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The 10 Most Valuable NFL Teams

NEW YORK (TheStreet) -- Now that the dust has more or less settled on deflategate, the National Football League is giving us something else to talk about: just how much it's worth.

According to Forbes' annual ranking of the league's most valuable franchises, the average NFL team is worth $1.97 billion. Combined, they are valued at upwards of $62 billion -- well above the average market cap of the S&P 500.

"The NFL is the number one sport in the United States and occupies a special spot in the American sports psyche," said Michael Colangelo, assistant director of the USC Sports Business Institute and senior editor at sports business publication The Fields of Green in an email to TheStreet. "It is by far the most popular television product and out-rates every show/sporting event on television. The league is a multi-billion dollar league with multi-billion dollar franchises due to the business sophistication of the league and franchises. The NFL doesn't miss a chance to monetize its product."

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The NFL's revenue-sharing pool grew to $7.3 billion last season, meaning a $226.4 million payout to each of its teams. The league has set a goal of reaching $25...