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The Top 10 Most Valuable NHL Franchises

  • A National Hockey League team's average valuation is $1.03 billion.
  • The New York Rangers ($2.2B) are the league’s most valuable franchise for an eighth consecutive year.
New York Rangers right wing Kaapo Kakko (24) celebrates with his teammates after scoring a goal in the first period against the New York Islanders at Madison Square Garden.
Wendell Cruz-USA TODAY Sports

The average National Hockey League team is valued at over $1 billion for the first time in the league’s history, coming in at $1.03 billion.

Further, every team in the top 10 list of most valuable NHL franchises ranks at over a billion dollars.

The New York Rangers, worth $2.2 billion, a 10% increase from the previous year, is leading the way for the eighth consecutive year. 

The following four teams — the Toronto Maple Leafs, Montreal Canadiens, Chicago Blackhawks, and Boston Bruins — are all part of the Original Six; the sixth of the NHL’s original teams, the Detroit Red Wings, come in at 11th with a $1.03 billion valuation.

Taking that final spot in the top 10 is the Seattle Kraken — who also just so happen to be the league’s most recent expansion franchise, having begun play in 2021.

The list could look different very soon: The Ottawa Senators sold to Canadian businessman Michael Andlauer for close to $1 billion in June.

Here are the top 10 most valuable NHL franchises using data from Forbes’ most recent list (covering the 2021-22 season). 

RankTeamValue1-Year IncreaseRevenue
1New York Rangers$2.2 billion10%$249 million
2Toronto Maple Leafs$2 billion11%$248 million
3Montreal Canadiens$1.85 billion16%$239 million
4Chicago Blackhawks$1.5 billion7%$222 million
5Boston Bruins$1.4 billion8%$218 million
6Los Angeles Kings$1.3 billion27%$249 million
7Edmonton Oilers$1.28 billion16%$230 million
8Philadelphia Flyers$1.25 billion4%$190 million
9Washington Capitals$1.2 billion29%$192 million
10Seattle Kraken$1.05 billion20%$191 million
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