Yankees Most Valuable Team in MLB, Forbes List Shows

12 April 2017, 03:22 | Kristine Mills

The New York Yankees are Major League Baseball's highest valued team for the 20th straight season according

Forbes Yankees worth MLB-best $3.7 billion

Even amid four consecutive losing seasons, the Philadelphia Phillies' franchise is gaining value.

John George of the Philadelphia Business Journal also pointed towards the lucrative $2.5 billion Comcast deal that just kicked in a year ago.

Major League Baseball and its clubs have long disputed the accuracy of Forbes' findings, which nevertheless are widely referenced as a basis of comparison.

Forbes says the overall industry is doing quite well, with the average team value increasing 19 percent to $1.54-billion, based on the combination of new local TV deals, "surging profitability" overall, and the "escalating value" of Major League Baseball Advanced Media, which is a money-maker on the Internet and technology side. Additionally, player expenses over the same period rose 17.2 percent to $143 million. Michael Ilitch bought the team for $85 million in 1992 and had in recent years authorized a payroll among the highest in baseball.

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As one team official said recently, "We're spending more now than we ever have, just allocating it differently".

The New York Yankees are now worth $3.7 billion. They are the runaway leader as the second-most valuable team, the Dodgers ($2.75 billion), are valued at nearly a billion dollars less.

As a whole, the industry continues to grow. The team has topped the rankings for the past 20 years, and was the second-highest sports team overall in the US after the NFL's Dallas Cowboys, which are worth $4.2 billion. No other team has been No. 1 on this season since Forbes started it 20 years ago.

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