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4. New York Knicks

5-year Average Profit: $30 million

The Knicks were losing money as recently as 2007 due to a bloated payroll, but have turned things around in a major way. Acquiring Amar'e Stoudemire and Carmelo Anthony last year helped sell out season tickets for the first time since 2001, and New York was the NBA's most profitable team last season. (Getty Images)

More From Forbes:
The NBA's Billionaire Owners
College Basketball's Most Valuable Teams
The Highest-Paid Athletes

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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