2010 Team Valuations

Posted: February 15, 2011 in MLB, NBA, NFL, NHL, Team Valuations

As promised yesterday, here are the Forbes Magazine team valuations from 2010.  There were a few big winners and a few big, big losers, but let’s just list ’em all and see what we’ve got, shall we?

1. Dallas Cowboys – $1,805 million – NFL
2. New York Yankees – $1,600 million – MLB
3. Washington Redskins – $1,550 million – NFL
4. New England Patriots – $1,367 million – NFL
5. New York Giants – $1,182 million – NFL
6. Houston Texans – $1,171 million – NFL
7. New York Jets – $1,144 million – NFL
8. Philadelphia Eagles – $1,119 million – NFL
9. Baltimore Ravens – $1,073 million – NFL
10. Chicago Bears – $1,067 million – NFL
11. Denver Broncos – $1,049 million – NFL
12. Indianapolis Colts – $1,040 million – NFL
13. Carolina Panthers – $1,037 million – NFL
14. Tampa Bay Buccaneers – $1,032 million – NFL
15. Green Bay Packers – $1,018 million – NFL
16. Cleveland Browns – $1,015 million – NFL
17. Miami Dolphins – $1,011 million – NFL
18. Pittsburgh Steelers – $996 million – NFL
19. Tennessee Titans – $994 million – NFL
20. Seattle Seahawks – $989 million – NFL
21. Kansas City Chiefs – $965 million – NFL
22. New Orleans Saints – $955 million – NFL
23. San Francisco 49ers – $925 million – NFL
24. Arizona Cardinals – $919 million – NFL
25. San Diego Chargers – $907 million – NFL
26. Cincinnati Bengals – $905 million – NFL
27. Boston Red Sox – $870 million – MLB
28. New York Mets – $858 million – MLB
29. Atlanta Falcons – $831 million – NFL
30. Detroit Lions – $817 million – NFL
31. Buffalo Bills – $799 million – NFL
32. St. Louis Rams – $779 million – NFL
33. Minnesota Vikings – $774 million – NFL
34. Oakland Raiders – $758 million – NFL
35. Los Angeles Dodgers – $727 million – MLB
36. Chicago Cubs – $726 million – MLB
37. Jacksonville Jaguars – $725 million – NFL
38. New York Knicks – $655 million – NBA
39. Los Angeles Lakers – $643 million – NBA
40. Philadelphia Phillies – $537 million – MLB
41. Los Angeles Angels – $521 million – MLB
42. Chicago Bulls – $511 million – NBA
43. Toronto Maple Leafs – $505 million – NHL
44. St. Louis Cardinals – $488 million – MLB
45. San Francisco Giants – $482 million – MLB
46. Chicago White Sox – $466 million – MLB
47. New York Rangers – $461 million – NHL
48. Houston Astros – $453 million – MLB
49. Boston Celtics – $452 million – NBA
50. Texas Rangers – $451 million – MLB
51. Atlanta Braves – $451 million – MLB
52. Houston Rockets – $443 million – NBA
53. Seattle Mariners – $439 million – MLB
54. Dallas Mavericks – $438 million – NBA
55. Miami Heat – $425 million – NBA
56. Phoenix Suns – $411 million – NBA
57. San Diego Padres – $408 million – MLB
58. Montreal Canadiens – $408 million – NHL
59. Minnesota Twins – $405 million – MLB
60. San Antonio Spurs – $404 million – NBA
61. Toronto Raptors – $399 million – NBA
62. Cleveland Indians – $391 million – MLB
63, Washington Nationals – $387 million – MLB
64. Orlando Magic – $385 million – NBA
65. Colorado Rockies – $384 million – MLB
66. Arizona Diamondbacks – $379 million – MLB
67. Baltimore Orioles – $376 million – MLB
68. Detroit Tigers – $375 million – MLB
69. Golden State Warriors – $363 million – NBA
70. Detroit Pistons – $360 million – NBA
71. Portland Trail Blazers – $356 million – NBA
72. Cleveland Cavaliers – $355 million – NBA
73. Milwaukee Brewers – $351 million – MLB
74. Utah Jazz – $343 million – NBA
75. Kansas City Royals – $341 million – MLB
76. Cincinnati Reds – $331 million – MLB
77. Philadelphia 76ers – $330 million – NBA
78. Oklahoma City Thunder – $329 million – NBA
79. Toronto Blue Jays – $326 million – MLB
80. Washington Wizards – $322 million – NBA
81. Florida Marlins – $317 million – MLB
82. Tampa Bay Rays – $316 million – MLB
83. Denver Nuggets – $316 million – NBA
84. Detroit Red Wings – $315 million – NHL
85. New Jersey Nets – $312 million – NBA
86. Los Angeles Clippers – $305 million – NBA
87. Boston Bruins – $302 million – NHL
88. Philadelphia Flyers – $301 million – NHL
89. Chicago Blackhawks – $300 million – NHL
90. Oakland Athletics – $295 million – MLB
91. Atlanta Hawks – $295 million – NBA
92. Sacramento Kings – $293 million – NBA
93. Pittsburgh Pirates – $289 million – MLB
94. Charlotte Bobcats – $281 million – NBA
95. New Orleans Hornets – $280 million – NBA
96. Indiana Pacers – $269 million – NBA
97. Memphis Grizzlies – $266 million – NBA
98. Minnesota Timberwolves – $264 million – NBA
99. Vancouver Canucks – $262 million – NHL
100. Milwaukee Bucks – $258 million – NBA
101. Pittsburgh Penguins – $235 million – NHL
102. Dallas Stars – $227 million – NHL
103. New Jersey Devils – $218 million – NHL
104. Los Angeles Kings – $ 215 million – NHL
105. Calgary Flames – $206 million – NHL
106. Minnesota Wild – $202 million – NHL
107. Colorado Avalanche – $198 million – NHL
108. Washington Capitals – $197 million – NHL
109. Ottawa Senators – $196 million – NHL
110. San Jose Sharks – $194 million – NHL
111. Anaheim Ducks – $188 million – NHL
112. Edmonton Oilers – $183 million – NHL
113. Buffalo Sabres – $169 million – NHL
114. Florida Panthers – $168 million – NHL
115. St. Louis Blues – $165 million – NHL
116. Carolina Hurricanes – $162 million – NHL
117. Columbus Blue Jackets – $153 million – NHL
118. New York Islanders – $151 million – NHL
119. Nashville Predators – $148 million – NHL
120. Tampa Bay Lightning – $145 million – NHL
121. Atlanta Thrashers – $135 million – NHL
122. Phoenix Coyotes – $134 million – NHL

