SANTA CLARA (CBS / AP) – The Dallas Cowboys not only are the NFL’s most valuable franchise for the 11th straight year, they are the top-valued team in the world.

According to Forbes magazine, their worth increased 14 percent in the last year, reaching $4.8 billion. That’s more than $1 billion ahead of the Patriots ($3.7 billion).

Rounding out the NFL’s top five are the Giants ($3.3 billion), Redskins ($3.1 billion) and 49ers ($3.05 billion).

At $2.38 billion, the Oakland Raiders were the 19th most valuable NFL franchise on the Forbes list.

On average, an NFL franchise is worth $2.52 billion, an increase of 8 percent since 2016. Much of that can be attributed to rights fees and new stadiums or stadium renovations.

Every team is worth at least a billion, with the Buffalo Bills last at $1.6 billion. Forbes reported earlier this year that the average baseball franchise is worth $1.54 billion.

The Falcons had the highest increase in value, up 16 percent to more than $2.47 billion The team just moved into a $1.5 billion stadium in Atlanta.

TM and © Copyright 2017 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2017 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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