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Cowboys valued at over $2 billion

Updated: September 5, 2012, 3:38 PM ET
By Darren Rovell | ESPN.com

The Dallas Cowboys are the NFL's first and only $2 billion franchise, Forbes Magazine announced Wednesday as it released its annual team value list.

Michael Ozanian, Forbes' executive editor, said the Cowboys' value, which the magazine tabs at $2.1 billion, is "a conservative estimate."

Ozanian said the magazine took into account the Cowboys' $80 million in sponsorship income, their state-of-the art stadium and the fact that they are the only team in the NFL that distributes its own ...

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