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)

Local Headlines

in Local

Pheasant Hunting Season

dnr1240

Today marks the start of the pheasant hunting season in Iowa...

in Local

Clay County Deputy Retiring

claycountysheriff

A Clay County Deputy is retiring...

in Local

Building Iowa’s Future Event Held in Spencer

build

A sizable portion of the Iowa GOP statewide ticket was on hand in Spencer on Friday...

in Local

Storm Lake Counterfeit Conviction

courtnews1240

Yoirland Rojas has been convicted of making and using counterfeit credit cards...

in Local

Echo Plus Merging With Hope Haven

hopehaven

Echo Plus of Spirit Lake and Estherville is merging into the Hope Haven organization...