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 Official 2024 NFL Team Valuations
| Rank | Team | Value | Revenue | EBITDA | Debt as % of value | Owner(s) |
| 1. | Dallas Cowboys | $11B | $1.22B | $550M | 3% | Jerry Jones |
| 2. | Los Angeles Rams | $8B | $825M | $243M | 44% | Stanley Kroenke |
| 3. | New England Patriots | $7.9B | $740M | $250M | 3% | Robert Kraft |
| 4. | New York Giants | $7.85B | $723M | $185M | 6% | John Mara, Steve Tisch |
| 5. | Las Vegas Raiders | $7.8B | $780M | $115M | 18% | Mark Davis |
| 6. | San Francisco 49ers | $7.4B | $687M | $138M | 3% | Denise DeBartolo York, John York |
| 7. | New York Jets | $7.35B | $677M | $145M | 7% | Woody Johnson, Christopher Johnson |
| 8. | Miami Dolphins | $7.1B | $673M | $160M | 7% | Stephen Ross |
| 9. | Philadelphia Eagles | $7B | $669M | $138M | 3% | Jeffrey Lurie |
| 10. | Chicago Bears | $6.4B | $590M | $103M | 2% | Virginia Halas McCaskey |
| 11. | Houston Texans | $6.35B | $640M | $122M | 0% | Cal McNair |
| 12. | Green Bay Packers | $6.3B | $638M | $128M | 2% | Publicly owned nonprofit |
| 13. | Washington Commanders | $6.25B | $602M | $137M | 17% | Josh Harris |
| 14. | Denver Broncos | $6.2B | $613M | $108M | 3% | Rob Walton |
| 15. | Seattle Seahawks | $6.11B | $600M | $82M | 3% | Paul G. Allen Trust |
| 16. | Atlanta Falcons | $6.1B | $625M | $101M | 16% | Arthur Blank |
| 17. | Pittsburgh Steelers | $6.08B | $596M | $105M | 3% | Arthur Rooney II, Daniel Rooney Trust |
| 18. | Kansas City Chiefs | $6.07B | $590M | $90M | 1% | Lamar Hunt family |
| 19. | Minnesota Vikings | $6.06B | $587M | $100M | 9% | Wilf family |
| 20. | Tampa Bay Buccaneers | $6.05B | $640M | $134M | 3% | Glazer family |
| 21. | Baltimore Ravens | $6.03B | $584M | $46M | 4% | Steve Bisciotti |
| 22. | Cleveland Browns | $6.02B | $581M | $95M | 5% | Jimmy Haslam, Dee Haslam |
| 23. | Tennessee Titans | $6.01B | $559M | $112M | 8% | Amy Adams Strunk |
| 24. | Jacksonville Jaguars | $6B | $567M | $139M | 5% | Shad Khan |
| 25. | Carolina Panthers | $5.9B | $571M | $84M | 3% | David Tepper |
| 26. | Los Angeles Chargers | $5.83B | $564M | $93M | 14% | Spanos family |
| 27. | Indianapolis Colts | $5.8B | $564M | $47M | 9% | James Irsay |
| 28. | New Orleans Saints | $5.5B | $569M | $83M | 5% | Gayle Benson |
| 29. | Detroit Lions | $5.4B | $546M | $75M | 4% | William Clay Ford family |
| 30. | Buffalo Bills | $5.35B | $551M | $29M | 7% | Terry Pegula, Kim Pegula |
| 31. | Arizona Cardinals | $5.3B | $543M | $85M | 3% | Michael Bidwill |
| 32. | Cincinnati Bengals | $5.25B | $546M | $42M | 2% | Mike Brown |
Join us on Sept. 10 in Los Angeles for CNBC x Boardroom’s Game Plan. This high-powered event brings together industry leaders, visionaries and influencers, along with executives and investors to explore the dynamic intersection of business, sports, music and entertainment. For more information and to request an invitation, click here.