12 April, 2017
Even amid four consecutive losing seasons, the Philadelphia Phillies' franchise is gaining value.
The New York Yankees are worth a staggering $3.7 billion, making it the most valuable Major League Baseball team and second-most valuable sports team in the world behind the NFL's Dallas Cowboys, according to calculations by Forbes.
The San Francisco Giants finish out the top five at $2.65 billion.
The Phillies are now valued at $1.65 billion, ranking ninth among the 30 Major League Baseball teams according to Forbes, which released the valuations Tuesday. The Padres' ownership group purchased the franchise for $800 million in 2012. Additionally, player expenses over the same period rose 17.2 percent to $143 million.
The article also lists Seattle as having the 12th highest payroll on opening day.
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As one team official said recently, "We're spending more now than we ever have, just allocating it differently".
Forbes reported Mike Ozanian notes that the Miami Marlins recently had a handshake deal to sell the franchise for $1.6 billion, although that deal fizzled.
As a whole, the industry continues to grow. According to ESPN's Darren Rovell, the Yankees have been the most valuable franchise in each of the 20 years Forbes has released its list.
Teams in the top markets like New York, Boston, Chicago, and Los Angeles will always be toward the top of these rankings, but the noticeable difference in overall average team value seems to be coming from a vested interest in the sport from the smaller markets.