The average NBA franchise is now worth $1.36 billion, a 3.5-fold increase over the last five years. With the NBA's $24 billion media deal with ESPN and TNT, as well as a new collective bargaining agreement, franchise valuations have never been higher.

The New York Knicks are the NBA's most valuable franchise for the second straight year at $3.3 billion, followed by the Los Angeles Lakers at $3 billion. The Knicks turned an NBA-record $141 million operating profit last season while the Lakers were second at $119 million.

The Golden State Warriors have jumped in value by 37 percent to $2.6 billion and third in the NBA compared to sixth last season. Golden State had the highest average cable TV rating last season and have a season ticket wait list of 32,000.

The Warriors hosted 14 playoff games and during the NBA Finals grossed $10 million per game, before the NBA took their cut.

Operating profits average $31 million per team and could double this season.

Franchise: Current Value / Revenue / Operating Income
1. Knicks: $3.3 billion / $376 million / $141.2 million
2. Lakers: $3 billion / $333 million / $119.2 million
3. Warriors: $2.6 billion / $305 million / $74.2 million
4. Bulls: $2.5 billion / $232 million / $45.5 million
5. Celtics: $2.2 billion / $200 million / $60.1 million
6. Clippers: $2 billion / $185 million / $-11.8 million
7. Nets: $1.8 billion / $223 million / $15.7 million
8. Rockets: $1.65 billion / $244 million / $62.7 million
9. Mavericks: $1.45 billion / $194 million / $40.3 million
10. Heat: $1.35 billion / $210 million / $21.1 million
11. Cavaliers: $1.2 billion / $233 million / $-40.2 million
12. Spurs: $1.175 billion / $187 million / $18.4 million
13. Raptors: $1.125 billion / $193 million / $46.1 million
14. Suns: $1.1 billion / $173 million / $26.3 million
15. Kings: $1.075 billion / $164 million / $18.4 million
16. Blazers: $1.05 billion / $178 million / $41.2 million
17. Thunder: $1.025 billion / $187 million / $-8.4 million
18. Wizards: $1 billion / $155 million / $6.6 million
19. Magic: $920 million / $166 million / $44.7 million
20. Jazz: $910 million / $164 million / $36 million
21. Pistons: $900 million / $172 million / $21.8 million
22. Nuggets: $890 million / $157 million / $21.2 million
23. Hawks: $885 million / $169 million / $19.8 million
24. Pacers: $880 million / $157 million / $23.9 million
25. 76ers: $800 million / $140 million / $18.2 million
26. Grizzlies: $790 million / $155 million / NA
27. Bucks: $785 million / $146 million / $24 million
28. Hornets: $780 million / $158 million / $9.4 million
29. Wolves: $770 million / $154 million / $25.9 million
30. Pelicans: $750 million / $156 million / $16.7 million