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From Knicks to Pelicans, Forbes values every NBA team at at least $1 billion

Knicks owner James Dolan

NEW YORK, NY - MARCH 18: James Dolan, Executive Chairman of Madison Square Garden, answers questions during the press conference to introduce Phil Jackson as President of the New York Knicks at Madison Square Garden on March 18, 2014 in New York City. (Photo by Maddie Meyer/Getty Images)

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In 2015, the Hawks sold for $850 million. That was the last time an NBA franchise went for less than $1 billion.

It might never happen again.

Forbes valued every NBA franchise – led by the Knicks ($3.6 billion), Lakers ($3.3 billion) and Warriors ($3.1) – at at least $1 billion in its annual valuations. Though these are just estimates, they’re the best publicly available data on the worth of each NBA team.

The full rankings: