The Knicks were valued at $3.3 billion by Forbes in their latest NBA valuation, up from $3 billion last year. It's the second consecutive year New York has topped the list of the league's most valuable franchises.
Despite the lofty valuation, the Knicks are 23-33 and 12th in the Eastern Conference, three games ouf of the final playoff spot. New York has not particpated in the postseason since 2013.
The Lakers ($3 billion) and Warriors ($2.6 billion) round out the top three.