Training camp hasn't started yet, but the Ravens have an early win over the Pittsburgh Steelers.

Financial magazine Forbes released its 50 most valuable sports franchise list Wednesday, with the hometown Ravens checking in at No. 19, behind eight NFL teams but ahead of the storied Steelers.

According to Forbes, the Ravens are valued at $1.227 billion, with the Steelers at $1.118 billion at No. 27 — one spot behind the Toronto Maple Leafs. That’s a hockey team.

When considering only the NFL teams, the ranking mostly stayed the same as last year’s list, with the Dallas Cowboys atop the list, followed by the New England Patriots.

The Patriots are an interesting case in that while they have a long history as a franchise, they weren’t even close to relevant until after the Ravens won their first Super Bowl in 2000.

Many of the other teams ranked ahead of the Ravens -- like the Cowboys, Washington Redskins, and New York Giants -- have storied histories and reside in massive media markets.

The only team that surprised was the Houston Texans, who entered the league six years after the Ravens but ranked seven spots ahead of them at No. 12.

Either way, cherish the early win. It will tide you over until the Week 2 Thursday night showdown against Pittsburgh.

jmeoli@baltsun.com

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