2021 NBA Franchise Valuation Rankings

The New York Knicks haven't won a championship in 38 years and have one 50-win season since 2000. They haven't finished better than third in the division since 2012 and are led by their 11th head coach in the last 19 years.

To put it kindly, and obviously, the Knicks haven't been good at basketball for a long time. They haven't had sustained success in more than two decades and routinely sit among the league's worst teams. Nonetheless, the Knicks are worth a lot of money.

As of this month, the Knicks are worth $5.42 billion, per Sportico's NBA Franchise Valuation Report, sitting just above the Golden State Warriors ($5.21 billion) and Los Angeles Lakers ($5.14 billion) for the most valuable NBA franchise.

Full Rankings:

1. New York Knicks: $5.42 billion
2. Golden State Warriors: $5.21 billion
3. Los Angeles Lakers: $5.14 billion
4. Brooklyn Nets: $3.40 billion
5. Boston Celtics: $3.18 billion
6. Chicago Bulls: $3.14 billion
7. Houston Rockets: $2.77 billion
8. Los Angeles Clippers: $2.63 billion
9. Dallas Mavericks: $2.58 billion
10. Toronto Raptors: $2.55 billion
11. Philadelphia 76ers: $2.5 billion
12. Miami Heat: $2.38 billion
13. San Antonio Spurs: $2.05 billion
14. Washington Wizards: $2.05 billion
15. Portland Trail Blazers: $1.91 billion
16. Milwaukee Bucks: $1.86 billion
17. Sacramento Kings: $1.84 billion
18. Denver Nuggets: $1.77 billion
19. Cleveland Cavaliers: $1.74 billion
20. Detroit Pistons: $1.74 billion
21. Utah Jazz: $1.71 billion
22. Oklahoma City Thunder: $1.66 billion
23. Phoenix Suns: $1.64 billion
24. Indiana Pacers: $1.55 billion
25. Atlanta Hawks: $1.54 billion
26. Orlando Magic $1.53 billion
27. Charlotte Hornets: $1.51 billion
28. Minnesota Timberwolves: $1.43 billion
29. Memphis Grizzlies: $1.36 billion
30. New Orleans Pelicans: $1.35 billion

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Photo: Wikimedia Commons