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With 2022 coming to a close, Forbes has released its list of NHL team values. The Chicago Blackhawks checked in at No. 4 with a value of $1.5 billion. That figure is up 7% from the team's value last year.

Despite undergoing a full-scale rebuild on and off the ice, the Blackhawks brand remains prominent. Chicago joins fellow Original Six franchises in the New York Rangers, Toronto Maple Leafs, Montreal Canadiens, and Boston Bruins in the top five.

The Rangers retained the top spot on Forbes' list with a value of $2.2 billion. That marks the eighth consecutive year with New York atop the field.

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Fresh off their third straight Stanley Cup appearance, the Tampa Bay Lightning saw the largest growth from last year. The Bolts are now valued at $1 billion, up a whopping 54% from last year.

Here's a complete look at the list.

NHL Team Values in 2022, Per Forbes

  1. New York Rangers: $2.2 billion
  2. Toronto Maple Leafs: $2 billion
  3. Montreal Canadiens: $1.85 billion
  4. Chicago Blackhawks: $1.5 billion
  5. Boston Bruins: $1.4 billion
  6. Los Angeles Kings: $1.3 billion
  7. Edmonton Oilers: $1.275 billion
  8. Philadelphia Flyers: $1.25 billion
  9. Washington Capitals: $1.2 billion
  10. Seattle Kraken: $1.05 billion
  11. Detroit Red Wings: $1.03 billion
  12. New York Islanders: $1.02 billion
  13. Vancouver Canucks: $1.01 billion
  14. Tampa Bay Lightning: $1 billion
  15. Pittsburgh Penguins: $990 million
  16. Vegas Golden Knights: $965 million
  17. New Jersey Devils: $960 million
  18. Dallas Stars: $925 million
  19. St. Louis Blues: $880 million
  20. Colorado Avalanche: $860 million
  21. Calgary Flames: $855 million
  22. Minnesota Wild: $850 million
  23. Nashville Predators: $810 million
  24. Ottawa Senators: $800 million
  25. San Jose Sharks: $740 million
  26. Anaheim Ducks: $725 million
  27. Winnipeg Jets: $650 million
  28. Carolina Hurricanes: $640 million
  29. Columbus Blue Jackets: $620 million
  30. Buffalo Sabres: $610 million
  31. Florida Panthers: $550 million
  32. Arizona Coyotes: $450 million