The New York Knicks are worth $4 billion, making them the most valuable team in the NBA according to a recent study from Forbes.

The average NBA team is worth $1.9 billion, which is up 13% from last year and three times the amount from 5 years ago. Local TV deals and new stadiums have played a significant role in increasing a team's value. The Bucks, who opened a new arena this season, have increased their value 145% to $1.35 billion since new ownership bought the team in 2014.

The Warriors have increased their value by 367% over the last 5 years. The Jazz made the most revenue per fan at $101. 

The Cavs were the only team to lose money and decline in value last year, according to the study.