The New Jersey Devils have been ranked as the 11th most valuable NHL franchise of the 32 clubs at $2.06B dollars, according to Sportico’s 2025 valuations released this week. It is a 21% increase from New Jersey’s 2024 valuation, and moves them from 14th to an 11th place ranking in highest franchise value this calendar year. The 2025 valuation marks the first time the Devils organization, owned by Harris & Blitzer Sports Entertainment, have surpassed the $2B dollar mark. The past five years of New Jersey’s values & rankings are: 2025: $2.06B, 11th place 2024: $1.7B, 14th place 2023: $1.16B, 16th place 2022: $825M, 21st place 2021: $750M, 21st place The league average is $2.1B, with the most valuable team at $4.25B (Toronto), and the least valuable $1.3B (Columbus). These numbers are estimates, not exact, from Sportico based off several factors including team revenue, public financial records, and more. (h/t @sportico)