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Canadian teams top Forbes' most valuable list

Joffrey Lupul (left), Trevor Smith (middle) and David Clarkson of the Toronto Maple Leafs celebrate...

Joffrey Lupul (left), Trevor Smith (middle) and David Clarkson of the Toronto Maple Leafs celebrate a goal during NHL play against the New York Islanders at the Air Canada Centre Tuesday November 19, 2013. (DAVE ABEL/QMI Agency)

REUTERS

, Last Updated: 4:49 PM ET

Canadian teams dominated the top end of Forbes' annual list of the National Hockey League's most valuable franchises Monday with the Toronto Maple Leafs leading the pack for an eighth consecutive year.

For the first time since Forbes began tracking NHL team valuations in 1998, three of the league's five most valuable franchises are Canadian.

The Maple Leafs were deemed the most valuable at $1.15 billion, a 15% jump from last year, while the Montreal Canadiens ($775 million) and Vancouver Canucks ($700 million) were third and fourth, respectively, in the survey.

The Calgary Flames (11th, $420 million), Edmonton Oilers (14th, $400 million), Ottawa Senators (15th, $380 million) and Winnipeg Jets (16th, $340 million) were all ranked in the middle of the pack.

The New York Rangers ($850 million) were second on the list while the defending Stanley Cup champion Chicago Blackhawks ($625 million) rounded out the top five.

The NHL's 30 teams are worth an average $413 million, a 46 percent rise over last year but still below the average values of franchises in the other major North American sports leagues.

Forbes has previously said teams in the National Football League are worth an average of $1.17 billion, followed by teams in Major League Baseball ($744 million) and the National Basketball Association ($509 million).


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