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Cornerback Jourdan Lewis #27 of the Dallas Cowboys runs after a fourth quarter interception against the Denver Broncos at Sports Authority Field at Mile High on September 17, 2017 in Denver, Colorado.Dustin Bradford/Getty Images

The Dallas Cowboys not only are the NFL's most valuable franchise for the 11th straight year, they are the top-valued team in the world.

According to Forbes magazine, their worth increased 14 per cent in the last year, reaching $4.8-billion. That's more than $1-billion ahead of the Patriots ($3.7-billion).

Rounding out the NFL's top five are the Giants ($3.3-billion), Redskins ($3.1-billion) and 49ers ($3.05-billion).

On average, an NFL franchise is worth $2.52-billion, an increase of 8 per cent since 2016. Much of that can be attributed to rights fees and new stadiums or stadium renovations.

Every team is worth at least a billion, with the Buffalo Bills last at $1.6-billion. Forbes reported earlier this year that the average baseball franchise is worth $1.54-billion.

The Falcons had the highest increase in value, up 16 per cent to more than $2.47-billion The team just moved into a $1.5-billion stadium in Atlanta.

Globally, according to Forbes' rankings of July, the Cowboys are followed by baseball's New York Yankees at $3.7-billion, a figure the Patriots have now tied. Next in those rankings are three European soccer giants: Manchester United at $3.69-billion, FC Barcelona at $3.64-billion and Real Madrid at $3.58-billion.

The Calgary Flames’ president and CEO says the city’s new arena proposal would leave them “worse off” than they are now. Ken King contends that the city’s plan amounts to the team paying the entire cost of the project.

The Canadian Press

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