New York Rangers left wing Chris Kreider (20), center Derek Stepan (21) and right wing Kevin Hayes (13) celebrate after Stepan scored a goal against the Nashville Predators during the third period of an NHL hockey game, Monday, Nov. 23, 2015, in New York.
Julie Jacobson
November 24, 2015

NEW YORK (AP) The New York Rangers are the most valuable NHL franchise at $1.2 billion, taking the top spot on the Forbes list for the first time since 2004.

The magazine said Tuesday that Montreal is second at $1.18 billion, followed by Toronto at $1.15 billion. The Maple Leafs had been the most valuable team since 2005, but they've reached the playoffs only once since 2006 and their 13-year home sellout streak ended in March.

Chicago, winner of three of the last six Stanley Cups, is fourth at $925 million, with Boston next at $750 million. Completing the top 10 are Vancouver, Philadelphia, Detroit, Los Angeles and Washington.

The Rangers reached the Stanley Cup Finals in 2014 and the conference finals in 2015. Madison Square Garden recently underwent a $1 billion renovation.

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Online: www.forbes.com/nhl-valuations

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