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The National Basketball Association – better known as the NBA – is one of the biggest franchises in America. It has more viewers than both Major League Baseball (MLB) and the National Hockey League (NHL), and it continues to grow every single year.
This past season, the average NBA team was worth $1.9 billion. That’s up over 13% from last year and three times the average from five years ago.
At the top of that list is the New York Knicks, worth over $4 billion, as the second most valuable sports franchise in the country.
But on June 20, 2019, the NBA draft ended in disaster for the Knicks. The results could tear the entire franchise apart – and even take investors’ portfolios down with it.
But there’s a way to make a fortune off of the number one NBA team’s epic downfall…