Forbes Values Buffalo Bills At $792 Million

For a second consecutive year, the Buffalo Bills have been valued less by Forbes than the previous year. Forbes' 2011 NFL team valuations are out, and they value the Bills at $792 million - the fourth-lowest valuation in the league, just $67 million more than the lowest-valued team, the Jacksonville Jaguars.

In 2010, the Bills were valued at $799 million - which placed them No. 28 in the league, and $74 million ahead of the Jaguars. In 2009, the Bills were valued at $909 million; this was good for a No. 26 league ranking, and put them $112 million ahead of the lowest-ranked team at the time, the Oakland Raiders. (The Bills were $43 million more valuable than Jacksonville in 2009.)

The Bills did see a sharp increase in operating income from 2010 to 2011. They dropped down to $28 million in that area from $40 million last year, but have since rebounded to $41 million.

This is the lowest that the Bills have been valued since 2006 - Dick Jauron's first year in Buffalo - when Forbes valued the franchise at $756 million.