Dolphins Worth Less Than Browns, Forbes Says

The Fins are worth $1.011 billion, mag says, though their player-costs-per-win score needs work

Finally, a category in which Cleveland bests Miami: the Browns are worth exactly $4 million more than the Dolphins.

The shame, the shame!

But the Dolphins are still worth a cool $1.011 billion, good enough for a showing as the 16th most valuable franchise in the league according to Forbes. And if that isn't entirely appropriate -- they are neither best nor worst, floating right around average -- then we haven't ever seen Dolphins football.

Forbes says Miami is worth $646 million from NFL revenue sharing, sit in a market worth $166 million, play a stadium valued at $143 million, and own a brand worth $57 million. That's all well and good.

But the study shows the Dolphins sport a wins-to-player-cost ratio of 70, which means the team is winning 30% fewer games per dollar of payroll than the league average. The Colts and Saints, on the other hand, are each above 200 -- meaning they double the wins of the rest of the league per dollar.

And we're the ones with Bill Parcells.

The Fins are also one of just two teams with operating income in the red last year. They might not earn any respect for that category, but it appears Stephen Ross is going to have to earn it everywhere else, too: Forbes identifies his photo as former owner Wayne Huizenga.

The rest of the list isn't all that shocking. The Cowboys, Redskins, Patriots, and Giants top the standings, followed by the Texans, Jets, Eagles and Ravens.

The bottom, of course, is held down by the Jacksonville Jaguars, whose numbers indicated they were dumped along the St. Johns when the XFL folded.

Still, that Cleveland thing rankles a tad, now that the two markets are mortal enemies. Perhaps we should call up the new Orange Bowl sponsor? The Discover Miami Dolphins has a nice ring to it.

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