They may not be playing like it early this season, but the Yankees are once again Major League Baseball’s most valuable franchise.
The Bombers topped Forbes latest list of baseball team valuations for the 21st consecutive year, coming in at a whopping $4 billion. Thats $1 billion more than the second-most valuable team, the Dodgers, with the Cubs ($2.9 billion), Giants ($2.85 billion), Red Sox ($2.8 billion) next on the list.
The Mets ranked sixth for the third straight year with a value of $2.1 billion, up from $2 billion in 2017.
The Rays again finished last in valuation at $900 million as the only club shy of a billion. The Marlins, who lead only Tampa Bay, came in at a $1 billion value, despite Derek Jeter and the Bruce Sherman-led ownership group buying the team from Jeffrey Loria for $1.2 billion last August.
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Forbes pegged the Yankees 2017 revenue at $619 million nearly 20 percent higher than any other team with an operating income of $14 million. The $4-billion mark is an eight-percent increase from last year, when the franchise was valued at $3.7 billion.
The average value among the 30 MLB teams is $1.645 billion, seven percent more than last year.