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 Music

Aerosmith star Tom Hamilton is cancer free

Fresh
tomhamiltonaerosmith

The bassist was diagnosed with throat and tongue cancer in 2006, but the disease returned in 2011 prompting him to seek further treatment.

in Music

Remember that time the Rolling Stones got arrested in Arkansas?

13-overlay2

The Hall of Fame rockers were arrested for reckless driving 40 years ago but for a young deputy prosecutor the case was one to remember.

in Entertainment

Police raid Indy home of ‘Jared from Subway’

Updated
jaredfogle

The raid comes just months after the former director of the sandwich spokesman's nonprofit Jared Foundation was arrested on federal child pornography charges.

in Entertainment

Your Frappuccino is going to cost you more

starbucks

Starbucks says it's hiking prices again starting today, with the increases ranging from 5 to 20 cents for most affected drinks.

in Entertainment

Pamela Anderson launches online culinary show as she preps vegan cookbook

pamanderson

The former "Baywatch" beauty has launched a blog featuring video tutorials on how to cook up healthy green meals.

Weather

condition Condition: Partly Cloudy
Temperature: 81°
High: 86° - Low: 70°