Forbes: Knicks top NBA at $1.1 billion

GREENBURGH, N.Y. -- Back in July, there was widespread belief the New York Knicks would take a financial hit after Jeremy Lin signed with the Houston Rockets.

Apparently, Lin's departure hasn't affected the bottom line.

According to Forbes Magazine, the Knicks are the NBA's most valuable team. The magazine's most recent franchise valuations state that the Knicks are worth $1.1 billion dollars.

The Lakers are second on this year's list, valued at $1 billion.

The Brooklyn Nets are ninth on Forbes' list, valued at $530 million.

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