DAVIE (CBSMiami) – Over the past few years, the Miami Dolphins has been an average team in the NFL, struggling to get above .500. So, it’s not much of a surprise the team is right in the middle of the pack when it comes to financial value in the NFL.
According to Forbes’ annual valuation of franchises in the NFL, the Miami Dolphins are currently worth $1.07 billion and have a 36 percent debt/value ratio. Overall, the Fins pulled in $268 million in revenue last year and had an operating income of $24.8 million.
The Fins’ operating income was in the bottom half of the league in 2012.
Forbes broke down the Dolphins financials saying the team had a player cost of $137 million in 2012 and pulled in $53 million in gate receipts. According to the Forbes analysis, the Dolphins pulled in revenue of about $18 per fan.
Forbes said Sun Life Stadium contributed about $152 million to the overall value of the franchise. The Dolphins lost a campaign last year to split the costs of major renovations to Sun Life between public and private funds.
Of the teams ahead of the Dolphins in the Forbes rankings, only the Green Bay Packers have a stadium older than Sun Life Stadium. The Packers play at legendary Lambeau Field which has undergone hundreds of millions of dollars in renovations in recent years.