Forbes has unveiled its annual franchise valuations for all 32 NFL teams, with the Dallas Cowboys predictably sitting atop the list. According to Forbes, the Cowboys are worth $3.2 billion, making the club the second-most valuable sports franchise in the world, behind only soccer’s Real Madrid ($3.4 billion). Overall, the average NFL team is worth $1.43 billion, according to Forbes, up an impressive 23% from a year ago. That’s the most significant annual increase since 1999.

While Forbes’ figures shouldn’t be taken as gospel, they at least provide a general idea of the league’s most valuable and least valuable franchises, as well as a baseline for the sort of money owners would be seeking if they decided to sell their franchises. Here’s the complete list of Forbes’ franchise values:

  1. Dallas Cowboys: $3.2 billion
  2. New England Patriots: $2.6 billion
  3. Washington Redskins: $2.4 billion
  4. New York Giants: $2.1 billion
  5. Houston Texans: $1.85 billion
  6. New York Jets: $1.8 billion
  7. Philadelphia Eagles: $1.75 billion
  8. Chicago Bears: $1.7 billion
  9. San Francisco 49ers: $1.6 billion
  10. Baltimore Ravens: $1.5 billion
  11. Denver Broncos: $1.45 billion
  12. Indianapolis Colts: $1.4 billion
  13. Green Bay Packers: $1.375 billion
  14. Pittsburgh Steelers: $1.35 billion
  15. Seattle Seahawks: $1.33 billion
  16. Miami Dolphins: $1.3 billion
  17. Carolina Panthers: $1.25 billion
  18. Tampa Bay Buccaneers: $1.225 billion
  19. Tennessee Titans: $1.16 billion
  20. Minnesota Vikings: $1.15 billion
  21. Atlanta Falcons: $1.125 billion
  22. Cleveland Browns: $1.12 billion
  23. New Orleans Saints: $1.11 billion
  24. Kansas City Chiefs: $1.1 billion
  25. Arizona Cardinals: $1 billion
  26. San Diego Chargers: $995MM
  27. Cincinnati Bengals: $990MM
  28. Oakland Raiders: $970MM
  29. Jacksonville Jaguars: $965MM
  30. Detroit Lions: $960MM
  31. Buffalo Bills: $935MM
  32. St. Louis Rams: $930MM
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