News

Yankees named MLB’s ‘most valuable’ team

Yankees named MLB’s ‘most valuable’ team

M.V.T.: The Yankees are the leagues' most valuable. Photo: Reuters

(Reuters) – The New York Yankees are Major League Baseball’s most valuable team for a 17th consecutive year, coming in at more than triple the league’s average value, according to a survey released by Forbes on Wednesday.

The 27-time World Series champion Yankees were valued at $2.5 billion, a nine percent jump from last year and comfortably above the second ranked Los Angeles Dodgers, whose value rose 24 percent to $2 billion due largely to a new television deal.

The Yankees, who last year missed the playoffs for only the second time since 1994 and saw their revenue dip 2 percent to an MLB-high $461 million, have topped the list since Forbes began tracking MLB team valuations in 1998.

The 2013 World Series champion Boston Red Sox ($1.5 billion), Chicago Cubs ($1.2 billion) and San Francisco Giants ($1 billion) rounded out the top five. It marked the first time five MLB teams were worth at least $1 billion.

The average MLB team is now worth $811 million, up nine percent from last year, which Forbes attributed to television deals..

(Reporting by Frank Pingue in Toronto; Editing by Julian Linden)

News

in Entertainment

Inspiration for ‘Harry Potter’ nemesis revealed

Fresh
harrypotter

J.K. Rowling says the much-hated character Dolores Umbridge is based on a teacher to whom she took an instant dislike.

in Entertainment

Pee-wee Herman headed back to big screen

peewee

Actor Paul Reubens is set to reprise his role as suited man-boy Pee-wee Herman in a new movie.

in Trending, Viral Videos

TODAY’S MUST SEE: ‘Scaring’ with the ‘Stars’

11-overlay3

Halloween is alive and well on the set of the hit ABC show "Dancing With the Stars."

in National, World

Congress to revisit ISIS war debate after election

isis

Lawmakers will resume a debate on the U.S.-led fight against militants in Syria and Iraq.

in National

Suspect in Pa. police ambush captured after 7-week manhunt

frein

The survivalist suspected of killing a state trooper in a sniper attack in September was finally arrested.