The average value of NHL franchises rose 6 percent over the last year to a record $630 million, according to Forbes' annual report on the sport's finances.

For the fourth year running, the New York Rangers are the most valuable team, coming in at $1.55 billion, a 3 percent increase over 2017.

Three other franchises - the Toronto Maple Leafs, Montreal Canadiens, and Chicago Blackhawks - are valued at more than $1 billion.

Here's the full list: