The average NBA franchise valuation is now a record $1.1 billion.

There are now 11 NBA teams worth at least $1 billion, compared to three a year ago.

The Los Angeles Lakers lead the way at $2.6 billion, up 93% over last year. 

The value of the New York Knicks shot up 79% to $2.5 billion, ranking the team second overall.

Rounding out the top five are the Chicago Bulls ($2 billion), Boston Celtics ($1.7 billion) and Los Angeles Clippers ($1.6 billion).

6. Brooklyn Nets: $1.5 billion
7. Golden State Warriors: $1.3 billion
8. Houston Rockets: $1.25 billion
9. Miami Heat: $1.175 billion
10. Dallas Mavericks: $1.15 billion
11. San Antonio Spurs: $1 billion
12. Portland Trail Blazers: $940 million
13. Oklahoma City Thunder: $930 million
14. Toronto Raptors: $920 million
15. Cleveland Cavaliers: $915 million
16. Phoenix Suns: $910 million
17. Washington Wizards: $900 million
18. Orlando Magic: $875 million
19. Denver Nuggets: $855 million
20. Utah Jazz: $850 million
21. Indiana Pacers: $830 million
22. Atlanta Hawks: $825 million
23. Detroit Pistons: $810 million
24. Sacramento Kings: $800 million
25. Memphis Grizzlies: $750 million
26. Charlotte Hornets: $725 million
27. Philadelphia 76ers: $700 million
28. New Orleans Pelicans: $650 million
29. Minnesota Timberwolves: $625 million
30. Milwaukee Bucks: $600 million