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)

Recently Played

Latest Headlines

in Entertainment

My Little Pony coming to the big screen

Fresh
mylittlepony

The tiny ponies are coming to big screen, and are set to make their movie debut in 2017.

in Music

Ariana Grande, Meghan Trainor to appear at CMAs

ariana

The singers are bringing a little pop to the 48th annual Country Music Awards, performing with Little Big Town and Miranda Lambert.

in Entertainment

Fashion icon Oscar de la Renta dead at 82

oscardelarenta

He dressed American first ladies and Hollywood stars, to become one of the most sought-after designers of the last half-century.

in Sports, Trending, Viral Videos

TODAY’S MUST SEE: College mascots ‘Shake It Off’ parody

12-overlay3

Big Ten mascots show off their dance moves to Taylor Swift's "Shake It Off."

in Entertainment

14 photos for Kim K’s 34th birthday

AP853057848378_2

Love her or hate her, Kim Kardashian is a household name.