Forbes values Browns at $1.12 billion

Forbes magazine has released its annual ranking of NFL team values, and the Cleveland Browns came in No. 22 at $1.12 billion.

Forbes says the figures “are enterprise values (equity plus net debt) and are calculated using multiples of revenue that reflect each team’s current stadium economics (with adjustments for pending new stadiums and renovations).”

The Dallas Cowboys topped the list for the eighth consecutive year, this time at $3.2 billion. The Rams ranked last at $930 million.