What’s the most valuable NFL franchise?

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Welcome to the kickoff of CNBC’s first ever Official NFL Team Valuations.

Here we rank professional football teams on overall franchise value, calculated by CNBC senior sports reporter Michael Ozanian. The rankings factor in a team’s revenue, profit and debt to match up the 32 clubs ahead of the start to the NFL season.

Today, the average NFL team is worth $6.49 billion, representing major returns for league owners. Among the factors driving up values this year are big-money media deals, sponsorship revenue and non-NFL events at team stadiums, including Taylor Swift’s The Eras Tour.

Along with this year’s list, we look at how the Dallas Cowboys went from losing $1 million a month to becoming the NFL’s most valuable franchise at $11 billion, and why the Los Angeles Rams are worth so much more than the Los Angeles Chargers.

With global sports business booming and private equity investors finally off the NFL sidelines, where does your team rank among professional football’s most valuable franchises?

CNBC’s Official 2024 NFL Team Valuations

1. Dallas Cowboys: $11 billion

2. Los Angeles Rams: $8 billion

3. New England Patriots: $7.9 billion

4. New York Giants: $7.85 billion

5. Las Vegas Raiders: $7.8 billion

6. San Francisco 49ers: $7.4 billion

7. New York Jets: $7.35 billion

8. Miami Dolphins: $7.1 billion

9. Philadelphia Eagles: $7 billion

10. Chicago Bears: $6.4 billion

11. Houston Texans: $6.35 billion

12. Green Bay Packers: $6.3 billion

13. Washington Commanders: $6.25 billion

14. Denver Broncos: $6.2 billion

15. Seattle Seahawks: $6.11 billion

16. Atlanta Falcons: $6.1 billion

17. Pittsburgh Steelers: $6.08 billion

18. Kansas City Chiefs: $6.07 billion

19. Minnesota Vikings: $6.06 billion

20. Tampa Bay Buccaneers: $6.05 billion

21. Baltimore Ravens: $6.03 billion

22. Cleveland Browns: $6.02 billion

23. Tennessee Titans: $6.01 billion

24. Jacksonville Jaguars: $6 billion

25. Carolina Panthers: $5.9 billion

26. Los Angeles Chargers: $5.83 billion

27. Indianapolis Colts: $5.8 billion

28. New Orleans Saints: $5.5 billion

29. Detroit Lions: $5.4 billion

30. Buffalo Bills: $5.35 billion

31. Arizona Cardinals: $5.3 billion

32. Cincinnati Bengals: $5.25 billion



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