NHL teams took a massive financial hit last year due to the pandemic with a shortened 56-game season and extremely limited attendance for most clubs. However, things are looking up, as the average team value has risen to $865 million - an increase of 32% from last year, according to Forbes' Mike Ozanian. That's the biggest one-year jump since 2013.
For the seventh straight year, the New York Rangers sit atop Forbes' annual list of team valuations, and they've become the first NHL franchise valued at $2 billion. The Toronto Maple Leafs, Montreal Canadiens, Chicago Blackhawks, and Boston Bruins round out the unchanged top five.
The Edmonton Oilers had the biggest jump of any team, doubling last year's $550 million valuation to $1.1 billion.
No teams decreased in value from last year. The team with the smallest increase - the Vancouver Canucks - saw a 14% rise in value from last year and an 18% rise over the last five years.
Here's the full list:
| Rank | Team | Value | 1-year change | 5-year change |
|---|---|---|---|---|
| 1 | New York Rangers | $2B | 21% | 60% |
| 2 | Toronto Maple Leafs | $1.8B | 20% | 64% |
| 3 | Montreal Canadiens | $1.6B | 19% | 43% |
| 4 | Chicago Blackhawks | $1.4B | 29% | 51% |
| 5 | Boston Bruins | $1.3B | 30% | 63% |
| 6 | Philadelphia Flyers | $1.2B | 50% | 67% |
| 7 | Edmonton Oilers | $1.1B | 100% | 147% |
| 8 | Los Angeles Kings | $1.03B | 24% | 71% |
| 9 | Detroit Red Wings | $990M | 28% | 58% |
| 10 | New York Islanders | $950M | 83% | 147% |
| 11 | Washington Capitals | $930M | 24% | 62% |
| 12 | Pittsburgh Penguins | $900M | 38% | 58% |
| 13 | Seattle Kraken | $875M | N/A | N/A |
| 14 | Vancouver Canucks | $825M | 14% | 18% |
| 15 | New Jersey Devils | $775M | 46% | 142% |
| 16 | Dallas Stars | $720M | 25% | 44% |
| 17 | Vegas Golden Knights | $710M | 25% | N/A |
| 18 | Calgary Flames | $680M | 42% | 66% |
| 19 | Minnesota Wild | $675M | 35% | 69% |
| 20 | Tampa Bay Lightning | $650M | 38% | 113% |
| 21 | St. Louis Blues | $640M | 25% | 106% |
| 22 | Colorado Avalanche | $630M | 35% | 75% |
| 23 | San Jose Sharks | $625M | 21% | 33% |
| 24 | Anaheim Ducks | $620M | 35% | 49% |
| 25 | Nashville Predators | $600M | 38% | 122% |
| 26 | Winnipeg Jets | $575M | 42% | 69% |
| 27 | Carolina Hurricanes | $550M | 25% | 139% |
| 28 | Ottawa Senators | $525M | 22% | 48% |
| 29 | Buffalo Sabres | $500M | 30% | 67% |
| 30 | Columbus Blue Jackets | $475M | 53% | 94% |
| 31 | Florida Panthers | $450M | 53% | 91% |
| 32 | Arizona Coyotes | $400M | 40% | 67% |
