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

Memorial Day Programs

americanflag (2)

There will be several Memorial Day Programs in the broadcast area Monday morning...

in Local

Robbery Suspect Being Sought

Dak

Storm Lake Police is asking the public's assistance in locating an armed suspect from an armed robbery...

in Local

Emmetsburg Accident

rv

A Plover man was injured after a motorhome accident...

in Local

River Road Accident

Car Accident 1280

A Graettinger man is injured in a single vehicle accident...

in Local

Graettinger Vandalism

iowasheriff badge

The Palo Alto County Sheriffs office is investigating a vandalism in Graettinger...