Today Forbes Magazine released the 2011 NBA's Most Valuable Teams with the Knicks taken over the  No. 1 spot  from lakers.

1. New York Knicks

Team Value: $655 million

2. Los Angeles Lakers

Team Value: $643 million

3. Chicago Bulls

Team Value: $511 million

4. Boston Celtics

Team Value: $452 million

5. Houston Rockets

Team Value: $443 million

6. Dallas Mavericks

Team Value: $438 million

7. Miami Heat

Team Value: $425 million

8. Phoenix Suns

Team Value: $411 million

9. San Antonio Spurs

Team Value: $404 million

10. Toronto Raptors

Team Value: $399 million

11. Orlando Magic

Team Value: $385 million

12. Golden State Warriors

Team Value: $363 million

13. Detroit Pistons

Team Value: $360 million

14. Portland Trail Blazers

Team Value: $356 million

15. Cleveland Cavaliers

Team Value: $355 million

16. Utah Jazz

Team Value: $343 million

17. Philadelphia 76ers

Team Value: $330 million

18. Oklahoma City Thunder

Team Value: $329 million

19. Washington Wizards

Team Value: $322 million

20. Denver Nuggets

Team Value: $316 million