Overall NFL franchise value – $32,718 million
Overall MLB franchise value – $14,741 million
Overall NBA franchise value – $11,063 million
Overall NHL franchise value – $6,843 million
Overall Big 4 franchise value – $65,365 million

Average (mean) NFL franchise value – $1,022 million
Average (mean) MLB franchise value – $491 million
Average (mean) NBA franchise value – $369 million
Average (mean) NHL franchise value – $228 million

Most average (mean) NFL franchise – Green Bay Packers (-4 million below mean)
Most average (mean) MLB franchise – St. Louis Cardinals (-3 million below mean)
Most average (mean) NBA franchise – Golden State Warriors (-6 million below mean)
Most average (mean) NHL franchise – Dallas Stars (-1 million below mean)

Highest/Mean (high = unbalanced)
MLB – 325.20%
NHL – $221.49%
NBA – 177.51%
NFL – 176.14%

Lowest/Mean (low = unbalanced)
NHL – 58.77%
MLB – 58.94%
NBA – 69.92%
NFL – 70.94%

Highest/Lowest (high = unbalanced)
MLB – 551.72%
NHL – 376.87%
NBA – 253.88%
NFL – 248.97%

As with yesterday’s post, a lot of information can be gleaned from all of this, so let’s go through a few things that I noticed right away.

