Terry Pegula paid $189 million for the Sabres in 2011. ©2013, Dan Hickling, Olean Times Herald

Forbes values Sabres at $250 million

BUFFALO – The Sabres’ awful on-ice performance hasn’t hurt the team’s value.

Forbes’ annual list of NHL franchise values pegs the Sabres worth $250 million, 22nd in the league. The Sabres ranked 22nd last year at $175 million.

Sabres owner Terry Pegula paid $189 million for the team in 2011.

The Toronto Maple Leafs are the NHL’s most valuable team at $1.15 billion. The Columbus Blue Jackets are the least valuable at $175 million.

According to Forbes, this is the first time since the magazine began rankings in 1998 that three of the league’s five most valuable teams – Toronto, the Montreal Canadiens ($775 million) and Vancouver Canucks ($700 million) – are Canadian.

The New York Rangers rank No. 2 behind Toronto at $850 million.

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