Forbes: Yan­kees worth big league-high $3.7 bil­lion

The Washington Times Daily - - SPORTS -

NEW YORK | Forbes ranks the New York Yan­kees as base­ball’s most valu­able team for the 20th straight year and lists the Tampa Bay Rays with the low­est val­u­a­tion.

Forbes said Tues­day it es­ti­mates the Yan­kees are worth $3.7 bil­lion, up 9 per­cent from last year. The Dodgers are next at $2.75 bil­lion, a 10 per­cent in­crease.

Bos­ton was third at $2.7 bil­lion, fol­lowed by the Chicago Cubs ($2.675 bil­lion), San Fran­cisco ($2.65 bil­lion) and New York Mets ($2 bil­lion).

At the bot­tom were the Rays ($825 mil­lion), Oak­land ($880 mil­lion), Cincin­nati ($915 mil­lion) and Cleve­land ($920 mil­lion).

Ma­jor League Base­ball’s av­er­age team value rose 19 per­cent to $1.54 bil­lion. Forbes says val­ues in­creased be­cause of new lo­cal tele­vi­sion deals, as well as a “surge in prof­itabil­ity.”

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