TAMPA, Fla. -- The Yankees may be hurting lately on the field, but according to Forbes, their financial portfolio is in robust health. The magazine released its annual rankings of Major League Baseball teams Wednesday and the Yankees, at an estimated value of $2.3 billion, remained the sport's most valuable franchise for the 16th consecutive year.
Their hold on the crown, however, may be slipping. Coming in at second place was the Dodgers, who were tagged at $1.6 billion -- but sold a year ago for $2 billion. The reason for that gap has to do with the Dodgers' pending TV deal, which should increase the worth of the franchise exponentially but has yet to be approved by MLB.
The Mets, at a Forbes-rated value of $811 million, landed in the No. 6 spot, behind, in order, the Red Sox ($1.312 billion), Cubs ($1 billion) and Phillies ($893 million). The rankings also put the Mets' 2012 revenue at $232 million, slightly above the MLB-average of $227 million for each team. The Yankees, by comparison, came in at $471 million.
Overall, 2012 was a good one for the business of baseball. By Forbes' estimates, the average worth of an MLB team is now $744 million, up more than 23 percent from the previous year. It also was the largest jump since Forbes began tracking such statistics in 1998.
No doubt that was helped by the sport's new network TV package, which is worth a total of $12.4 billion to MLB for the next eight years. That is expected to deliver an average of $52 million to each team, for each season, through 2021.