Knicks part with Kanter in buyout

NBA Commissioner David Stern left poses with the No. 1 overall draft pick Kyrie Irving

According to Forbes, the average National Basketball Association franchise is now worth $1.9 billion, up 13 percent over last year, and three times the amount from five years ago.

However, with NY acquiring center DeAndre Jordan in the Kristaps Porzingis deal last week and him being inserted immediately into the starting lineup, the odds of Kanter's minutes increasing reduced even more.

The New York Knicks are releasing center Enes Kanter, reports ESPN's Adrian Wojnarowski. The usual suspects top the list, with the Knicks on top, becoming the first franchise to ever crack the $4 billion mark on the Forbes list.

Having said that, the NBA Trade Deadline is not the end of the excitement. NY jumped up in value by 11 percent from last year's report. The Knicks are the most valuable at $4.0 billion, followed by the Lakers ($3.7 billion) and Warriors ($3.5 billion).

Owner James Dolan, who serves as the chairman and CEO of The Madison Square Garden Company, says he's received "feelers" on whether he'd be willing to sell at $5 billion.

FaceTime bug-finding teen gets bounty cash from Apple
Apple has released an iOS and macOS update, which fixes the FaceTime privacy bug that was highlighted last week. The report on The Verge adds that Apple has chose to compensate Grant Thompson, the boy who discovered the bug.

Met Éireann officially names Storm Erik and issues Status Orange warning
Storm Erik will be reaching Ireland soon bringing damaging winds to the country along with many other parts of the United Kingdom. The council has said that its road crews will be on standby to deal with any spot flooding caused by high winds and heavy rain.

D.C. United's Wayne Rooney thinks he still has Premier League quality
Rooney was the embodiment of Sam Allardyce's stodgy Everton era; a slow-paced player for a side who needs more dynamism than that. The Gunners will face Belarusian side BATE Borisov in the last 32 of the competition starting with the first leg next week.

The average team value for 2019 marks a 13 per cent increase on last year and three times the amount of five years ago.

By comparison, the average National Football League franchise is worth $2.57 billion. The Celtics have the second shortest odds at 8/1.

In February 2018, the Bulls were valued at $2.6 billion.

His Golden State Warriors are worth $3.5 billion according to Forbes' latest valuation that dropped on Wednesday.

The Knicks, who traded Kristaps Porzingis to the Dallas Mavericks last week, are also working on a buyout with Wes Matthews.

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