The New York Islanders franchise valuation jumped to $2.1B, up 11% from the prior record. That puts them in the middle tier of NHL franchises — below the Rangers ($7.5B) and Maple Leafs ($2.7B), but well above the league basement. The climb reflects a broader NHL valuation surge driven by media rights strength and real estate tailwinds around new arena development. For investors tracking NHL assets, the Islanders move signals what happens when franchise infrastructure upgrades combine with league-wide revenue growth. The gap between top-tier NHL teams and mid-market franchises is widening — but mid-market teams with new arenas and stable ownership are closing the distance faster than expected.