Forbes released Wednesday its NBA franchise valuations, with few surprises. The New York Knicks and Los Angeles Lakers stand as the only billion-dollar clubs, while the Milwaukee Bucks, at $312 million, are the league's least valuable team.
The Orlando Magic come out looking fairly good in these rankings. The valuation of $470 million is good for 14th in the league and represents 22 percent growth from the previous season. The team posted $126 million in revenue, good for 12th in the league.
"[B]usiness is still strong at the two year old [sic] Amway Center," according to Forbes. "The team's season ticket renewal rate was 80% this season and the team landed 1,500 new season ticket holders." Forbes also reports that only "eight to 10" of Amway Center's 60 luxury suites will be "up for renewal" once the 2012/13 season concludes.