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The 2023 valuations released by Sportico revealed that the Toronto Maple Leafs, New York Rangers, and Montreal Canadiens are the top three most valuable franchises in the NHL. The Leafs' value has surged to $2.65 billion, a 31% increase year-over-year. The NHL franchise values have increased by 31% on average, with the Tampa Bay Lightning ranking 12th at $1.25 billion, up three spots from last year. The surge is attributed to record-breaking transactions, and it's suggested that the valuations are still undervalued. Forbes also highlighted 27 sports teams that have doubled in value over the past five years.
