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The rankings are out from Bizjournals on 122 sports franchises from the NBA, MLB, NFL and NHL -- the Ottawa Senators placed 68th on the list this year. Here's a quick and dirty breakdown of the formula used to determine the rankings:

Half of a team’s score was determined by its level of success on the field, court or ice. Bizjournals’ formula considered each franchise’s win-loss record, average margin of victory (or defeat), and playoff results.

The other half was determined by a team’s relative success in business. The formula analyzed average home attendance, the percentage of available seats sold for home games, and the increase (or decline) in a franchise’s value from 2007 to 2008. The latter was based on annual estimates published by Forbes magazine.

Here's the Sens' writeup:

68. Ottawa Senators (NHL)

Score: 49.46 points (out of 100)
Rank in sport: 18 (of 30 NHL teams)
On-ice performance: 31-39-9 record, average margin of minus-0.44 goals per game
Business performance: 19,465 attendance per home game, 100.0% of capacity, gain of 12% in franchise value

Keep in mind -- these numbers are for last season. Can't wait to see next year's ranking.

Other notables include Montreal (No. 4), Chicago (No. 24), Calgary (No. 27), Vancouver (No. 53), Edmonton (No. 61), Toronto (No. 64), Columbus (No. 114), Atlanta (No. 119) and the New York Islanders (No. 121 -- only the Detroit Lions were worse).

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