New York Knicks

For the past decade, the New York Knicks have been the most valuable club in the NBA. Despite their many challenges as a team, they remain popular in New York. When they acquired an enormously rich television deal, they surpassed the Lakers as the most valuable NBA franchise.

The New York Knicks surpassed the Los Angeles Lakers as the most valued NBA franchise, thanks to a new 20-year media rights contract worth $100 million in its first year. Madison Square Garden, which has owned the team since 1997, made $155 million last year.

• Sports league: NBA
• Owner: Madison Square Garden Sports

Value: $5 billion