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.
Spurs thrash Watford 4-0, close in on Chelsea
Watford remain 10th but struggled as their manager Walter Mazzarri rested his captain and highest-profile player Troy Deeney. If they fail, our job is done because we are there (behind them), but still it's up to them to win the Premier League ".
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.
Davis Cup: Australia leads US 2-0 in quarterfinal
In the fifth set, the Americans broke Peers' serve to love and outplayed the Australians to clinch the match. Lets hopefully close it out tomorrow, world number 16 Kyrgios said on court after the win.
Venezuelans called to flood streets in anti-Maduro protest
Opposition demonstrations in Venezuela in the past were sometimes planned weeks in advance to guarantee high turnout. Those protests have revived fears of broader unrest in Venezuela, where 43 people were killed during riots in 2014.
Amazon launches Fire TV Stick in UK
The bot will be able to understand entertainment-specific commands such as "skip back 10 minutes" and "find suspense thrillers". It features a new quad-core processor that makes it 30 percent faster than the previous version, according to the company.
Stuck out! Ball clings to Molina, Cubs rally past Cardinals
Cecil went on to allow four runs in the inning - three on a Kyle Schwarber home run - and took the loss in a 6-4 Cardinals defeat. Yadier Molina's double play bouncer to short became a run and no outs when second baseman Ben Zobrist dropped the relay throw.