The Toronto Maple Leafs are the most valuable team in the NHL and the league’s only franchise, with a $2 billion value, according to data compiled by Sportico.
The NHL is welcoming the Seattle Kraken as its 32nd team for the 2021-22 season, but according to Sportico, the league’s top five are still the original six franchises. The Maple Leafs are followed by 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. Kraken is already cementing the league’s prestige, ranking 14th on Sportico’s roster, with a net worth of $860 million. The Vegas Golden Knights, who joined the NHL as the 31st team in 2017-18, ranked 12th on the list, with a value of $890 million.
The Florida Panthers are a fashionable pick for the Stanley Cup this season and are expected to be one of the top teams in the league, but they are ranked 31st in Sportico valuations ($520 million).
At the bottom of the list is the Arizona wolf ($410 million). Alex Meruelo became the Coyotes’ biggest owner in 2019 and inherited 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 of the Gila Arena, where the team has played for the past 18 years. The team has set its sights on Tempe, where the new arena will be part of a $1.78 billion development project for a recreational area. The proposed arena will be targeted in 2025, meaning the Coyotes need to find a temporary home early next season.
In the NHL, winning doesn’t always correlate with a high rating, with the Leafs suffering a 54-year drought in the Stanley Cup and not past the first round of the playoffs since 2013. Meanwhile, two-time defender Stanley is ranked 18th by Cup champion Tampa Bay Lightning on Sportco’s list, valued at $805 million.
The latest Stanley Cup winners are the St. Louis Blues (23, valued at $710 million), Washington Capitals (8, 1.17 billion) and the Penguins (15,845 million).