Yankees are MLB's most valuable team: Forbes

Derek Jeter waves during an exhibition game in

Derek Jeter waves during an exhibition game in Panama City, on March 16, 2014. (Credit: Getty Images / RODRIGO ARANGUA)

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The 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 Wednesday.

The 27-time World Series champion Yankees were valued at $2.5 billion, a 9% jump from last year and comfortably above the second ranked Los Angeles Dodgers, whose value rose 24% to $2 billion due largely to a new television deal.

The Mets were ranked at number 9 in the league, valued at $800 million, just behind the St. Louis Cardinals. The Yankees, who last year missed the playoffs for only the second time since 1994 and saw their revenue dip 2% 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.

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