First of all, this past year had several big winners and several big losers.  While the Cowboys and Yankees saw very noticeable, $100 million boosts to their overall franchise values, there were other teams that were the even bigger winners, some of whom you might not expect.  In baseball, the Rangers and the Twins saw large boosts to their value, thanks in no small part to their successful regular seasons and subsequent postseason appearances (not to mention the Twins’ new ballpark, Target Field).  The Marlins also benefited greatly, jumping an impressive 15% in franchise value, thanks primarily to the opening of their new stadium looming ever larger on the horizon.  In the NBA, teams that made splashes in the free agent market saw impressive increases, with the Knicks and especially the Heat greatly increasing their overall franchise value.  Additionally, the Warriors and the Nets saw big jumps thanks to new ownership that have expressed an actual willingness to spend some money.  Finally, in the NHL, we saw a bunch of teams benefit in what was one of the strongest hockey seasons in recent memory, with the Rangers, Blackhawks, Canucks, Bruins, Oilers, and especially the Canadiens all showing incredibly strong growths in their overall value.

But, where there are winners, there have to be losers, and there were a lot of losers in the world of professional sports in 2010.  In the NFL, three of the most discussed candidates for relocation all saw major drops in value, with the Bills, Rams, and Jaguars all dropping by double digit percentiles.  In baseball, there were no real losers per se, but there was a lot of stagnancy as a great deal of the league saw only tiny increases or small to mid drops in value.  The NHL saw several teams lose value, but no more than the Tampa Bay Lightning, which saw their value drop by an astonishing 24%.  It’s been said that the Tampa Bay area has been hit especially hard by the recent recession, and it looks like the Bolts were the main team to feel the cut as a result of it.  But when we’re talking about big losers this past year, look no further than the NBA, which saw two teams take a bath.  The Pistons lost fully 1/4 of their overall value in a single year, due to questions over their ownership and difficulty in selling the team and the fact that they’re competing in a busy market against the Wings and Lions.  But it was the Cleveland Cavaliers that saw the biggest nosedive in franchise value, losing 26% of their overall worth in 2010 thanks to losing LeBron James and their subsequent… um… let’s just say less than stellar season so far.

Remember when Dan Gilbert, the owner of the Cavaliers, was practically foaming about the mouth when LeBron James left?  I think you would too if you figured that your overall worth was going to drop significantly as a result of the decision, and especially when you figure that it’d be by $122 million!

Finally, we have to look a bit past the individual teams and see how the leagues fared this past season.  At first glance, it appears as if MLB and NHL are the winners as their overall franchise worth increased while the NFL and NBA were the losers as they saw their values drop.  And you’d definitely have an argument for this.  The NBA is in pretty bad shape, with the profitability of a number of teams in question and the likelihood of a lockout increasing every day.  The NFL, despite a strong year and great ratings (especially for the Super Bowl, which might have been the most watched program in American television history), is facing uncertainty over their labor situation as well.

But if you dig down a bit, you’ll see that the NHL’s situation is at best a wash.  While the league saw several big winners, it also saw it devolve into a league of haves and have-nots.  While Major League Baseball remains the most top-heavy league in professional sports thanks to the New York Yankees, the NHL actually surpassed the MLB as the most bottom-heavy league, with the bottom quarter of the league either showing drops or inconsequential gains.

More analysis might come later, but as it is now I think that’s more than enough!  If you notice anything else, please say so in the comments.

Pittsburgh Penguins 235
Dallas Stars 227
New Jersey Devils 218
Los Angeles Kings 215
Calgary Flames 206
Minnesota Wild 202
Colorado Avalanche 198
Washington Capitals 197
Ottawa Senators 196
San Jose Sharks 194
Anaheim Ducks 188
Edmonton Oilers 183
Buffalo Sabres 169
Florida Panthers 168
St. Louis Blues 165
Carolina Hurricanes 162
Columbus Blue Jackets 153
New York Islanders 151
Nashville Predators 148
Tampa Bay Lightning 145
Atlanta Thrashers 135
Phoenix Coyotes 134
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