Patriots are the second-most valuable NFL franchise behind Cowboys for 4th year in a row

New England Patriots owner Robert Kraft, center, hoists the Lombardi Trophy for his team's win of Super Bowl XLIX as Patriots veterans hold the team's other three Lombardi trophies before an NFL football game against the Pittsburgh Steelers, Thursday, Sept. 10, 2015, in Foxborough, Mass. (AP Photo/Winslow Townson)

Looks like a Super Bowl win trumps a Deflategate controversy when it comes down to dollars and cents.

In the Forbes annual ranking of the most valuable teams in the NFL, the Patriots came in at No. 2 behind the Dallas Cowboys for the fourth year in a row.

The Cowboys are estimated to be worth $4 billion, which ranks them ahead of the Patriots, who checked in with a value of $3.2 billion. It’s the ninth consecutive year the Cowboys were ranked No. 1 despite not having appeared in a Super Bowl in 20 years.

Robert Kraft’s franchise was listed with 2014 revenues of $494 million with an operating income of $195 million. In the 2014 survey, the Patriots were valued at $2.6 billion with 2013 revenues of $428 million and operating income of $147 million.


After the Cowboys and Patriots, the Washington Redskins ($2.85 billion), New York Giants ($2.8 billion), and San Francisco 49ers ($2.7 billion) round out the top-five most valuable franchises.

According to the Forbes report, the average NFL team is now worth $2 billion, up 38 percent from a year ago. A $39 million increase in national television rights fees — shared by all 32 franchises — contributed to the increases across the board. The one-year increase and new average value are both the highest since Forbes began tracking NFL team values 18 years ago.

The Patriots next opponent — the Buffalo Bills — came in dead last on the Forbes list, with a value of $1.4 billion.

Here’s the complete list of the NFL’s most valuable franchises.

Where to watch Patriots games:

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