For the fourth straight year, the New York Rangers are the NHL’s most valuable franchise, according to Forbes.

James Dolan’s hockey team is valued at $1.55 billion, up 3 percent from 2017.

The Rangers are followed by the Toronto Maple Leafs ($1.35B), the Montreal Canadiens ($1.3B), the Chicago Blackhawks ($1.05B) and the Boston Bruins ($925M) on the 31-team list.

Other area teams fall at Nos. 19 (New Jersey Devils, $455M) and 22 (New York Islanders, $440M).

According to Forbes, the average value of an NHL team is $660 million, a 6 percent increase from last year. The league’s average annual operating hit a record $25 million, a 39 percent rise, due in part to the league’s 2013 collective bargaining agreement, which raised the owners’ split with the players to 50-50.

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