When a sports fan is asked about who the worst owner in sports is, many of them probably think of New York Knicks owner James Dolan. The New York Knicks have been absolutely awful under Dolan, and there has been a lot of controversy around him as well. However, despite the team’s struggles, and despite all of the controversy he has brought to the organization, Dolan still has a massive net worth.
The New York Knicks have been very bad under James Dolan
James Dolan became the owner of the New York Knicks in 1999, according to the New York Post. In 1998-99 the Knicks actually went to the NBA Finals. The team then went to the Eastern Conference Finals in 1999-2000. This was at the end of a great era of New York Knicks basketball, though, where they went to the playoffs for 14 straight seasons from 1987-88 through 2000-01.
However, after losing in the First Round of the playoffs in 2000-01 under Dolan, the Knicks have only been to the playoffs four times since. They have also not made it past the Eastern Conference Semifinals in any of those trips. The Knicks have additionally lost in the First Round of the playoffs three of those four times.
In the past seven seasons, the Knicks have been consistently one of the worst teams in the NBA as they have not made the playoffs once during that time span. The Knicks lost 65 games in 2014-15. They also went 29-53 in 2017-18 and 17-65 last season.
Before the NBA suspended its season this year, the Knicks were 21-45.
Not only have the Knicks lost a lot under Dolan, but there have also been many controversies.
Continuing to bring controversy to the Knicks
James Dolan has been under fire recently because of his actions in the aftermath of the death of George Floyd. In addition to the team not making a statement at all, he sent an email to employees that said the Madison Square Garden Co. is “not more qualified than anyone else to offer our opinion on social matters,” according to ESPN. He then later sent a follow-up memo that said the company condemns “racism against anyone,” according to ESPN.
This is not the first time that Dolan has brought some controversy to the Knicks. In 2013, he barred director Woody Allen from Madison Square Garden’s VIP lounge after Allen refused to do any promotion for MSG Network or the Garden of Dreams Foundation, according to the New York Post.
In 2017, Knicks legend Charles Oakley was banned from the Garden. Dolan also publicly suggested that Oakley had an alcohol problem, according to the New York Post. Then, this year, filmmaker Spike Lee said that he was being harassed by Dolan and Knicks security after entering the Garden through the media/employee entrance, according to the New York Post.
These are just a few examples as there have been plenty more. However, this has not kept Dolan from having a massive net worth.
What is Dolan’s net worth?
Yeah, the New York Knicks have been absolutely awful under James Dolan’s leadership. Yeah, there has been a ton of controversy because of Dolan. However, you have to be very rich to own an NBA team, and that is no different with Dolan.
Celebrity Net Worth estimates that Dolan is worth $2 billion. Additionally, despite the Knicks consistently being one of the worst teams in the NBA, they are worth more than any other team in the league. The Knicks are worth $4.6 billion, according to Forbes.
From what history has told us, the New York Knicks will continue to be very bad under James Dolan. There will also continue to be a ton of controversy around the Knicks because of him. However, it also tells us that Dolan will continue to be a very rich man, and the Knicks will continue to be worth a lot of money.
Stats courtesy of Basketball Reference