Lakers valued at $584 million

The annual Forbes magazine valuation rankings of NBA franchises are out and the Lakers have held steady at No. 2.

Here's a quick snapshot:

With a value of $613 million, the New York Knicks rank #1 for the fourth straight year, according to Forbes' NBA Team Valuations. Coming in at #2, also for the fourth straight year, are the Los Angeles Lakers, with a value of $584 million, up from last year's $560 million.

Breaking into the top ten this year are the Boston Celtics (#9), with a value of $447 million, up $56 million from last year. Dropping out of the top ten is the Miami Heat (#12) with a value of $393 million, down from last year's $418 million.

For the full list, expanded tables, and more stories related to this year's rankings, click here: