The magazine values the Cowboys at $4 billion, making them the most valuable sports franchise in the world for the first time since 2007.
The average NFL team is now worth nearly $2 billion, a 38% increase from last year, according to Forbes. The one-year increase and new average value are both the highest since Forbes began tracking NFL team values 18 years ago.
The record values are in large part due to the league's broadcasting deals, which total $4.4 billion. The Cowboys made an NFL record $620 million of revenue last season, according to Forbes.
The Buffalo Bills earned the lowest spot on Forbes’s list, at $1.4 billion.
– Rohan Nadkarni