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.