The Denver Broncos may have missed the playoffs last year, but the franchise climbed two spots to No. 24 in Forbes’ 2017 most valuable sports teams, released Wednesday.

The Broncos are worth $2.4 billion, an increase of 24 percent over the previous year, according to the report. Denver is ranked 10th among the 29 NFL teams that made the list of 50.

The Broncos were the only Colorado team to make the list.

The Dallas Cowboys ($4.2 billion) finished No. 1 for the second straight year, followed by the New York Yankees ($3.7 billion), Manchester United ($3.69 billion), Barcelona ($3.64 billion) and Real Madrid ($3.58 billion).

Nuggets and Avalanche owner Stan Kroenke saw two of his teams make the list. The Los Angeles Rams ($2.9 billion) came in at No. 12, and Arsenal ($1.93 billion) was No. 43.

The rankings are based on Forbes’ valuations over the past year for NFL, NHL, NBA, MLB, Formula One, soccer and NASCAR teams. There were no NHL, Formula One or NASCAR teams on this year’s list.

After the NFL, the MLB had eight teams, followed by the NBA (7) and European soccer (7). Two teams — the New Orleans Saints and Los Angeles Angels — tied at No. 50.