The Edmonton Oilers are off to a rough start, that much is true. However, from a financial perspective, things are looking stellar if not as good as it has ever been.
Sportico released their 2023 estimates of NHL franchise valuations, and the Oilers clock in at a whopping $1.59B, good for a year-over-year increase of 23%.
NHL valuations show financial growth
These new valuations represent a good sign for future salary cap increases and the overall growth of the league. The most valuable franchise is of course the Toronto Maple Leafs with a 2023 valuation of $2.65B. The least valuable is the Arizona Coyotes at $675M.
However, all 32 NHL franchises have seen an increase in their valuations since 2022. The biggest increase goes to the Carolina Hurricanes with a 59% boost to $980M, while the smallest increase was the Winnipeg Jets who clock in at $925M.
The Edmonton Oilers’ value
The Oilers remain the eighth most valuable franchise, sandwiched between the Philadelphia Flyers and the Washington Capitals. Franchise-wise, the team has been driven by a storied history of the 1980s Stanley Cup wins as well as having Connor McDavid and Leon Draisaitl on the roster.
Interestingly, the Oilers are one of the most valuable franchises by related businesses. This is driven by the team’s ownership of OEG Digital Gaming, the gambling and subscription business. It also includes the value of the ICE District and related real estate holdings. All of which are collectively valued at about $318 million.
While the Oilers did not see the greatest jump in growth year-over-year, 23% growth is still nothing to be concerned over. The NHL’s increase in value is great for everyone and should trickle down to an increase in the salary cap in the coming years.
