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Maple Leafs most valuable in NHL

Updated: November 30, 2011, 7:29 PM ET
Associated Press

NEW YORK -- Forbes magazine has ranked the Toronto Maple Leafs as the most valuable NHL franchise with a worth of $521 million.

Forbes says the average team value hit a record $240 million, while operating income fell 21 percent due to soaring player salaries.

Hockey's wealth gap is widening: 18 of the 30 teams are losing money while top markets like Toronto, New York City and Montreal see their values rising, thanks to ticket revenue and cable television deals.

The Rangers ...

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