by Kurt Badenhausen for Forbes

The hardwood might as well be paved with gold: The average National Basketball Association franchise is now worth $1.36 billion, a 3.5-fold increase over the last five years. Fueling the gains are the NBA’s $24 billion media deal with ESPN and TNT that kicked off this season, a new collective bargaining agreement ensuring seven years of labor peace and massive international opportunities.

Leading the way are a pair of big-market franchises mired in dysfunction: the New York Knicks and Los Angeles Lakers. The pair have lost 68% of their games over the past three-plus seasons, but businesswise it seems that they can do no wrong.  Check out the latest thoughts on NBA valuations-who’s hot and who’s not.  Read More.

And here’s the list of all the teams.