(Reuters) - The New York Rangers are the most valuable National Hockey League franchise for a fourth consecutive year at more than double the league average, according to the annual list https://www.forbes.com/sites/mikeozanian/2018/12/05/the-nhls-most-valuable-teams/#1e991f9050e2 published by business magazine Forbes on Wednesday.
The Rangers, who missed the playoffs last season, are worth $1.55 billion, up 3 percent from last year, Forbes said.
The Stanley Cup champion Washington Capitals were 10th on the list after their value rose 16 percent to $725 million.
The Vegas Golden Knights, who last season made an improbable run to the Stanley Cup Final in their debut campaign, are worth $575 million.
Forbes said the average value of the NHL's 31 teams rose 6 percent during the past year to $630 million, an increase it attributed primarily to a 39 percent jump in the league's average operating income to a record $25 million last season.
Also boosting the average value of teams was the NHL's 10-year collective bargaining agreement, which was ratified in 2013 and reduced the players' share of hockey-related revenue to a 50-50 split with owners from 57 percent.
(Reporting by Frank Pingue in Toronto, editing by Ed Osmond)