MLB team values see league-wide rise, Yankees remain most expensive
Major League Baseball’s overall value as a league is rising, but the New York Yankees still remain the most expensive franchise, according to Forbes. We’ll take a look into some MLB team values.
Despite Diamond Sports Group, the regional broadcast leader in MLB filing for bankruptcy, the average MLB team value increased to $2.32 billion, a 12 percent increase from last year.
Some teams will be in trouble because of the Diamond bankruptcy: 14 out of the 30 teams’ local rights are through Diamond, most of those in the form of Bally Sports. While this may be true, a lot of the potential revenue missed out on didn’t seem to affect Forbes’ valuations of these teams. In fact, two of the Bally franchise partners went up: The Colorado Rockies (six percent increase) and the San Diego Padres (11 percent increase).
The Yankees are the most valuable team in the entire league by a wide margin, increasing in value by 18 percent from a year ago. They’re now worth a whopping $7.1 billion. They won’t have any concerns with the Diamond bankruptcy, since they are one of several teams to have their own television network for broadcast: the YES (Yankees Entertainment and Sports) Network.
The Bronx Bombers came in first in overall value, followed by the Los Angeles Dodgers. The Boston Red Sox, Chicago Cubs, San Francisco Giants and New York Mets round out the top-7.
For one reason or another, every organization in the league either grew in value or remained the same. No one lost value.
Some MLB team values soared from the previous year to now. The biggest climbers in value were the Seattle Mariners with a 29 percent increase; the Milwaukee Brewers had a 25 percent increase while the Atlanta Braves and Baltimore Orioles both increased by 24 percent. The Los Angeles Angels were the only other team to increase in value by north of 20 percent, increasing by 23 percent.
Analyzing the MLB team values is always interesting. Seeing these massive numbers, it’s almost perplexing as to why more owners of failing franchises don’t sell their teams. They could get massive sums when it otherwise seems like they don’t care about their fans or the state of the team at all.
Will anyone ever jump the Yankees as the most valuable team in all of MLB?
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