Forbes’ ranking of NHL franchise values has once again placed the New York Rangers at the top. The Rangers have retained that title for the last eight years in a row, but the NHL as a whole experienced some significant price rises.
The Rangers’ valuation rose 10% from the previous year to $2.2 billion. After the Rangers’ participation in the 2022 Eastern Conference Finals, such valuation was made. Only one other team had a valuation over $2 billion, and that was the Toronto Maple Leafs. The Boston Bruins ($1.4 billion), Montreal Canadiens ($1.85 million), and Chicago Blackhawks ($1.5 billion) completed the top five.
14 NHL teams were valued at $1 billion or more in total. This includes the $1 billion Tampa Bay Lightning, whose value increased by 54%, the largest increase in the league. That is what winning consecutive Stanley Cups and making three straight appearances in the Stanley Cup Final can accomplish for a club.
The price of the currently for sale Ottawa Senators increased by 52% to $800 million. That’s good news for the franchise, which is apparently attracting the interest of a number of purchasers, including leading man Ryan Reynolds.
At $450 million, the Arizona Coyotes were the least valuable franchise in the NHL, valued at $100 million less than the second-place Florida Panthers. The Coyotes saw a gain of 12% despite the comparatively modest valuation and the fact that they now share an arena with Arizona State University.
The average valuation of NHL teams is $1.03 billion, which is the first time the league has ever surpassed that mark. Below is a list of all of the team’s values.
| Team | Value | 1-Year Change |
| New York Rangers | $2.2 billion | 10% |
| Toronto Maple Leafs | $2 billion | 11% |
| Montreal Canadiens | $1.85 billion | 16% |
| Chicago Blackhawks | $1.5 billion | 7% |
| Boston Bruins | $1.4 billion | 8% |
| Los Angeles Kings | $1.3 billion | 27% |
| Edmonton Oilers | $1.275 billion | 16% |
| Philadelphia Flyers | $1.25 billion | 4% |
| Washington Capitals | $1.2 billion | 29% |
| Seattle Kraken | $1.05 billion | 20% |
| Detroit Red Wings | $1.03 billion | 4% |
| New York Islanders | $1.02 billion | 7% |
| Vancouver Canucks | $1.01 billion | 22% |
| Tampa Bay Lightning | $1 billion | 54% |
| Pittsburgh Penguins | $990 million | 10% |
| Vegas Golden Knights | $965 million | 36% |
| New Jersey Devils | $960 million | 24% |
| Dallas Stars | $925 million | 28% |
| St. Louis Blues | $880 million | 38% |
| Colorado Avalanche | $860 million | 37% |
| Calgary Flames | $855 million | 26% |
| Minnesota Wild | $850 million | 26% |
| Nashville Predators | $810 million | 35% |
| Ottawa Senators | $800 million | 52% |
| San Jose Sharks | $740 million | 18% |
| Anaheim Ducks | $725 million | 17% |
| Winnipeg Jets | $650 million | 13% |
| Carolina Hurricanes | $640 million | 16% |
| Columbus Blue Jackets | $620 million | 31% |
| Buffalo Sabres | $610 million | 22% |
| Florida Panthers | $550 million | 22% |
| Arizona Coyotes | $450 million | 13% |
