The Knicks have surpassed the Lakers as the NBA's most valuable franchise, according to findings from Forbes.

New York is valued at $655 million, while the Lakers are close behind at $643 million.

The Bulls, Celtics and Rockets comprise the remainder of the top-five.

In the wake of LeBron James leaving in free agency, the Cavaliers had a single-year decrease of 26%.

Full Rankings
1. Knicks
2. Lakers
3. Bulls
4. Celtics
5. Rockets
6. Mavericks
7. Heat
8. Suns
9. Spurs
10. Raptors
11. Magic
12. Warriors
13. Pistons
14. Blazers
15. Cavaliers
16. Jazz
17. 76ers
18. Thunder
19. Wizards
20. Nuggets
21. Nets
22. Clippers
23. Hawks
24. Kings
25. Bobcats
26. Hornets
27. Pacers
28. Grizzlies
29. Timberwolves
30. Bucks