Forbes Releases NFL Franchise Valuations

Forbes has unveiled its annual franchise valuations for all 32 NFL teams, with the Dallas Cowboys once again sitting atop the list. According to Forbes, the Cowboys are worth a staggering $4 billion, unseating soccer’s Real Madrid ($3.26 billion) as the world’s most valuable sports franchise. Overall, the average NFL team is worth $1.97 billion, per Forbes — that’s a 38% increase over last year’s $1.43 billion average, which itself represented a 23% increase over 2013’s figures.

All 32 teams saw their values rise this year, and each team’s valuation is now well over $1 billion — a year ago, seven teams fell short of that mark, but this time around, the Bills’ $1.4 billion figure ranks last in the NFL. Of course, that was the exact amount Terry and Kim Pegula paid for the franchise when they bought it in 2014.

While Forbes’ figures shouldn’t be taken as gospel, they at least provide a general idea of the league’s most valuable and least valuable franchises, as well as a baseline for the sort of money owners would be seeking if they decided to sell their teams. Here’s the complete list of Forbes’ franchise values:

1. Dallas Cowboys: $4 billion
2. New England Patriots: $3.2 billion
3. Washington: $2.85 billion
4. New York Giants: $2.8 billion
5. San Francisco 49ers: $2.7 billion
6. New York Jets: $2.6 billion
7. Houston Texans: $2.5 billion
8. Chicago Bears: $2.45 billion
9. Philadelphia Eagles: $2.4 billion
10. Green Bay Packers: $1.95 billion
11. Denver Broncos: $1.94 billion
12. Baltimore Ravens: $1.93 billion
13. Pittsburgh Steelers: $1.9 billion
14. Indianapolis Colts: $1.88 billion
15. Seattle Seahawks: $1.87 billion
16. Miami Dolphins: $1.85 billion
17. Atlanta Falcons: $1.67 billion
18. Minnesota Vikings: $1.59 billion
19. Carolina Panthers: $1.56 billion
20. Arizona Cardinals: $1.54 billion
21. Kansas City Chiefs: $1.53 billion
22. San Diego Chargers: $1.525 billion
23. New Orleans Saints: $1.52 billion
24. Tampa Bay Buccaneers: $1.51 billion
25. Cleveland Browns: $1.5 billion
26. Tennessee Titans: $1.49 billion
27. Jacksonville Jaguars: $1.48 billion
28. St. Louis Rams: $1.45 billion
29. Cincinnati Bengals: $1.445 billion
30. Detroit Lions: $1.44 billion
31. Oakland Raiders: $1.43 billion
32. Buffalo Bills: $1.4 billion