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Patriots Ranked Third Most Valuable NFL Franchise

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New England Patriots quarterback Tom Brady (12) smiles as he talks to teammates Rob Gronkowski (87) and Sebastian Vollmer (76) in the huddle during the first quarter of an NFL preseason football game against the Tampa Bay Buccaneers Thursday, Aug. 18, 2011 in Tampa, Fla. (AP Photo/Brian Blanco)

New England Patriots quarterback Tom Brady (12) smiles as he talks to teammates Rob Gronkowski (87) and Sebastian Vollmer (76) in the huddle during the first quarter of an NFL preseason football game against the Tampa Bay Buccaneers Thursday, Aug. 18, 2011 in Tampa, Fla. (AP Photo/Brian Blanco)

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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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