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The Edmonton Oilers’ back-to-back runs to the Stanley Cup Finals have had a positive effect on their net worth, according to a new report.
According to figures published by CNBC on Tuesday, the Oilers are now worth $3.1 billion, a 17 percent increase from 2024.
That increase puts the Oilers in the top five among all NHL franchises, moving them ahead of the Boston Bruins ($3.05 billion).
The top four teams remain unchanged, with the Toronto Maple Leafs at $4.3 billion. Rogers Communications, which owns SportsNet, became the majority owner of Maple Leafs Sports & Entertainment earlier this year.
The New York Rangers are second on CNBC’s ranking with a value of $3.8 billion, followed by the Montreal Canadiens ($3.4 billion) and the Los Angeles Kings ($3.15 billion).
Speaking on CNBC after the report was published, NHL commissioner Gary Bettman warned that the numbers are “undervalued” and “as much art as science”.
But Bateman added that “the trend is very positive.”
Bettman said NHL teams are more valuable than teams in other sports because the strict salary cap system helps teams get more predictable paychecks and stay in the playoff hunt for longer seasons. Entering play on Wednesday, 11 teams not in a playoff spot were within four points of the final wild-card position in their conference.
“What you see on the ice, the balance of competition, the entertainment value, is extraordinary, and that’s why we have a system that enables all of our teams to compete,” Bettman said.
The CNBC panel also pressed Batman on the expansion. While the commissioner wouldn’t tip his hand to which market the league might consider expanding to, he said any expansion fee for a new club would not be less than $2 billion.
CNBC’s complete ranking of NHL teams by value:
- Toronto Maple Leafs, $4.3 billion
- New York Rangers, $3.8 billion
- Montreal Canadiens, $3.4 billion
- Los Angeles Kings $3.15 billion
- Edmonton Oilers $3.1 billion
- Boston Bruins, $3.05 billion
- Chicago Blackhawks, $2.75 billion
- Philadelphia Flyers, $2.6 billion
- Washington Capitals, $2.5 billion
- Detroit Red Wings, $2.47 billion
- New Jersey Devils, $2.45 billion
- Vancouver Canucks, $2.2 billion
- Vegas Golden Knights, $2.1 billion
- Dallas Stars, $2.05 billion
- Carolina Hurricanes, $2 billion
- Tampa Bay Lightning, $1.95 billion
- Calgary Flames, $1.93 billion
- Minnesota Wild, $1.9 billion
- Colorado Avalanche, $1.85 billion
- New York Island, $1.82 billion
- Seattle Kraken, $1.77 billion
- Pittsburgh Penguins, $1.76 billion
- Florida Panthers, $1.75 billion
- Nashville Predators, $1.65 billion
- St. Louis Blues, $1.62 billion
- Anaheim Ducks, $1.61 billion
- Utah Mammoth, $1.6 billion
- San Jose Shores, $1.55 billion
- Winnipeg Jets, $1.46 billion
- Ottawa Senators, $1.44 billion
- Buffalo Sabres, $1.42 billion
- Columbus Blue Jackets, $1.4 billion
