.”
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