The Detroit Red Wings' value increased by $124 million from a year ago, but the franchise dropped three places in the NHL rankings.

, which has the Red Wings valued at $470 million, ninth in the NHL, in its 2013 valuations released today.

, worth $346 million.

But since then, the average NHL club's value has increased by 46 percent, to $413 million, due in large part to the skyrocketing values of the Canadian franchises.

Forbes wrote: "For the first time since Forbes began tracking NHL team values in 1998, three of the league’s five most valuable teams–Toronto Maple Leafs ($1.15 billion), Montreal Canadiens (third at $775 million), Vancouver Canucks (fourth at $700 million) -- are Canadian (the New York Rangers (second at $850 million) and defending Stanley Cup champion Chicago Blackhawks (fifth at $625 million) are the two U.S. teams to make the top five). And this is also the first time that every Canadian franchise ranks among the top 16 in the 30-team league.''

The Red Wings' value from 2012 increased by 36 percent. The franchise had $96 million in revenue and $10.5 million in equity income, according to Forbes.

Mike and Marian Ilitch purchased the Red Wings from the Norris family for $8 million in 1982.



The Columbus Blue Jackets are the least-valued franchise, worth $175 million, per Forbes.