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The Bills are (again) the least valuable franchise in the NFL, says Forbes

Seventeen years of no playoffs, and three years at the bottom of the NFL in Forbes' financial rankings.

For the third straight year, the Buffalo Bills came in last in Forbes' annual rankings of NFL teams. The magazine estimates the Bills' value at $1.6 billion.

The Bills were purchased by Terry and Kim Pegula from the estate of late founding owner Ralph C. Wilson Jr. for $1.4 billion in 2014.

Forbes lists the Bills' revenue at $352 million for last year, with an operating income of $53 million.

Forbes says the value of the Bills was up 7 percent since last year, better than 13 other teams, but they were still looking up at the Detroit Lions ($1.7 billion) in 31st place.

The Dallas Cowboys topped the list – for the 11th straight year – at $4.8 billion.

The Bills were one of just five NFL teams valued under $2 billion. The other four were Tampa Bay ($1.975), Cleveland ($1.95), Cincinnati ($1.8) and Detroit ($1.7).

Detroit, however, had just a 3 percent rise in value from last year. So, as with the team's playoff drought, there's always hope for next year.

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