WASHINGTON — The Redskins are now the NFL’s fifth most valuable franchise, according to Forbes Magazine, down from third the past two years running.
The Redskins — valued at $2.95 billion in 2016 — have been surpassed in value by the New York Giants ($3.1 B), who ranked fourth in 2015 but now rank third, and the San Francisco 49ers ($3.0 B), who now rank fourth after being fifth last season.
The Dallas Cowboys ($4.2 B) and New England Patriots ($3.4 B) remain the league’s first and second most valuable franchises.
Also worth noting, while the Redskins have fallen in Forbes’ rankings, they have increased in valuation, up $100 million from 2015. The organization, valued at $2.4 billion by Forbes in 2014, has grown $550 million in value over the past two years.
Another way of looking at it: The Redskins actually grew more in value after missing the playoffs at 4-12 in 2014 than they did after winning the NFC East last season at 9-7.
Following the Redskins are the Rams ($2.9 B), who have doubled in value, jumping an incredible 22 spots to sixth in the rankings since moving from St. Louis to Los Angeles.
Read Forbes’ full NFL valuations here.