Here's your Forbes Daily Briefing bonus story of the week.

Today on Forbes, the world's 50 most valuable sports teams, 2024.

For the ninth straight year, the Dallas Cowboys are the world's most valuable sports team,

worth an estimated $10.1 billion, the first to cross the 11-figure threshold.

And the team is $1.3 billion beyond their closest competition. But there is plenty of movement

among the top 50 teams, with 12 NBA franchises now flooding the ranking, double the six

on last year's list.

The most valuable NBA franchise is the Golden State Warriors, worth an estimated $8.8 billion and number two overall.

To be fair, that increase is due in part to a change in the timing of Forbes's list, but basketball's

march up the financial leaderboard also reflects

real gains by the NBA's teams. The league's 30 franchises were worth $4.4 billion on average this year,

a 15% increase over 2023, and a staggering 596% jump from a decade ago, with a 21% compound annual return. No other sport represented

among the 50 most valuable teams comes close to that appreciation. The influx of NBA teams

comes at the expense of Major League Baseball, which lost two teams in the top 50, the Chicago Cubs and the San

Francisco Giants, Formula One, which had both of its outfits fallout, Ferrari and Mercedes,

and the NFL, which is now missing the Buffalo Bills. Because of a tie at number 50 this year,

between the NFL's Arizona Cardinals and the NBA's Phoenix Suns, six new

teams joined the ranking, while only five teams depart. The NFL, however, continues to dominate

the list with 29 franchises, 58% of the top 50. Soccer, which had eight clubs in the top 50 a decade ago, including the top

three spots, now has six teams spread across four leagues, with Real Madrid of Spain's La Liga,

leading the way at $6.6 billion, tied for 12th overall.

While Europe's elite soccer teams may have unbeatable global reach, nothing tops the commercialization of American pro sports, starting with their media deals.

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