The Vancouver Canucks are considered to be the 13th most valuable team in the NHL, according to Sportico’s annual NHL Valuations.

The team is valued at $1.73 billion, placing just behind the Vegas Golden Knights and just ahead of the New Jersey Devils. Vancouver is listed as the fourth most valuable Canadian team, ranking behind the Toronto Maple Leafs (1st), Montreal Canadiens (3rd), and Edmonton Oilers (7th).

The Maple Leafs and Rangers are the only teams to surpass the $3 billion threshold while every team is valued at over a $1 billion for the first time. Rounding out the top five are the Boston Bruins and the Los Angeles Kings, with the Columbus Blue Jackets sitting in last place at just over a billion.

The Canucks have maintained their spot for two consecutive seasons, with a yearly growth of 44% compared to last year at $1.2 billion. Their highest finish in the four years that Sportico has conducted these rankings was 11th, which they achieved in 2021 and 2022. The aforementioned 44% increase in value has them tied for eighth with the biggest jump over the calendar year, with the Utah Hockey Club seeing the biggest jump at 78%.

This large increase in value stems from an increase in cap space after multiple seasons of the cap being frozen due to the COVID-19 pandemic. The pending new national rights deal in Canada will only further increase the value of the Canucks and other teams around the NHL in the coming seasons.

While the Vancouver faithful have had their gripes about the ownership of Francesco Aquilini, one thing that has remained constant is his help in increasing the value of the franchise over time. Given that he purchased the franchise for a combined $250 million over two years in the mid-2000s, his return on investment has dramatically grown in the nearly 20 years since taking over.

With the trend the NHL is heading in, it may not be long before the Canucks hit the $2 billion threshold by as early as next year.