Yankees Most Valuable MLB Team For 17th Straight Year At $2.5 Billion
NEW YORK — Forbes ranks the New York Yankees as baseball’s most valuable team for the 17th straight year and lists the Tampa Bay Rays with the lowest valuation.
Forbes said Wednesday it estimates the Yankees are worth $2.5 billion, up 9 percent from last year. The Los Angeles Dodgers are next at $2 billion, a 24 percent hike and matching their actual sale price in 2012.
Boston was third at $1.5 billion, followed by the Chicago Cubs ($1.2 billion), San Francisco Giants ($1 billion) and Philadelphia Phillies ($975 million).
At the bottom were the Rays ($485 million), Kansas City Royals ($490 million), Oakland Athletics ($495 million) and Miami Marlins ($500 million).
Major League Baseball’s average team value rose 9 percent to $811 million. Forbes says values rose primarily because of increased media rights fees.
Trending on NESN
-
NHL Rumors: More Information Revealed On Auston Matthews' Absence
-
Red Sox Reportedly Agree To Deal With Versatile Veteran
-
Jim Montgomery Rules Out Bruins Forward For Game 6 Matchup
-
Jerod Mayo Believes Bill Belichick Would Have Done This With No. 3 Pick
-
Did Retired QB's Advice Deter Broncos From Draft Trade With Patriots?
