Considering the state of the Dolphins right now, a ranking of 16th isn't bad. Though, the ranking was awarded by Forbes.com on a list of the most valuable NFL teams. Forbes estimates that the Dolphins are worth $1.01 billion. Slightly less than the $1.04 billion average.
Forbes says the Dolphins brought in $247 million in revenue last year, or about $17 per person living in Broward and Miami-Dade.
The Dolphins took two key steps to improve their finances during the off-season. The team sold the naming rights to their stadium to insurer Sun Life for $4 million a year (an additional $1.5 million a year from the deal is paid to charities), replacing the temporary, soft-dollar deal it had with Jimmy Buffett's Land Shark Lager. More importantly, the Dolphins refinanced $235 million of stadium debt in a deal that includes a $159 million letter of credit that backs taxable municipal bonds sold through a government conduit but for which the stadium corporation is responsible. The deal, arranged by Goldman Sachs, contains a credit reserve that is significantly bigger than it otherwise would have been to account for the possibility of a work stoppage in 2011.
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As in most things in the AFC east right now, the Dolphins are ranked below their two fiercest rivals. The Patriots are ranked third with an estimated value of $1.4 billion, while the Jets come in sixth overall with an estimated value of $1.1 billion. At least we always do better than the Buffalo Bills. They came in at 28th, with an estimated value of $799 million.
In Florida, the Fins are beat out by the Bucaneers who are ranked at 13th, and make an estimated $34 "per fan." However, the Jacksonville Jaguars are ranked at the least valuable franchise in the NFL with $725 million and a ranking of 32nd.