NEW YORK (AP) -For the third straight year, the Toronto Maple Leafs are the NHL's most valuable team, worth $448 million.
The Leafs increased in value by 9 percent and easily were valued ahead of the New York Rangers in Forbes' annual rankings. The Rangers are worth $411 million.
Third on the list were the Montreal Canadiens at $334 million, followed by the Stanley Cup champion Detroit Red Wings ($303 million) and the Philadelphia Flyers ($275 million).
But the biggest increase in value was made by the Pittsburgh Penguins, who made the Stanley Cup finals last spring and boast stars Sidney Crosby and Evgeni Malkin. Pittsburgh is worth $195 million, up a whopping 26 percent.
The next biggest gainers were the Calgary Flames, up 24 percent to $203 million) and the Minnesota Wild, who improved 21 percent and are worth $217 million.
The average team value was $220 million; by comparison, the average for NFL teams this season was $1 billion, according to Forbes.
At the bottom of the list were Columbus ($157 million), the New York Islanders ($154 million), and Phoenix ($142 million). The Coyotes were the only team to go down in worth, by 3 percent.
d the list with $160 million in revenues, followed by Montreal ($139) and the Rangers ($137).
Ominously, 12 teams showed a negative operating income, including the Flyers (minus $1.8 million), and Boston Bruins (minus $3 million) - both top 10 franchises in total value.
---
On the Web: www.forbes.com/nhl

Top NHL Public Bets

NHL Top Stories

Thumbnail Hosts still pushing for playoff spot   Maple Leafs rookie Auston Matthews snapped a seven-game goalless drought when he potted his 32nd marker of the season Saturday. Can Ontario’s darling carry that...
Thumbnail Laine, visitors aim to extend Minny's skid   A season that started so promisingly for the Wild is spinning out of control down the stretch. Can Bruce Boudreau’s troops find a way to right themselves...
Thumbnail Defending champs overcoming health issues Washington’s recent slide has provided a glimmer of hope for Pittsburgh in the Metropolitan Division race. But can the Pens avoid a letdown tonight against...
Thumbnail Western Conference heavyweights hit Canada With mere weeks left in the regular season, Ottawa’s staking a serious claim for the top spot in the Atlantic Division. But will Guy Boucher’s club manage to...
Thumbnail Gaudreau, friends to keep hot streak alive The Flames haven’t lost in regulation for a full month. Still, the ultra-competitive nature of the Western Conference makes Glen Gulutzan’s club anything but...

NHL Team Pages