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Yankees Remain Most Valuable Team in MLB for the 20th Consecutive Year

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New York Yankees manager Joe Girardi. Photo: AP

Forbes announced today its 20th annual valuations of Major League Baseball’s 30 teams, reporting that the average MLB team is worth $1.54 billion, 19 percent more than a year ago. The New York Yankees remain the most valuable team in MLB for the 20th consecutive year, worth $3.7 billion. The team has held the top spot since Forbes began tracking MLB finances in 1998 and generates more revenue ($526 million after revenue sharing) than any other MLB team.

Values were driven higher by new local television deals that are increasing at roughly a two-fold rate, as well as surge in profitability. The Chicago Cubs (worth $2.68 billion, up 22 percent) overtook the San Francisco Giants (worth $2.65 billion, up 18 percent) to claim the fourth place on this year’s rankings. The Toronto Blue Jays (No. 16) climbed six spots, with a valuation of $1.3 billion, a 44 percent increase from 2016.

During the 2016 season, MLB’s 30 teams posted a record average operating income of $34 million, 52 percent more than the 2015 season, which was the previous record.

“During the past 19 years, the average MLB team has increased in value at an 11.5 percent rate unlike, say, 15 years ago when as many as a third of the teams were losing money on an operating basis,” said Mike Ozanian, Forbes Assistant Managing Editor. “There are a few teams losing money today, which is a big reason why values have increased.”

This year’s Top 10 Most Valuable Major League Baseball Teams are:

Rank Team Owners Value

($mil)

1-year change % Revenue

($mil)

Operating Income ($mil)
1 New York Yankees Steinbrenner Family 3,700 9 526 39.0
2 Los Angeles Dodgers Guggenheim Baseball Management 2,750 10 462 -20.5
3 Boston Red Sox John Henry, Thomas Werner 2,700 17 434 78.6
4 Chicago Cubs Ricketts Family 2,675 22 434 83.8
5 San Francisco Giants Charles Johnson 2,650 18 428 78.1
6 New York Mets Fred & Jeff Wilpon, Saul Katz 2,000 21 332 31.7
7 St Louis Cardinals William DeWitt Jr 1,800 12 310 40.5
8 Los Angeles Angels of Anaheim Arturo Moreno 1,750 31 350 68.1
9 Philadelphia Phillies John Middleton 1,650 34 325 87.7
10 Washington Nationals Lerner Family 1,600 23 304 37.6

 

For the complete list, click here.

By Christina Vega

Christina Vega is the publicity manager for Forbes Media.

 

 

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