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 Viral Videos

What it would sound like if Ice T voiced cartoons

14-overlay5

"Scooby Doo" and "Dora the Explorer" would sound a whole lot different.

in Viral Videos

2-year-old sings National Anthem, makes America better

12-overlay7

Adorable Trent Harris singing the "Star Spangled Banner" before the start of a high school basketball game will make you proud to be an American.

in Entertainment, Weird

Forget the Double-Down, KFC launches edible coffee cups

kfccup

Kentucky Fried Chicken is testing edible coffee cups in some of its stores. Maybe next they'll try edible chicken.

in Music, Viral Videos

WATCH: Spirited seniors turn ‘Uptown Funk’ into ‘Oldtown’ jam

24-overlay2

Bruno Mars and Mark Ronson better watch out ... Alex Boye and these retirees are giving them a run for their money.

in Weird

Who stole the church chocolate?

chocolate

Sounds like someone had the munchies.