Every NBA team is worth at least $US1 billion each, according to Forbes' annual franchise valuations.
For the first time in the NBA's history, all 30 teams are worth at least $1 billion.
The New York Knicks lead the pack for the third straight year at $3.6 billion while the Los Angeles Lakers ($3.3 billion), Golden State Warriors ($3.1 billion), Chicago Bulls ($2.6 billion) and Boston Celtics ($2.5 billion) round out the top five.
The lowest valued team is the New Orleans Pelicans at $1 billion. The average franchise is worth $1.652 billion, which is 22 per cent more than last year.
The Forbes report cites the league's international growth prospects and its new television contracts with Time Warner's TNT and Walt Disney's ESPN among the reasons for financial success.
The Warriors continue to climb up the value rankings, leaping past the Bulls for third this year. Given Golden State's dominance the last several seasons, the team has been able to raise ticket prices by a significant amount without encountering problems selling seats.
The Houston Rockets received a big bump up to $2.2 billion - the price the franchise was reportedly purchased for by billionaire Tilman Fertitta late last year.
Other notable risers include the Sacramento Kings ($1.375 billion) and Detroit Pistons ($1.1 billion).
Just behind them is the Milwaukee Bucks ($1.075 billion), who have Australians Thon Maker and Matthew Dellavedova in their roster.
The Philadelphia 76ers, home to young Australian star Ben Simmons, had the biggest gain in value at 48 per cent to $1.18 billion.
The Cleveland Cavaliers are 15th on the list at $1.325 billion and are the only team to lose money on an operating basis thanks to its steep payroll and luxury tax bills.
