The Most Valuable NHL Franchises
FOR THE FIRST TIME since 2004 the New York Rangers are the most valuable team in the National Hockey League, worth $1.2 billion—a number that got a big boost from the $1 billion renovation of Madison Square Garden two years ago and the team’s run to the Stanley Cup fnals in 2014 and semifnals in 2015.
The Montreal Canadiens, worth $1.18 billion, take the second slot thanks to a new local television deal that began last season. The Toronto Maple Leafs, the most valuable franchise for the last decade, slip to third ($1.15 billion). The Leafs have made just one playof appearance since 2006, and their 13year sellout streak at the Air Canada Centre ended last March.
The average NHL team is now worth $505 million, up 3% over a year ago. Most of the seven Canadian teams fell in value, though, as the Canadian dollar dropped 10% against the greenback during the 2014–15 season. 1. sidney Crosby Pittsburgh Penguins Total earnings: $16.5 million
salary: $12 Million endorsements: $4.5 million