Forbes Magazine today released their ranking of hockey team values for the entire NHL. The Washington Capitals have risen to the number 10 spot, after an estimated value increase of 13% over the past season.  Forbes summary of the Caps states:

“The Washington Capitals value increased 13%, to $565 million, over the past year. Owner Ted Leonsis, who also owns the NBA’s Wizards, is reportedly close to inking a new media deal for both teams with Comcast SportsNet Mid-Atlantic. The Capitals’ average rights fee could more than double, to roughly $28 million per year. Although the new agreement would not begin until the 2017-18 season, we conservatively adjusted our value of the Capitals for a new local television deal because independent sources have verified a more more lucrative agreement is pending.”

The average NHL team is now worth $505 million, which is a 3% increase from 2014. Revenue averaged $133 million per team for the 2014-15 season, 8% more than the previous season.

The Capitals ranked 11th last year, just behind the Pittsburgh Penguins.  This year the Caps jumped the Penguins for the number 10 spot.