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Ravens rank No. 10 on Forbes' NFL list

The Baltimore Ravens are worth $1.5 billion according to Forbes, which puts them at No. 10 among NFL franchises.

The Ravens' worth increased 22 percent from last year, which kept them in the top 10 on the list for a second consecutive season. The Ravens ranked No. 9 last season but were surpassed this year by the San Francisco 49ers, who are opening a new privately financed stadium this season.

The Ravens' value was boosted by the team signing a 10-year, $60 million stadium naming rights extension with M&T Bank. The Ravens rank ahead of the Denver Broncos ($1.45 billion).

Here are where the other AFC North franchises rank: the Pittsburgh Steelers (14th, $1.35 billion), Cleveland Browns (22nd, $1.12 billion) and Cincinnati Bengals (27th, $990 million).

Forbes estimates the average value of an NFL franchise at $1.4 billion. The Dallas Cowboys lead all NFL franchises at $3.2 billion.