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 Election 2014, Local

UI Labs: Who Gets the Credit?

Bruce Rauner (R), Pat Quinn

Rauner: "The idea was mine." Quinn spokeswoman: Arrogant.

in Local

Benedictine University Holds Q/A For Soon-to-be Former Students

college

University officials say traditional program has more than 500 students

in Local

Illini Basketball Coming to Springfield’s PCCC in 2015

university illinois

The move is being made due to construction at the State Farm Center.

in Local

Minimum Wage Hike Supporters Take Credit for Early Voting Spike

money

Early voting is up in Illinois over the last mid-term election, and a group supporting the minimum wage increase is claiming some of the credit.