The average NHL team is now worth $2.1 billion. What does it mean for the league?

Sportico's annual NHL team valuation report reveals the dramatic financial growth of hockey franchises across the league.

The average NHL franchise is now worth $2.1 billion, representing a 17% increase from last year and more than doubling since 2022. Four Original Six teams lead the valuations above $3 billion, with the Toronto Maple Leafs topping the list at $4.25 billion. Meanwhile, Sun Belt teams are experiencing the fastest growth, with the Florida Panthers jumping 51% in value following their Stanley Cup championships.

• Original Six franchises dominate the top valuations, with Toronto, New York Rangers, Montreal, and Boston all worth over $3 billion
• Sun Belt teams show explosive growth, averaging $1.92 billion in value with 23% year-over-year increases
• The salary cap system and revenue sharing have created financial stability, allowing most teams to remain profitable
• Expansion franchise values are expected to start around $2 billion for future markets like Atlanta or Houston