Investor Alert

Associated Press

April 9, 2020, 5:29 p.m. EDT

New York Yankees clinch first place as Forbes ranks baseball teams by valuation

Bronx Bombers, valued at $5 billion, distantly followed by Los Angeles Dodgers, Boston Red Sox, Chicago Cubs

By Associated Press

Getty Images
Luke Voit of the New York Yankees celebrates after scoring on a sacrifice fly during a 2018 postseason game at Yankee Stadium in the Bronx.

NEW YORK (AP) — Forbes estimates the New York Yankees are baseball’s most valuable franchise at $5 billion, up 9% over last year and 47% more than the No. 2 Los Angeles Dodgers at $3.4 billion.

The Yankees’ YES Network broadcasts Forbes’s “SportsMoney” television show.

The Boston Red Sox are third at $3.3 billion, Forbes said Thursday, followed by the Chicago Cubs ($3.2 billion), San Francisco ($3.1 billion), the New York Mets ($2.4 billion), St. Louis ($2.2 billion) and Philadelphia ($2 billion).

Miami was last at $980 million, a drop of $20 million. Also near the bottom were Kansas City ($1.025 billion), Tampa Bay ($1.05 billion), Cincinnati ($1.075 billion) and Oakland ($1.1 billion).

Forbes estimates the MLB average team value rose 4% from last year to $1.85 billion, the smallest annual appreciation since a 2% rise in 2010.

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