Swing And A Hit: At $7.1B, New York Yankees Top MLB’s Most Valuable Teams
Thursday, March 23, 2023 at 06:28PM By Barry Janoff
March 23, 2023: MLB is heading into Opening Day 2023 on March 30 with numerous changes, including a pitch clock, larger bases and new rules on defensive alignments.
One thing has not changed: The New York Yankees are the most valuable franchise in MLB at $7.1 billion.
The Yankees have been MLB’s top-valued team every year since Forbes first published its Most Valuable MLB Teams list in December 1998. Back then, they were valued at about $500 million after winning the World Series.
The Yankees estimated value is up +18% from 2022.
By comparison, the average MLB team value increased 12% over the past year to $2.32 billion, according to Forbes, with revenue increasing 7.8% to $10.3 billion.
“Most of that money came from a 64% increase in ticket revenue, including the post-season and Spring Training.”
According to StubHub online ticket marketplace, the Yankees, with reigning AL MVP Aaron Judge, have reclaimed the No. 1 spot as the most in-demand team entering the 2023 season, replacing the Atlanta Braves, which last season took the No. 1 position from the Yankees after winning the 2021 World Series.
StubHub said the Yankees are outpacing the Braves in ticket sales “by almost 25%.”
In addition, the Yankees “draw the most global representation of any other team, with buyers from over 26 different countries and all 50 U.S. states.”
Forbes said MLB's 30 teams made about $2.3 billion in local television revenue in 2022, accounting for 22% of their total revenue.
The Los Angeles Dodgers are No. 2, valued at $4.8 billion, also up 18% over 2022.
The difference in value between the Yankees and Dodgers — $2.3 billion — is more than the value of 20 MLB teams.
World Series champion Houston Astros are No. 11 ($2.25 billion).
The most valuable team in the NFL — and among all sports franchises worldwide — is the Dallas Cowboys ($8B), according to Forbes.
The most valuable team in the NBA is the Golden State Warriors ($7B).
MLB’s Most Valuable Teams 2023
1. New York Yankees $7.1B (+18% from 2022)
2. Los Angeles Dodgers $4.8B (+18%)
3. Boston Red Sox $4.5B (+15%)
4. Chicago Cubs $4.1B (+8%
5. San Francisco Giants $3.7B (+6%)
6. New York Mets $2.9B (+9%)
7. Los Angeles Angels $2.7B (+23%)
8. Atlanta Braves $2.6B (+24%)
9. Philadelphia Phillies $2.575B (+12%)
10. St. Louis Cardinals $2.55B (+4)
11. Houston Astros $2.25B
12. Texas Rangers $2.225B
13. Seattle Mariners $2.2B
14. Toronto Blue Jays $2.1B
15. Chicago White Sox $2.05B
16. Washington Commanders $2B
17. San Diego Padres $1.75B
18. Baltimore Orioles $1.87B
19. Milwaukee Brewers $1.6B
20. Colorado Rockies $1.475B
21. Detroit Tigers $1.45B
22. Minnesota Twins $1.39B
23. Arizona Diamondbacks $.38B
24. Pittsburgh Pirates $1.32B
25. Cleveland Guardians $1.3
26. Tampa Bay Rays $1.25B
27. Kansas City Royals $1.2B
28. Cincinnati Reds $1.19B
29. Oakland A’s $1.18B
30. Miami Marlins $1B
Source: Forbes
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