The Knicks' struggles on and off the court didn't keep the team from remaining the NBA's most valuable franchise for the third straight year, according to a list compiled by Forbes.
The Knicks were valued at $608 million, up 3 percent from the previous year despite a spate of losing, an embarrassing defeat in a sexual harassment lawsuit, and continuing questions about the future of coach Isiah Thomas.
The marquee franchise also had a league-high $196 million in revenues for the 2006-07 season while topping the list with negative $42.2 million in operating income after going 33-49 and missing the playoffs.