The Toronto Maple Leafs are the most valuable team in the NHL and the only franchise in the league worth $ 2 billion, according to data compiled by Sportico.
The NHL welcomes the Seattle Kraken as its 32nd team for the 2021-22 season, but according to Sportico, the top five teams in the league are still the Original Six franchises. After the Maple Leafs are the New York Rangers ($ 1.87 billion), Montreal Canadiens ($ 1.5 billion), Chicago Blackhawks ($ 1.36 billion) and Boston Bruins ($ 1.31 billion).
The average value of an NHL team is $ 934 million and the combined market value of the 32 teams is $ 30 billion. The Kraken are already boosting the league’s profile, ranking 14th on Sportico’s list, valued at $ 860 million. The Vegas Golden Knights, who joined the NHL as the 31st team in 2017-18, is 12th on the list, valued at $ 890 million.
The Florida Panthers are a fashionable choice for the Stanley Cup this season and are expected to be one of the best teams in the league, but rank 31st in Sportico’s valuations ($ 520 million).
At the bottom of the list are the Arizona Coyotes ($ 410 million). Alex Meruelo became majority owner of the Coyotes in 2019 and inherits the team’s biggest dilemma: finding the right place to play. In August, the city of Glendale announced that it would not renew the lease for Gila Arena, where the team have played for 18 years. The team is targeting Tempe, where a new arena would be part of a $ 1.78 billion development project for an entertainment district. The proposed arena is set to open in 2025, which means the Coyotes must find a temporary home starting next season.
In the NHL, winning doesn’t always correlate with a high rating, as the Leafs have a 54-year drought for the Stanley Cup and haven’t made it past the first round of the playoffs since 2013. Meanwhile, the double defender of Stanley Cup champion Tampa Bay Lightning are 18th on Sportico’s list, valued at $ 805 million.