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Dolphins jump in value according to Forbes

NFL: Preaseason-Tennessee Titans at Miami Dolphins Steve Mitchell-USA TODAY Sports

The renovations of Hard Rock Stadium clearly gave the Miami Dolphins one of the premier stadiums in the NFL. It apparently also did a lot for the value of the franchise. According to the annual Forbes list of most valuable sports franchises, the Dolphins saw a 28 percent increase in value from last year, moving the team up to a $2.38 billion valuation.

That ranks 25th overall in the world and 12th in the NFL.

The Dallas Cowboys, who moved into the top spot on the list in 2016, remain the most valuable sports franchise in the world, valued at $4.2 billion. Major League Baseball’s New York Yankees are second at $3.7 billion, followed by three soccer teams, Manchester United ($3.69 billion), Barcelona ($3.64 billion), and Real Madrid ($3.58 billion). Real Madrid actual lost value compared to last year, down 2 percent.

The NFL’s top five are the Cowboys, the New England Patriots ($3.4 billion, 6th overall), the New York Giants ($3.1 billion, 8th), San Francisco 49ers ($3 billion, 9th), and the Washington Redskins ($2.95 billion, 11th).

Miami’s $1.85 billion valuation last year had them ranked 33rd overall in the world.