Here’s How Rich Every NFL Team Is in 2023
By Laura Beck,
2023-04-28Welcome to a deep dive into the financial world of the NFL.
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From soaring revenue streams to eye-popping valuations, we're about to explore just how mind-bogglingly wealthy each NFL team has become.
Get ready to uncover the astonishing wealth behind America's favorite sport, as we reveal just how 'Crazy Rich' these franchises truly are .
32. Cincinnati Bengals
- Revenue: $498 million
- Operating Income: $104 million
- Current Value: $3.5 billion
A surprising Super Bowl run last season helped the Bengals jump another 17% in value. With Joe Burrow seemingly on the rise as a quarterback, Cincinnati's future appears bright.
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31. Detroit Lions
- Revenue: $495 million
- Operating Income: $51 million
- Current Value: $3.6 billion
The Lions managed to achieve a 9-8 season last year, and there's continued optimism in the third season with Dan Campbell as coach.
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30. Buffalo Bills
- Revenue: $503 million
- Operating Income: $119 million
- Current Value: $3.7 billion
The Bills' fortunes are on the rise. Led by up-and-coming QB Josh Allen, the Bills enter the season as a Super Bowl favorite.
29. Arizona Cardinals
- Revenue: $500 million
- Operating Income: $83 million
- Current Value: $3.8 billion
The Cardinals have tied their future to dynamic quarterback Kyler Murray. Arizona is hoping he can be the difference in what's expected to be a challenging season. The team is undergoing a rebuild, with a new general manager, Monti Ossenfort, and a new coach, Jonathan Gannon. Additionally, Kyler Murray is on the PUP list and will be on the sidelines for at least the first four games of the season.
28. Jacksonville Jaguars
- Revenue: $517 million
- Operating Income: $110 million
- Current Value: $4 billion
The 2023 season for the Jacksonville Jaguars is looking promising. The team is in its second year under coach Doug Pederson. The team's quarterback, Trevor Lawrence, is predicted to break the franchise single-season record for touchdown passes and passing yards.
27. New Orleans Saints
- Revenue: $533 million
- Operating Income: $66 million
- Current Value: $4.08 billion
The Saints are in their second year under coach Doug Pederson. The team is favored to win the NFC South, but they aren't seen as a true Super Bowl contender with teams such as the Eagles, 49ers, and Cowboys.
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26. Carolina Panthers
- Revenue: $530 million
- Operating Income: $72 million
- Current Value: $4.1 billion
Panthers owner David Tepper is the NFL's second richest owner, with a personal net worth of $20.6 billion, Forbes reports. He has yet to purchase a winner with his franchise, however.
25. Los Angeles Chargers
- Revenue: $518 million
- Operating Income: $65 million
- Current Value: $4.15 billion
The Chargers' first season at the $5 billion SoFi Stadium was a financial windfall, with the seventh-highest operating income for the season.
24. Tampa Bay Buccaneers
- Revenue: $531 million
- Operating Income: $64 million
- Current Value: $4.2 billion
Led by quarterback Tom Brady, they won Super Bowl LV in 2021, marking their second Super Bowl championship in franchise history. Tom Brady, who concluded his illustrious NFL career with the Tampa Bay Buccaneers, has not indicated any plans to end his retirement and rejoin the team for training camp. It appears he is committed to this retirement decision.
23. Kansas City Chiefs
- Revenue: $540 million
- Operating Income: $95 million
- Current Value: $4.3 billion
KC Chiefs DT Chris Jones ended his holdout to return to the Chiefs on a one-year deal. Let's see how this fares for the team this season.
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22. Indianapolis Colts
- Revenue: $545 million
- Operating Income: $101 million
- Current Value: $4.35 billion
The Colts' value jumped 14% from 2022 to 2023.The Colts are still looking for their first long-term solution at the position since the sudden retirement of Andrew Luck in 2019.
21. Tennessee Titans
- Revenue: $516 million
- Operating Income: $85 million
- Current Value: $4.4 billion
The Titans had reached the playoffs for three consecutive seasons and in four out of the last five before their regular-season collapse last year.
20. Green Bay Packers
- Revenue: $577 million
- Operating Income: $69 million
- Current Value: $4.6 billion
The Green Bay Packers are raking in plenty of cash, but that money isn't going to line the pockets of any billionaire owners. The Packers are the one team in the four major sports that is owned by its fans.
19. Cleveland Browns
- Revenue: $545 million
- Operating Income: $104 million
- Current Value: $4.62 billion
With a 48% jump in franchise value (the second-largest on this list) last year, the Browns are a financial powerhouse. The team gambled on signing quarterback Deshaun Watson to an unprecedented $230 million, fully guaranteed contract.
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18. Baltimore Ravens
- Revenue: $544 million
- Operating Income: $108 million
- Current Value: $4.63 billion
Despite being a relatively young franchise, with their inaugural game in 1996, the Ravens secured Super Bowl titles in both 2001 and 2013.
17. Pittsburgh Steelers
- Revenue: $548 million
- Operating Income: $96 million
- Current Value: $4.63 billion
After 17 seasons with Ben Roethlisberger at quarterback, the Steelers are starting a new era with Mitchell Trubisky under center. Rest assured Mike Tomlin won't lower expectations for the franchise.
16. Minnesota Vikings
- Revenue: $540 million
- Operating Income: $99 million
- Current Value: $4.65 billion
The Vikings have disappointed their fans the past few seasons. Can new coach Kevin O'Connell get this team over the hump?
