There is one thing the Knicks have the rest of the NBA beat at, which is making money.
It is an 11 percent spike from last year's $3.6 billion valuation and is tied with the Yankees as the second-most valuable franchise in all U.S. sports, trailing the Dallas Cowboys, which are valued at $5 billion.
The Knicks have managed to do this with just two winning seasons over the past 18 years, but have gotten a boost from the $1 billion renovations at Madison Square Garden which were completed in 2013 and opened up new revenue opportunities for the franchise and owner James Dolan.
The Knicks also have the second-richest TV deal in the league with local cable station MSG and have continued to charge premium prices for seating at games.
Dolan said in an interview with ESPN in December that he could never say he would not consider selling the Knicks, revealing he has had potential buyers toss out numbers around $5 billion, but added he has not received a bona fide offer nor is he or the shareholders are at that point yet.
The NBA as a whole has risen in value by 13 percent from last year. The Lakers are the second-most valuable franchise at $3.7 billion while the Golden State Warriors, winners of three of the last four NBA Finals, are third at $3.5 billion but could challenge the Knicks next year as the league's leading revenue generator when they move into a new arena.