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Forbes: Dallas Cowboys worth $4 billion, Patriots second at $3.2 billion

The Dallas Cowboys are the highest valued team in the NFL, according to Forbes. 
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The Dallas Cowboys are the most valuable team in the NFL for the ninth straight year, according toForbes.

The magazine values the Cowboys at $4 billion, making them the most valuable sports franchise in the world for the first time since 2007.

Forbes ranked the New England Patriots second, with a valuation of $3.2 billion. Rounding out the top five are the Washington Redskins, New York Giants and San Francisco 49ers.

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.

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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