Ranking third out of all 30 teams, the Leafs are reportedly worth a cool $1.1 billion. Even though they are north of the billion dollar mark, they have experienced a 4.4% drop in value in comparison to this time last year.
Unsurprisingly, just one season after all Canadian teams missed the playoffs, all seven dropped in value.
The western-most teams rank as the next three most valuable Canadian teams.
The Vancouver Canucks are seventh in the league worth $700 million, a 6.1% drop — the largest drop in the league — the Edmonton Oilers (14th) dropped 2.3% to $445 million, and the Calgary Flames are two spots lower at 16 worth $410 million after a 5.8% drop.
The Ottawa Senators and Winnipeg Jets round out the Canadian teams at 20 and 21 respectively. The Senators dropped four per cent to $355 million and the Jets $340 million is down three per cent from last year.
Rounding out the bottom of Forbes’ list are the Carolina Hurricanes. The perennial “poor” team is worth $230 million after climbing 2.2% from last year.
The Panthers saw the largest jump, increasing a whopping 26%, but their $235 million valuation is only higher than the Hurricanes. The Islanders jumped up 18% to $385 million which is 18th highest in the league.