Forbes: Yankees Named Most Valuable MLB Franchise For 19th Straight Year
Follow CBSDFW.COM: Facebook | Twitter
DALLAS (AP/CBSDFW) - Forbes estimates the New York Yankees are worth $3.4 billion, up 6 percent from last year and the highest evaluation for the 19th straight year.
In its annual rankings, released Wednesday, Forbes claims the average value of a Major League Baseball team increased 7 percent in the last year to $1.3 billion.
It projects the Los Angeles Dodgers as second at $2.5 billion, followed by Boston ($2.3 billion), San Francisco ($2.25 billion), the Chicago Cubs ($2.2 billion) and the New York Mets ($1.65 billion).
The Texas Rangers come in at number 11 on the list with an evaluation of $1.22 billion.
Miami is last at $675 million and Oakland 29th at $725 million. The estimate of Houston's value increased 38 percent to $1.1 billion after a new broadcasting deal.
(©2016 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
