Forbes values Yankees at $2.3 billion
Forbes estimated the New York Yankees have the highest value in
Major League Baseball for the 16th straight year at $2.3 billion,
and the average for an MLB team increased by 23 percent in the last
year to $744 million.
The magazine said Wednesday the Yankees’ value increased from
$1.85 billion last year.
The Los Angeles Dodgers are second in MLB at $1.62 billion –
nearly $400 million below the price paid for the team last May when
a group headed by Mark Walter, Stan Kasten and Magic Johnson bought
the franchise from Frank McCourt.
Forbes valued Boston third at $1.3 billion, followed by the
Chicago Cubs ($1 billion), Philadelphia ($893 million), the New
York Mets ($811 million), San Francisco ($786 million), Texas ($764
million), the Los Angeles Angels ($718 million) and St. Louis ($716
The bottom five are Tampa Bay ($451 million), Kansas City ($457
million), Oakland ($468 million), Pittsburgh ($479 million) and
Miami ($520 million).