The New York Knicks ended their over 50 years of championship drought when they defeated the San Antonio Spurs 94-90 on Saturday night.
Fans were ecstatic. But this NBA season was also lucrative for New York City’s economy.
Mayor Zohran Mamdani and the New York City Economic Development Corporation (NYCEDC) announced that the Knicks had generated an estimated $202 million in economic activity during the first three rounds of the postseason. Each additional home game during the Finals was projected to be worth $90 million. The Knicks ended up playing two at home.
The NYCEDC analysis accounts for direct visitor spending on tickets, merchandise, lodging, and transportation, as well as indirect spending by arena operators across the five boroughs.
But the stunning reversal after decades has some fans turning to violent celebrations.
Though the game took place in Texas, the Knicks’ victory sent New York City into an absolute fan frenzy. It sparked chaotic scenes in the city despite pleas for restraint from team owner James Dolan.
Crowds in Midtown Manhattan became increasingly destructive, clashing with officers and leading to the arrest of 63 people. Gunfire erupted early Sunday, resulting in a 17-year-old boy being shot in the foot. Three people of interest were taken into custody, and a firearm was recovered. The riotous behavior also left 10 police officers injured.