The National Hockey League has gained more respect for team values.
According to CNBC’s official 2024 NHL valuation, the average NHL team is worth $1.92 billion, with recent trade revenue multiples of MLB trade revenue.
What is the reason for the rise of the alliance?
Stable revenue growth, coupled with a strict salary cap and a league-wide revenue sharing system, almost ensures the profitability of the league’s 32 teams.
According to league data, NHL hockey-related revenue will be $6.3 billion in the 2023-24 season, an increase of 8.6% from the previous season. The NHL also hit a record $250 million in national sponsorship revenue last season and a record $2.4 billion in regular-season ticket revenue, the NHL said.
That growth, combined with richer media deals, is leading to better profits for professional hockey. According to CNBC calculations, the average EBITDA for NHL teams in the 2023-24 season is $45 million and revenue is $223 million.
Here is the ranking of the NHL’s 32 teams:
CNBC Official 2024 NHL Team Valuations
| rank | team | value | income | Interest, tax, depreciation and amortization advance profit | Debt as a percentage of value | owner |
| 1. | toronto maple leafs | $4B | $324 million | $139.5 million | 5% | Rogers Communications, BCE, Larry Tanenbaum |
| 2. | new york rangers | $3.5B | $317 million | $80 million | 1% | Madison Square Garden Sports Center |
| 3. | montreal canadiens | $3.1B | $302 million | $111.2 million | 7% | molson family |
| 4. | Los Angeles Kings | $2.85B | $337 million | $110.1 million | 4% | Philip Anschutz |
| 5. | boston Bruins | $2.75B | $280 million | $78.8 million | 4% | Jeremy Jacobs |
| 6. | edmonton oilers | $2.65B | $379 million | $156.9 million | 3% | Daryl Katz |
| 7. | chicago blackhawks | $2.6B | $265 million | $103.3 million | 4% | wiltz family |
| 8. | philadelphia flyers | $2.25B | $247 million | $39 million | 0% | Comcast |
| 9. | washington capitals | $2.1B | $246 million | $79.3 million | 9% | Ted Leonsis |
| 10. | detroit red wings | $2.05B | $239 million | $34.3 million | 4% | Marianne Illich |
| 11. | new jersey devils | $2B | $267 million | $50.4 million | 6% | David Blitzer, Josh Harris |
| 12. | vancouver canucks | $1.95B | $226 million | $31.1 million | 6% | Aquilini Investment Group |
| 13. | dallas stars | $1.9B | $244 million | $80.6 million | 8% | Tom Gaglady |
| 14. | vegas golden knights | $1.85B | $221 million | $49.4 million | 8% | bill foley |
| 15. | tampa bay lightning | $1.8B | $220 million | $39.7 million | 12% | Doug Ostrover, Mark Lipschultz, Jeff Vinick |
| 16. | new york islanders | $1.77B | $207 million | $29.2 million | 18% | Jon Ledecky, Scott Malkin |
| 17. | pittsburgh penguins | $1.75B | $218 million | $42.3 million | 11% | fenway sports group |
| 18. | calgary flames | $1.7B | $183 million | $29 million | 5% | N. Murray Edwards |
| 19. | colorado avalanche | $1.65B | $195 million | $20.6 million | twenty one% | Stan Kroenke |
| 20. | Seattle Kraken | $1.6B | $184 million | $19.4 million | 29% | David Bonderman, Samantha Holloway |
| twenty one. | minnesota wild | $1.55B | $202 million | $31.5 million | 11% | Craig Leipold |
| twenty two. | Nashville Predators | $1.5B | $192 million | $27.8 million | 7% | Bill Haslam |
| twenty three. | st louis blues | $1.47B | $189 million | $6.5 million | 9% | tom stillman |
| twenty four. | anaheim ducks | $1.43B | $175 million | $20.1 million | twenty one% | Henry Samueli, Susan Samueli |
| 25. | san jose sharks | $1.4B | $168 million | ($3.3 million) | 4% | Hasso Plattner |
| 26. | Florida Panthers | $1.35B | $181 million | $6.6 million | 12% | Vincent Viola |
| 27. | carolina hurricane | $1.3B | $184 million | $25.4 million | 15% | Tom Dundon |
| 28. | utah hockey club | $1.2B | $119 million | ($6.3 million) | 26% | Ryan Smith, Ashley Smith |
| 29. | ottawa senator | $1.18B | $154 million | $3.8 million | twenty three% | Michael Andlauer |
| 30. | buffalo sabers | $1.15B | $169 million | $15.8 million | 4% | Terry Pegula, Kim Pegula |
| 31. | winnipeg jets | $1.1B | $163 million | $1.3 million | 12% | Mark Chipman, David Thomson |
| 32. | columbus bluejackets | $1B | $148 million | ($1.5 million) | 13% | John McConnell, National |
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