Pro Basketball News

Forbes: Lakers most valuable NBA team (AP) (sports.yahoo.com)

The Los Angeles Lakers are the NBA's most valuable team, and 12 others lost money in the 2008-09 season, according to Forbes magazine. In its annual listing of the value of NBA teams, Forbes finds the Lakers to be worth $607 million, up 4 percent for the league champions. Second are the New York Knicks at $586 million, but that is a 4 percent drop.