Yankees valued at $2.3 billion; M’s at $644 million

NEW YORK — Forbes estimated the New York Yankees have the highest value in Major League Baseball for the 16th straight year at $2.3 billion, and the average for an MLB team increased by 23 percent in the last year to $744 million.

The magazine said Wednesday the Yankees’ value increased from $1.85 billion last year.

The Los Angeles Dodgers are second in MLB at $1.62 billion — nearly $400 million below the price paid for the team last May when a group headed by Mark Walter, Stan Kasten and Magic Johnson bought the franchise from Frank McCourt.

Forbes valued Boston third at $1.3 billion, followed by the Chicago Cubs ($1 billion), Philadelphia ($893 million), the New York Mets ($811 million), San Francisco ($786 million), Texas ($764 million), the Los Angeles Angels ($718 million) and St. Louis ($716 million).

The Seattle Mariners rank 12th among the 30 MLB teams with a value of $644 million, an increase of 12.9 percent.

The bottom five are Tampa Bay ($451 million), Kansas City ($457 million), Oakland ($468 million), Pittsburgh ($479 million) and Miami ($520 million).

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Sports

Lake Stevens pitcher Charli Pugmire high fives first baseman Emery Fletcher after getting out of an inning against Glacier Peak on Tuesday, April 23, 2024, at Glacier Peak High School in Snohomish, Washington. (Ryan Berry / The Herald)
Lake Stevens tops Glacier Peak in key softball encounter

The Vikings strung together a three-run rally in the fifth inning to prevail 3-0.

Seattle Mariners star Julio Rodriguez connects for a two-run home run next to Texas Rangers catcher Jonah Heim and umpire Mark Carlson during the third inning of a baseball game in Arlington, Texas, Tuesday, April 23, 2024. It was Rodriguez’s first homer of the season. (AP Photo/Tony Gutierrez)
Finally! Julio Rodriguez hits first homer of season

It took 23 games and 89 at bats for the Mariners superstar to go yard.

X
Prep roundup for Tuesday, April 23

Prep roundup for Tuesday, April 23: (Note for coaches/scorekeepers: To report results… Continue reading

Seattle Seahawks linebacker Jordyn Brooks (56) is taken off the field after being injured in the second half of an NFL football game against the Minnesota Vikings in Minneapolis, Sunday, Sept. 26, 2021. The former first-round pick is an example of the Seahawks failing to find difference makers in recent NFL drafts. (AP Photo/Jim Mone)
A reason Seahawks have 1 playoff win since 2016? Drafting

The NFL draft begins Thursday, and Seattle needs to draft better to get back to its winning ways.

Shorewood and Cascade players all jump for a set piece during a boys soccer match on Monday, April 22, 2024, at Shoreline Stadium in Shoreline, Washington. (Ryan Berry / The Herald)
Shorewood shuts out Cascade 4-0 in boys soccer

Nikola Genadiev’s deliveries help tally another league win for the Stormrays.

X
Vote for The Herald’s Prep Athlete of the Week for April 15-21

The Athlete of the Week nominees for April 15-21. Voting closes at… Continue reading

X
Prep roundup for Monday, April 22

Prep roundup for Monday, April 22: (Note for coaches/scorekeepers: To report results… Continue reading

Mountlake Terrace’s Brynlee Dubiel reacts to her time after crossing the finish line in the girls 300-meter hurdles during the Eason Invitational at Snohomish High School on Saturday, April 20, 2024 in Snohomish, Washington. Dubiel placed fourth with a time of 46.85 seconds. (Olivia Vanni / The Herald)
Big turnout for 34th annual Eason Invitational

Everett’s Ndayiraglje, Kings’s Beard and Glacier Peak’s sprinters were among the local standouts.

X
Silvertips swept out of playoffs by Portland

Everett’s season comes to an end with a 5-0 loss in Game 4; big changes are ahead in the offseason.

Seattle Kraken coach Dave Hakstol’s status remains in question after the team missed the playoffs. (Fred Greenslade/The Canadian Press via AP)
Kraken GM leaves open possibility of changes

Ron Francis was mum about coach Dave Hakstol’s status after Seattle missed the playoffs.

Everett freshman Anna Luscher hits a two-run single in the first inning of the Seagulls’ 13-7 victory over the Cascade Bruins on Friday at Lincoln Field. (Aaron Coe / The Herald)
Everett breaks out the bats to beat crosstown rival Cascade

The Seagulls pound out 17 hits in a 13-7 softball victory over the Bruins.

X
Prep roundup for Saturday, April 20

Prep roundup for Saturday, April 20: (Note for coaches/scorekeepers: To report results… Continue reading

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.