Hendrick Motorsports ranked most valuable NASCAR team

Forbes has released its list of most valuable teams in NASCAR, and Hendrick Motorsports again ranked highest.

Forbes estimated the worth of the Hendrick team at $350 million, with little competition.

Joe Gibbs Racing ranked second at $225 million, and Stewart-Haas Racing was third at $180 million.

Forbes estimated the top-10 teams in NASCAR are worth an average $137 million, which is down 7 percent from last year. The top-10 teams generated a total of $864 million in revenue and $50 million in profit last season.