New York Yankees Valued At $4.6 Billion

The New York Yankees remain Major League Baseball’s most valuable team, according to the annual list compiled by business magazine Forbes.

The Yankees have held the top spot since Forbes began tracking MLB team finances in 1998, and the magazine puts the puts the team’s worth at $4.6 billion.

The figure is up 15% from a year ago and more than double the league’s average value.

The Los Angeles Dodgers ($3.3 billion), Boston Red Sox ($3.2 billion), Chicago Cubs ($3.1 billion) and San Francisco Giants ($3 billion) rounded out the top five.

The average MLB team is now worth $1.8 billion, an 8% percent increase from last year, thanks largely to growth in the value of media rights.

The Yankees had local revenue of $712 million last year, the most in MLB and more than the bottom six teams (Miami Marlins, Tampa Bay Rays, Oakland Athletics, Kansas City Royals, Cincinnati Reds and Baltimore Orioles) had combined.

For the full list of MLB valuations click here.