Astros rank near the bottom of MLB valuations

Astros rank near the bottom of MLB valuations

Credit: David Manning-USA TODAY Sports

Mar 8, 2014; Kissimmee, FL, USA; Houston Astros owner Jim Crane before the Astros play the New York Yankees in a spring training exhibition game at Osceola County Stadium. Mandatory Credit: David Manning-USA TODAY Sports

Print
Email
|

The Associated Press

Posted on March 26, 2014 at 11:30 AM

Updated Wednesday, Mar 26 at 11:33 AM

NEW YORK (AP) - Forbes ranks the New York Yankees as baseball’s most valuable team for the 17th straight year and lists the Tampa Bay Rays with the lowest valuation.

Forbes said Wednesday it estimates the Yankees are worth $2.5 billion, up 9 percent from last year. The Dodgers are next at $2 billion, a 24 percent hike and matching their actual sale price in 2012.

Boston was third at $1.5 billion, followed by the Chicago Cubs ($1.2 billion), San Francisco ($1 billion), Philadelphia ($975 million) and the Texas Rangers ($825 million).

The Houston Astros came in at 26th on the list with a value of $530 million.

At the bottom were the Rays ($485 million), Kansas City ($490 million), Oakland ($495 million) and Miami ($500 million).

Major League Baseball’s average team value rose 9 percent to $811 million. Forbes says values rose primarily because of increased media rights fees.

Print
Email
|