Forbes has always led the way when it comes to sports franchise valuations. How accurate the estimates are can be debated from now till next year.

With the Florida Panthers and the New Jersey Devils both gaining new owners this off-season, valuations are sure to have shifted. We patiently await 2013's numbers.

The spread between the rich and poor teams is dramatic. The five most valuable teams–the Maple Leafs ($1 billion), New York Rangers  ($750 million), Montreal Canadiens ($575 million), Chicago Blackhawks ($350 million) and Boston Bruins ($348 million)–are worth $605 million, on average. The five least valuable–the Carolina Hurricanes ($162 million), New York Islanders ($155 million), Columbus Blue Jackets ($145 million), Phoenix Coyotes ($134 million) and St. Louis Blues ($130 million)–are worth just $145 million, on average. Read More...