Madison Square Garden

Knicks most valuable NBA franchise, worth $1.4 billion according to Forbes


A more favorable Collective Bargaining Agreement for the owners coupled with a crop of young stars increasing television ratings has been good for NBA owners.

Franchise valuations are up. Way up. Setting record levels up. Up 25 percent on average over a year ago up. The average team made a profit of $23.7 million.

And you wonder why the owners are so loyal to David Stern.

Those figures are from Forbes Magazine, which released its annual report on franchise values Wednesday. While the magazine’s assessment is admittedly somewhat flawed, until the NBA owners decide to open their books up to the public (good luck with that) this is the best we have.

At the top of the list money-making list is the New York Knicks, which in a renovated Madison Square Garden is worth a record $1.4 billion, according to Forbes. Because the renovated building is drawing in more money than expected, the Knicks had a league-record profit for the 2012-13 season of $96 million, the magazine estimates.

The Lakers are just half a step back of the Knicks in franchise value at $1.35 billion, reports Forbes, and the team turned a tidy $66 million profit, according to the magazine. The main reason for all the cash is the massive $3.6 billion local television deal they struck with Time Warner Cable.

The rest of the top 10 are the Chicago Bulls ($1 billion), the Boston Celtics ($875 million), the Brooklyn Nets ($780 million), the Houston Rockets ($775 million), the Miami Heat ($770 million), the Dallas Mavericks ($760 million), the Golden State Warriors ($750 million), and the San Antonio Spurs ($660 million).

The bottom five are the Minnesota Timberwolves ($430 million, and they operated at a $2.7 million loss last season according to Forbes), the Atlanta Hawks ($425 million), the New Orleans Pelicans ($420 million), the Charlotte Bobcats ($410 million), and the Milwaukee Bucks ($405 million).

Byron Scott isn’t thinking about next year’s draft

Byron Scott

A month into the season, the Lakers the only team in the Western Conference that can absolutely be written out of any hopes of playoff contention. They’re in an awkward position with the upcoming draft: they still need talent long-term, and they owe their pick to the Sixers if it’s outside of the top three. Not surprisingly, Byron Scott isn’t thinking about it at all.

Via Mark Medina of the Los Angeles Daily News:

With the Lakers fielding the NBA’s second-worst record, how much effort will the franchise put in retaining its top-3 protected draft pick?

“I don’t think about that whatsoever,” Lakers coach Byron Scott said. “I probably won’t until April. That’s something I can’t control.”

The Lakers are in a precarious position. They appear likely bad enough to lose a lot of games. But will they lose enough to land in the top three? Otherwise, the Lakers owe Philadelphia their first-round pick as part of the Steve Nash trade.

“It’s impossible to think about the team, try to get our young guys better, the team better and also thinking about a pick,” Scott said. “That’s six months away and you might not even get it.”

Given Scott’s mentality, it’s not at all surprising that he isn’t thinking about the draft. But with his insistence on playing Kobe Bryant and Lou Williams more crunch-time minutes on this dismal Lakers team than D'Angelo Russell and Jordan Clarkson, it’s pretty laughable that he talks about wanting to develop their young players.

Scott may not be thinking about the draft, but with the position the franchise is in and the likelihood that they lose their pick, he should be.

Report: Jahlil Okafor stopped for driving 108 MPH three weeks ago

Jahlil Okafor, Derrick Favors

Jahlil Okafor‘s first month in the NBA has been eventful for all the wrong reasons. Early Thanksgiving morning, he was caught on video getting into a fight with a heckler in Boston. Then, a report surfaced of another altercation from October, in which Okafor apparently had a gun pulled on him. Now, Keith Pompey of the Philadelphia Inquirer reports that Okafor was recently pulled over in Philadelphia for driving 108 miles per hour:

Four sources independently confirmed to The Inquirer the 76ers center was pulled over on the Ben Franklin Bridge around three weeks ago for 108 miles per hour. Anything over 40 m.p.h. is considered reckless driving.

108 miles per hour in a 40-mile zone isn’t a minor speeding infraction—it’s incredibly dangerous. It might be possible to write off any of these incidents by themselves—particularly the one where he had a gun pulled on him, which doesn’t seem to have been his fault at all. But together, the Boston incident and this speeding report aren’t a good look at all for Okafor. He’s had a solid start to the year for the Sixers, but off the court has been another story.

Harrison Barnes could be out “a few weeks” with ankle injury

Harrison Barnes
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The Warriors’ Friday night 135-116 win over the Suns was bittersweet: Harrison Barnes suffered a sprained left ankle in the third quarter and left for the remainder of the game. He missed Saturday night’s blowout win over the Kings as well, which extended the Warriors’ best-ever start to the season to 18-0.

Warriors interim head coach Luke Walton didn’t have an answer for how long Barnes will be out, but he said it could be a few weeks.

Via’s Ethan Sherwood Strauss:

“He’s being evaluated [Saturday]. We haven’t gotten the results back yet,” interim head coach Luke Walton told reporters before Saturday’s game. “It’s all speculation. It could be a few weeks. It could be a week.

“We’re not going to rush him back because we want to be healthy for later in the season and we don’t want lingering injures, so we’ll have him take his time.”

Losing a starter is never good news, but the silver lining for the Warriors is that they have enough depth and enough of a cushion to be able to take their time and not rush Barnes back. Saturday night, Walton opted to keep Andre Iguodala in his usual sixth-man role and instead start the little-used Brandon Rush in Barnes’ place. Rush responded with a 16-point performance, shooting 4-of-5 from the three-point line. If they can keep getting that kind of production out of their reserves, the Warriors will be able to withstand the loss of Barnes just fine.

Emmanuel Mudiay with the no-look, behind-the-head assist (VIDEO)

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Emmanuel Mudiay is still a work in progress on the court — he’s a rookie, what did you expect? — but he has the court vision and flair you cannot teach.

As evidence, I present this pass from Saturday night, where in transition Mudiay goes with the no-look, behind-the-head dish to Darrell Arthur for the dunk.

The Nuggets dropped this game to the Mavericks 92-81 and have lost six in a row.