15. Atlanta Falcons
- Revenue: $544 million
- Operating Income: $159 million
- Current Value: $4.7 billion
By jettisoning longtime quarterback Matt Ryan, the Falcons signaled they would be undergoing a rebuild. That should be right in the wheelhouse for owner Arthur Blank, who founded Home Depot.
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14. Seattle Seahawks
- Revenue: $555 million
- Operating Income: $89 million
- Current Value: $5 billion
The Seahawks are owned by the estate of Paul Allen and managed by his sister, Jody Allen. There are plenty of rumors that the franchise could be up for sale at some point soon, and the price tag will certainly be high.
13. Denver Broncos
- Revenue: $563 million
- Operating Income: $103 million
- Current Value: $5.1 billion
An ownership group led by Wal-Mart heir Rob Walton purchased the team for $4.65 billion in 2022, and now the new owners are hoping quarterback Russell Wilson can lead the team to a title.
12. Houston Texans
- Revenue: $605 million
- Operating Income: $195 million
- Current Value: $5.5 billion
The Houston Texans head into the season with the third-best revenue number in the NFL.
11. Miami Dolphins
- Revenue: $600 million
- Operating Income: $111 million
- Current Value: $5.7 billion
The Dolphins last won a Super Bowl in 1973, and while no one is banking on them winning the Lombardi Trophy this year, this clearly is a franchise on the rise.
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10. Philadelphia Eagles
- Revenue: $598 million
- Operating Income: $187 million
- Current Value: $5.8 billion
The Eagles are a chic pick to win the NFC East, if quarterback Jalen Hurts can continue his upswing.
9. San Francisco 49ers
- Revenue: $622 million
- Operating Income: $152 million
- Current Value: $6 billion
The 2023 season for the San Francisco 49ers is shaping up to be an exciting one. The team is projected to be the NFC West champions, and Brock Purdy is expected to throw for over 30 touchdowns.
8. Washington Commanders
- Revenue: $545 million
- Operating Income: $87 million
- Current Value: $6.05 billion
The team made a huge move by choosing "Commanders" as the new name, and now they have found a new owner, Josh Harris, after former owner Daniel Snyder was fined $60 million for workplace harassment.
7. New York Jets
- Revenue: $560 million
- Operating Income: $126 million
- Current Value: $6.1 billion
Hope springs eternal in the NFL, even in New York. But the Jets haven't made the playoffs since 2010 and play in the rugged AFC East with the Bills, Dolphins and Patriots.
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6. Las Vegas Raiders
- Revenue: $729 million
- Operating Income: $72 million
- Current Value: $6.2 billion
The Silver and Black moved to Las Vegas before the 2020 season and got a huge bump from having fans at the new Allegiant Stadium. The franchise's value jumped another 22% this year.
5. Chicago Bears
- Revenue: $556 million
- Operating Income: $203 million
- Current Value: $6.3 billion
The Chicago Bears are looking good in 2023. They have a dynamic offense led by Justin Fields, and they have a loyal fan base that supports them through thick and thin. This is one of the most storied franchises in the NFL and they are ready to add another chapter to their history.
4. New York Giants
- Revenue: $639 million
- Operating Income: $216 million
- Current Value: $6.8 billion
The Giants made the playoffs in 2022, but lost to the Philadelphia Eagles, and fans of Big Blue aren't convinced that quarterback Daniel Jones is the man to lead the team back.
3. Los Angeles Rams
- Revenue: $686 million
- Operating Income: $125 million
- Current Value: $6.9 billion
Los Angeles' more successful, more lucrative team is coming off a Super Bowl victory. They play their home games at the $5 billion SoFi Stadium, which they share with the Los Angeles Chargers.
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2. New England Patriots
- Revenue: $684 million
- Operating Income: $206 million
- Current Value: $7 billion
The Patriots have learned that life is a lot easier when your quarterback is arguably the greatest player in NFL history. With Tom Brady under center, New England won six Super Bowl titles, and when Brady left for Tampa Bay for three seasons, the Pats struggled. Brady has recently made a dramatic return to New England and declared himself a "Patriot for life," but it remains to be seen if that will mean a return to champion status. Where they are elite, however, is in revenue. Their $684 million in revenue ranks second on this list.
1. Dallas Cowboys
- Revenue: $1.14 billion
- Operating Income: $504 million
- Current Value: $9 billion
As a business, "America's Team" has no peer. Dallas cruised to the title of the most valuable team in the NFL for the 17th straight year. Valued at $9 billion, the Cowboys, in fact, are the most valuable franchise in the world across all sports. Despite not reaching a Super Bowl since 1996, Dallas is the undisputed king of NFL revenue.
George Malone contributed to the reporting for this article.
Methodology: In order to discover how rich every NFL is, GOBankingRates used Forbes' "NFL Team Values 2023" data to find the following factors for all 32 NFL teams; (1) revenue from the 2022-23 season; (2) operating income for the 2022-23 season; (3) current team value entering the 2023-24 season, and (4) the 1-year change in value from the start of the 2022-23 season to the start of the 2023-24 season. Only factor (3) was used to determine final rankings. All data was collected on and up to date as of September 5, 2023.
This article originally appeared on GOBankingRates.com : Here’s How Rich Every NFL Team Is in 2023
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