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Round 3
Stanley Cup Final

Forbes: Average NHL team values up 2 percent

Wednesday, 12.01.2010 / 7:41 PM / News

Associated Press

NEW YORK (AP) -The average value of NHL teams has increased, although the overall numbers mask struggles for many teams.

Forbes magazine's annual report released Wednesday found that the average franchise was worth $228 million, up 2 percent from last year. But nearly half of the league's teams - 14 of 30 - saw their values decline.

The Toronto Maple Leafs remain No. 1 at $505 million.

The changes in value highlight the gap between the haves and have-nots. Large-market franchises such as the New York Rangers, Montreal Canadiens, Boston Bruins, Philadelphia Flyers, Chicago Blackhawks and Vancouver Canucks had their values increase by double-digit percentage points.

The Rangers, Canadiens, Detroit Red Wings and Bruins round out the top five.

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Online:

www.forbes.com/nhl

Quote of the Day

Sick. I said a couple of bad words in Russian, but I said, 'Sick.'

— Capitals forward Evgeny Kuznetsov on Alex Ovechkin's highlight-reel goal in Game 2 against Rangers on Saturday