For the ninth consecutive year, the Toronto Maple Leafs topped the list with a valuation of $1.3 billion US (up from $1.1 billion in 2013) and the league's second-highest operating income of $70.6 million. All valuations are in U.S. dollars.
The Leafs were followed closely in the top three by the New York Rangers, with a valuation of $1.1 billion and the league's highest operating income of $84.4 million, and the Montreal Canadiens at $1 billion and $59.8 million, respectively.
The top three teams also happen to have the most lucrative local television deals and highest average ticket prices, the magazine reported.
The average NHL team value is at a historical high of $490 million, which Forbes credits to the new multi-billion dollar media deal with Rogers Communications.
The Vancouver Canucks were the only other Canadian franchise to make the top 10, listed in fifth position with a valuation of $800 million.
Bitter Alberta rivals the Edmonton Oilers and the Calgary Flames ranked 12th and 13th, with valuations of $475 million and $451 million, respectively. The remaining Canadian clubs, the Ottawa Senators and the Winnipeg Jets, made the 16th and 20th spots at $400 million and $358 million, respectively.
The distinguished honour of the least valuable NHL team went to the fledgling Florida Panthers, worth just $190 million.
The complete list in descending order (in U.S. dollars):- Toronto Maple Leafs: $1.3 billion
- New York Rangers: $1.1 billion
- Montreal Canadiens: $1 billion
- Chicago Blackhawks: $825 million
- Vancouver Canucks: $800 million
- Boston Bruins: $750 million
- Philadelphia Flyers: $625 million
- Los Angeles Kings: $580 million
- Detroit Red Wings: $570 million
- Pittsburgh Pengiuns: $565 million
- Washington Capitals: $500 million
- Edmonton Oilers: $475 million
- Calgary Flames: $451 million
- San Jose Sharks: $425 million
- Dallas Stars: $420 million
- Ottawa Senators: $400 million
- Minnesota Wild: $370 million
- Anaheim Ducks: $365 million
- Colorado Avalanche: $360 million
- Winnipeg Jets: $358 million
- New Jersey Devils: $330 million
- New York Islanders: $300 million
- Buffalo Sabres: $288 million
- Nashville Predators: $250 million
- St. Louis Blues: $235 million
- Tampa Bay Lightning: $230 million
- Arizona Coyotes: $225 million
- Carolina Hurricanes: $220 million
- Columbus Blue Jackets: $200 million
- Florida Panthers: $190 million