The annual list of the value of each NHL team has been revealed, and there are some surprises, such as the Jets being second-last and the Oilers in the top five. <a href='https://www.sportico.com/feature/nhl-team-values-ranking-list-1234693065/?tpcc=friedman&utm_source=edit-vip' class='lien_marqueur' target='_blank' rel='noopener'>The league's average franchise is now worth $2.1 billion</a>, data assembled by Sportico showed. The likes of the Toronto Maple Leafs top the chart with a valuation of $4.25 billion, while the Columbus Blue Jackets lag with $1.3 billion. The combined valuation of the league's 32 clubs stands at $67.1 million. Sportico valuations were compiled using a mix of revenue figures, financials, and exhaustive interviews with insiders who close NHL transactions. <div align='center' class='pl20 pr20'><blockquote class='twitter-tweet' data-lang='en'><a href='https://twitter.com/friedgehnic/status/1973372951904088187'><div style='border:1px solid #CCCCCC;border-radius:10px;padding:20px;width:300px;'>Loading from Twitter ...</div></a></blockquote></div> Team owners, GMs, sports financiers, attorneys, and financial directors were among those interviewed, and each line item was checked and re-checked to be absolutely certain. How Team Values Are Assessed Total Value: Enterprise value of the franchise and businesses that relate to the team and property assets. Team Value: Team's fair market value based on local and national revenue, adjusted by a multiplier reflecting team-specific considerations. Not including businesses that are independent entities of the team owners. Team-Related Businesses & Real Estate: Owner's equity in team-related businesses, such as affiliates of the AHL, arenas, or practice facilities. Except for matters unrelated to team operations, including outside real estate initiatives or licensing relationships. <h3>The Edmonton Oilers Have the Highest Ranking of all Western Canadian Teams</h3> In terms of Canada's Western Canadian teams, the Edmonton Oilers lead the way, coming in 6th with a valuation of $2.76 billion, a 15% increase from last year. The Vancouver Canucks are next, much further down the list at 18th, with a $1.87 billion valuation, an 8% increase from last year. Sitting one spot right under the Canucks are the Calgary Flames, whose value comes in at $1.82 billion, a solid 15% increase from the past year. And unfortunately for the Winnipeg Jets, not only are they second last in the league, sitting at 31st, but they are also the lowest-ranked Canadian team, sitting one spot below the Ottawa Senators. The Jets are valued at $1.33 billion, but have increased by a whopping 21% from the previous season. <div align='center' class='pl20 pr20'><blockquote class='twitter-tweet' data-lang='en'><a href='https://twitter.com/PuckReportNHL/status/1973421557365326029'><div style='border:1px solid #CCCCCC;border-radius:10px;padding:20px;width:300px;'>Loading from Twitter ...</div></a></blockquote></div> For clubs that don't control their arenas, the leases of the franchises, frequently extremely favorable by virtue of municipal negotiations, become part of the team value. As the collective value of the NHL reaches all-time highs, these figures represent the power of hockey's largest markets while underscoring its smaller markets' struggles. As hockey's business model expands further, that disparity between top and bottom-ranked franchises could very well increase.