A recent history of losing and a weak Canadian dollar have knocked the Toronto Maple Leafs out of the top spot for the NHL's most valuable franchises.The New York Rangers, worth $1.2 billion, are the league's most valuable team for the first time since 2004, according to Forbes' annual rankings. Toronto had held the top spot in every year since 2006, but fell to third behind the Rangers and Montreal Canadiens, with a valuation of $1.15 billion, a drop of 12 percent from the previous year.Montreal, according to the report, was the only Canadian team to increase its value over the last year. Forbes has the Canadiens valued at $1.18 billion, an 18 percent jump.The average worth of a team increased three percent from the previous year to $505 million, while the average revenue per club clocked in at $133 million, a growth of eight percent.Not surprisingly, the Arizona Coyotes ($220 million) and Florida Panthers ($186M) ranked at the bottom of the list. The Winnipeg Jets were the lowest-valued Canadian team among the seven franchises residing north of the border at $350 million, good for 20th in the league.While the majority of Canadian teams—and even American ones—were negatively affected by the value of Canada's sinking dollar, good news is on the way thanks to the recent deal the NHL struck with Major League Baseball Advanced Media. The league will receive $100 million annually starting next year, while also getting a 7-10 percent stake in BAM Tech, a combination that's expected to immediately increase franchise values.