NASCAR Cup Series

Hendrick valued as top NASCAR team by Forbes

Published Mar. 24, 2010 7:11 p.m. ET

foxsports

Forbes' annual rankings show that Hendrick Motorsports is the most valuable team in NASCAR for the second consecutive year.

Forbes' report released Wednesday shows NASCAR's top team is worth $350 million. But the report claims the average team value has declined $5 million over the past year.

Roush Fenway Racing is ranked second at a value of $238 million, and Richard Childress Racing is ranked third at $153 million.

Joe Gibbs Racing ($144 million) and Richard Petty Motorsports ($124 million) round out the top five.

Forbes says the value of a top 10 team in NASCAR has dropped 10 percent since 2008.

Forbes ranked three Hendrick drivers as the highest paid in NASCAR. Dale Earnhardt Jr. is first at $30 million, followed by Jeff Gordon ($27 million) and Jimmie Johnson ($23 million.)

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On the Web: www.forbes.com