The Crown Jewels of the NFL

How much is your favorite NFL team worth? Forbes crunches the numbers.

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There's big money to be made in the National Football League, but the buy-in to own a team is significant. Check out the 10 most valuable franchises in the NFL, as ranked by Forbes magazine.
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No. 10 -- Denver Broncos, $1.1 billion: We're not sure when these numbers were calculated, because the team's value went up despite Jay Cutler's departure and stud Brandon Marshall behaving like a toddler. If the RB committee fails and the O-line can't protect new QB Kyle Orton for more than a few plays a game their value will go down next year.
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No. 9 -- Chicago Bears, $1.1 billion: The Bears have boasted the second hottest ticket in the football, but we bet they'll get even hotter now that they have Jay Cutler. Sure, they've got no wide receivers, but Cutler could throw to your mom for two touchdowns and 100 yards a game.
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No. 8 -- Tampa Bay Buccaneers, $1.1 billion: The team was bought in '95 for $192 million, so we're impressed it's worth so much now. Ticket prices last year were 3rd-highest in the league, and although they've got lots more season ticket seats to fill this year, team owner Malcolm Glazer doesn't like to spend much on his payroll -- hence no talent you can name.
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No. 7 -- Philadelphia Eagles, $1.1 billion: There's no way this value was calculated after they signed quarterback Michael Vick. But Donovan McNabb is the money on that team, earning one of the biggest QB contracts in the NFL and Eagle fans are some of the craziest in the game.
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No. 6 -- Houston Texans, $1.2 billion: The Texans have never made it to the playoffs (although they got close last year) and have never won more than eight games a season, but they raised ticket prices this year and have a huge market base -- you know, Texas. Oh, and their stadium naming rights deal with Reliant is the biggest in the league ($300 million).
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No. 5 -- New York Jets, $1.2 billion: Ummm ... they share a stadium with the Giants. Seriously, Jets fans are cruel, but they're diehard loyalists. Gang green will also soon benefit from personal seat licenses and a new stadium.
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No. 4 -- New York Giants, $1.2 billion: The former Super Bowl champs have a massive waiting list and a new stadium slated to open up next year. Now that gunslinger Plaxico Burress is off the payroll, they've brought in some cheaper, but exciting new rookies and given the rest of the money to Eli Manning. Still, getting $20,000 a pop for personal seat licenses from season ticket holders is a big boost for their bankroll.
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No. 3 -- New England Patriots, $1.4 billion: Introducing the hottest ticket in the football. Hey, having the hottest quarterback (double entendre intended) doesn't hurt. And being the only team to consistently contend for championships is a boon for their fan base. They don't even need personal seat licenses to be worth a fortune.
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No. 2 -- Washington Redskins, $1.6 billion: The Skins have an operating income of $90 million. They spent half of that on Albert Haynesworth's new contract (just kidding -- but they spent $41 mil over 7 years). Premium seating is a priority at FedEx Field, which has the most seats in the NFL. Lots of fans = cash.
No. 1 -- Dallas Cowboys, $1.7 billion: Thanks to personal seat licenses, the team moved into a brand new stadium (beware of the scoreboard). But if Roy Williams can't manage to catch more than 48 percent of the balls thrown to him as a No. 1 WR, the Cowboys may have an issue with their fan base. At least T.O. was good for something.
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