Moving from St. Louis to Los Angeles did not yield immediate on-field improvement for the Rams, but the financial value of the nomadic NFL franchise indicates owner Stan Kroenke made a wise move.
Forbes released the approximate value of all NFL teams on Wednesday, and the Dallas Cowboys remain the gold standard and the only professional football team worth over $4 billion. Considering the monstrous home of the Cowboys and the newly constructed practice and training facility, The Star, in Frisco, Texas, the Cowboys are estimated to be worth $4.2 billion.
Jerry Jones purchased the Cowboys for $140 million in 1989.
Overall, NFL franchise values are 19 percent higher than 2015. Forbes created team values using equity plus net debt, or enterprise value.
Kroenke received NFL approval to move the Rams to Los Angeles in January. At the time, the franchise was one of the five least-valuable, according to Forbes. As the 2016 season begins with the Rams back in Los Angeles, Kroenke's team is No. 6 at $2.9 billion, double what it was in Missouri. That appraisal could spike when the team begins playing in its soon-to-be constructed stadium, billed as the penthouse of pro football venues. It's at the center of a mixed-use real estate project in Inglewood, Calif.
Second behind the Cowboys, who had $700 million in revenue in 2015, the New England Patriots are valued at $3.4 billion.
A total of 24 teams are projected to be worth $2 billion or more:
1. Dallas Cowboys ($4.2 billion)
2. New England Patriots ($3.4 billion)
3. New York Giants ($3.1 billion)
4. San Francisco 49ers ($3.0 billion)
5. Washington Redskins ($2.95 billion)
6. Los Angeles Rams (2.9 billion)
7. New York Jets ($2.75 billion)
8. Chicago Bears ($2.7 billion)
9. Houston Texans ($2.6 billion)
10. Philadelphia Eagles ($2.5 billion)
11. Denver Broncos ($2.4 billion)
12. Miami Dolphins ($2.38 billion)
13. Green Bay Packers ($2.35 billion)
14. Baltimore Ravens ($2.3 billion)
15. Pittsburgh Steelers ($2.25 billion)
16. Seattle Seahawks ($2.23 billion)
17. Minnesota Vikings ($2.2 billion)
18. Indianapolis Colts ($2.18 billion)
19. Atlanta Falcons ($2.13 billion)
20. Oakland Raiders ($2.1 billion)
21. San Diego Chargers (2.08 billion)
22. Carolina Panthers ($2.075 billion)
23. Arizona Cardinals ($2.03 billion)
24. Tennessee Titans ($2.0 billion)