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November 30, 2011
Leafs most valuable in Forbes list
By QMI Agency
The Toronto Maple Leafs are hot -- and you can take that to the bank. The Leafs, who are on course to make the playoffs for the first time since 2004, have seen their value rise 3% since last year to $521 million. That makes them the most valuable team in the NHL, based on Forbes.com's rankings announced Wednesday. Coincidentally, the Original Six teams take the top half-dozen spots. The Montreal Canadiens are ranked third at $445 million and the Vancouver Canucks are seventh at $300 million -- the only other Canadian franchises to crack the top 10. The Calgary Flames ($220 million) are 13th; Edmonton Oilers ($212 million) 15th; Ottawa Senators ($201 million) 17th; and the Winnipeg Jets ($164 million) 24th. The value of the Jets franchise has increased by 21% thanks to its move from Atlanta. It was worth $135 million last year. The average NHL franchise is now valued at $240 million, Forbes says, 47% more than it was before the lockout that cancelled the 2004-05 season. Revenue in 2010-11 was up 5% to an average of $103 million per team. But player costs increased by 11% to an average of $59 million per team and, as a result, 18 of 30 franchises lost money, Forbes reported, Rank Team (2010 rank) 2011 value $mil (2010 value) % change 2010 to '11 1) Toronto Maple Leafs (1) 521 (505) 3% 2) New York Rangers (2) 507 (461) 10% 3) Montreal Canadiens (3) 445 (408) 9% 4) Detroit Red Wings (4) 336 (315) 7% 5) Boston Bruins (5) 325 (302) 8% 6) Chicago Blackhawks (7) 306 (300) 2% 7) Vancouver Canucks (8) 300 (262) 15% 8) Philadelphia Flyers (6) 290 (301) -4% 9) Pittsburgh Penguins (9) 264 (235) 12% 10) Los Angeles Kings (12) 232 (215) 8% 11) Dallas Stars (10) 230 (227) 1% 12) Washington Capitals (16) 225 (197) 14% 13) Calgary Flames (13) 220 (206) 7% 14) Minnesota Wild (14) 213 (202) 5% 15) Edmonton Oilers (20) 212 (183) 16% 16) San Jose Sharks (18) 211 (194) 9% 17) Ottawa Senators (17) 201 (196) 3% 18) Colorado Avalanche (15) 198 (198) E 19) Anaheim Ducks (19) 184 (188) -2% 20) New Jersey Devils (11) 181 (218) -17% 21) Tampa Bay Lightning (28) 174 (145) 20% 22) Buffalo Sabres (21) 173 million (169) 2% 23) Carolina Hurricanes (24) 169 (162) 4% 24) Winnipeg Jets (29) 164 (135) 21% 25) Nashville Predators (27) 163 (148) 10% 26) Florida Panthers (22) 162 (168) -4% 27) St. Louis Blues (23) 157 (165) -5% 28) Columbus Blue Jackets (25) 152 (153) -1% 29) New York Islanders (26) 149 (151) -1% 30) Phoenix Coyotes (30) 134 (134) E -- Source: Forbes.com
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