News

Yankees named MLB’s ‘most valuable’ team

Yankees named MLB’s ‘most valuable’ team

M.V.T.: The Yankees are the leagues' most valuable. Photo: Reuters

(Reuters) – The New York Yankees are Major League Baseball’s most valuable team for a 17th consecutive year, coming in at more than triple the league’s average value, according to a survey released by Forbes on Wednesday.

The 27-time World Series champion Yankees were valued at $2.5 billion, a nine percent jump from last year and comfortably above the second ranked Los Angeles Dodgers, whose value rose 24 percent to $2 billion due largely to a new television deal.

The Yankees, who last year missed the playoffs for only the second time since 1994 and saw their revenue dip 2 percent to an MLB-high $461 million, have topped the list since Forbes began tracking MLB team valuations in 1998.

The 2013 World Series champion Boston Red Sox ($1.5 billion), Chicago Cubs ($1.2 billion) and San Francisco Giants ($1 billion) rounded out the top five. It marked the first time five MLB teams were worth at least $1 billion.

The average MLB team is now worth $811 million, up nine percent from last year, which Forbes attributed to television deals..

(Reporting by Frank Pingue in Toronto; Editing by Julian Linden)

Recent Headlines

in Music

Jerrod Niemann doesn’t want wedding gifts

Fresh
jerrodniemann

Jerrod Niemann and his fianceƩ have just one thing on their wedding registry: charitable donations.

in Entertainment

Samuel L. Jackson plans Christmas charity single

Fresh
samueljackson

The "Pulp Fiction" star is rounding up his celebrity friends to raise money for the cancer charity One For The Boys.

in Sports

49ers Kaepernick fined for racial slur

kaepernick

The QB faces an $11,000 fine for unsportsmanlike conduct for using a racial slur during a game last week.