Photo by Christian Petersen | Getty Images

According to Forbes Magazine, the addition of Amar’e Stoudemire turned out to be more economically useful than another Larry O’Brien trophy.

The Knicks are the champions of the bottom line – the franchise was appraised at $655 million, up a surprising 12% from last year, despite losing out on in the LeBron James sweepstakes last summer. The defending champion Lakers came in just behind New York at $643 million, up 6% from last year.

Other Interesting facts from Forbes report:

  • Chicago, Boston and Houston (Really?) rounded out to the rest of the top 5.
  • The Miami Heat grew 17% in value (no surprise there), while the Cleveland Cavaliers dropped a staggering 26%.
  • That other L.A. team checked in at #22.

Read the full report, or see the complete rankings.