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Patriots Ranked Third Most Valuable NFL Franchise

BOSTON (CBS) - The New England Patriots are the third most valuable franchise in the NFL, according to Forbes Magazine's annual survey.

At $1.4 billion, the Patriots trail only the Dallas Cowboys ($1.85 billion) and the Washington Redskins ($1.55 billion) in the NFL. The New York Giants come in fourth at $1.3 billion, followed by the Jets at $1.223 billion.

Read: Levan Reid's Patriots Blog

Altogether, 15 NFL teams are worth at least $1 billion. The least valuable NFL franchise, according to Forbes, are the Jacksonville Jaguars at $725 million.

Check Out: NFL Power Rankings

The Cowboys finished in the top spot of any US team, and are second only to Manchester United of the English Premiere League who is valued at $1.9 billion.

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